I have a large master bedroom and I live alone, so I set up my sewing and cutting area in my bedroom. Here are some pictures of when I recently organized it. It doesn't always look this neat, but I try. My fabric is stored in a large plastic storage container with a lid. I can't have shelves because I have kitties that love to climb and they would be all over any shelves I put up, so I don't even bother.
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You can see the bed on the left hand side of the second picture and the desk is at the bottom left hand side that has my computer on it. When I need room for quilting I just move some stuff out of the way and pull the sewing table out. BTW, that's Merlin, my boy cat, photobombing in the second picture.