I've got my first very own space and I'm going to build a studio in it called Green Room Studio (gues what the color will be..). I'll keep you posted about the progress. Tips, questions and suggestions are always welcome.
Seriously though... How about a few more details? Like dimensions to start with!! Any isolation issues, what's on the other side of the walls/ceiling? What's the construction of the walls and ceiling? What type of "market" will you be aiming at, what type of sessions do you envisage? etc etc.
It won't be long on this site before people will start asking you for measurements. So, get yourself to REW - Room EQ Wizard Home Page and download a "free" (...yes free) copy of Room EQ wizard. Learn how to use it. Make your first measurements in your nice clean empty room as a reference.
If you only buy and read one book, make it Home Recording Studio- Build it like the pros, by Rod Gervais. It will sort out a lot of mistakes, before you make them, and raise a lot of questions that you probably hadn't thought to ask.
Ah yes! Details, my bad! The room is surrounded by two other rooms and the door is connected to a hallway. The surface is 9,6 meter by 4,06 meter. Height is 2,85 meters.
To keep buildingcosts to a minimal and the fact that I have to leave in 2015, I'll be divide the room with the use of two heavy theater curtains creating a 3 meter long recording booth. The control room will be treathed with Vicoustics panels.
I'm aiming at vocal recording/ADR, instrument recording and composing for media.