My wife and I are moving into an awesome 19th century farmhouse out in the country in June. The great thing about it is that it not only has tons of room for the three of us (she, the cat, and me), and that it has cheap rent, but that it has a huge room for an art studio over the garage. It also has several out buildings, one of which I hope to use to make some mosaics.
Those who are not artists have no idea what it is like trying to find a good studio space. It's really hard. You have to find something that is big enough, has enough lights (a basement will NOT do), is close enough so you can get there and paint when you want to, and is cheap enough. I have painted in a million different studios and locales, from factories, to garages, to rooms, to basements, but I honestly think that nothing is going to beat this!