One thing to keep in mind is where do you live? If its humid or you get lots of rain (like Oregon, where I live), then I would store on open shelving for lots of air circulation. The added bonus is I smile everytime I walk into my quilt room, with all the colors and fabrics on display. I used Billy shelves from Ikea, and have a wall of those -- folded my fabrics so they fit on the shelves (11" deep) and its perfect. Separated by colors, Christmas, Australian, baby/children, misc and "All Creatures Great & Small" - a quilt I hope to do in the not too distant future. In between are baskets of various things (old hankies, patterns, threads, etc) on shelves & pics. I think you need to do it so you can see what you have easily.