Storage

Unpainted plywood wraps all around the living areas to give the interior "a warmth and texture that interacts beautifully with the external Blackbutt timber," says Jackson. "It has a robust , durable, and tactile quality that sits well with the internal concrete floors."

One end of the former gallery now hosts built-in storage, shelving, and a daybed.

IKEA's simple and modular designs can be personalized to suit your space.

Since the main living space has to function as both a bedroom and a family room, Krastev and Nikolova make do without a couch. When the family watches TV or reads, they cozy up on the bed or sit on the built-in bench, which also serves as a dining and play area. “When in a limited space, you have to really think: What do we do in this room, what do we need?” says Krastev. “Do we really need a coffee table?” In their case, the answer was no.

Photo caption: The base of the stairwell includes a hidden compartment to conveniently store shoes.