Not Ranked
The reason that I suggest having adequate room is so important is because I personally know quite a few people who abandoned projects do to lack of space, and more people to abandon projects do to lack of space rather than budget or interest. Working out of a 1 car garage is frustrating and pretty much sucks no matter how you slice it unless you are incredibly resourceful and patient (....simply put, hardheaded or driven beyond compare). It is frustrating not being able to move around to get in to the right position, not having room to store stuff, and simply not having the physical size to do the work correctly. I am relatively young and I can't imagine getting older and working out of 1 bay. Kicking against the walls, against parts, stacking items above my head level, etc etc. My back and body hurt thinking about it.
Sometimes the better route to take is buying a nearly completed or a completed project. Drive and enjoy. Save time and save money. There is plenty of tinkering left to do once you buy it anyway, but once the bones are there, it makes working out of tight spaces that much easier. Of course if the actual build itself is what interests you, by all means, take this route. Just don't believe that buying a somewhat or fully completed project takes away your future tinkering.
Good luck with whatever you decide to do.
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