For those of you lucky enough to live close to CA Boom II I hope you had a chance to check out the Modern Shed by Grey Design. It is a very well designed shed/studio that makes that small back yard addition a reality. The 120 sqft studio is priced at just over $10,000 before shipping. While that is not pocket change, it does work out to around $90 a sqft. Shipping I am sure is not cheap, but it could prove to be a great solution for those who need a small addition and are handy with a hammer. According to their website, it can be assembled by two people with basic building skills and very few tools over a weekend. I personally love the look of the materials that they use.
Thanks to MoCo Loco for the tip.