I will agree that filling up the space with machines, etc., will help control reflections a whole bunch. But I assure you, I was totally astounded at the change when I put those acoustic tiles on my shop's ceiling and took that hard surface out of the picture. It was amazing. If I ever do another shop, such as if we downsize, I assuredly will do the same for that space, too, for the few hundred dollars it cost me to cover ~700 sq ft in the current space.
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The most expensive tool is the one you buy "cheaply" and often...