Four Designers Convert Small Homes Into Diamonds in the Rough

Style doesn't have to take up a lot of space -- which is a good thing considering a New York apartment, an Austin house, a New York studio and a Miami loft all have less than 1,000 square feet.

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Hide CaptionShow CaptionThe living room and guest rooms are open but divided by a wall for privacy. The TV is viewable from either room thanks to a swivel stand.

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Two college buddies share a 350-square-foot New York studio. A lot of imagination and organization go into fitting two people, their things and their lives into such a small space. A sense of humor helps, too. Luckily these guys are making the most of what they have. They love the studio's proximity to Central Park, and they have a place to hang out with pals. For these two friends, a nugget-sized place to call home is enough for now.