My two basement shops with a young family had several issues, as did a good friend with his shop. Noise is a huge problem, time to make noise strictly limited. Machines and dust equipment make a lot of noise, even chiselling was a problem. Think about some sound proofing in the ceiling. Nothing worse than a shop you can barely use.
My good friend was only allowed to use his lathe for 4 hours Sunday morning. He moved his shop to a barn; then was allowed to go every other Sunday.
We both have new shops and new wives.