Can you think of any other place in your small space that offers the square footage of empty space that lies under your mattress? Probably not, so it's time to get rid of that low platform bed and exchange it for one with some serious storage capabilities. Invest in some under the bed storage bins and stow away your gift wrapping supplies, record collection and seasonal clothes. Or better yet, have some suitcases that are taking up precious space? Store items in those and slide them out of sight. You could even take it a step further and buy a bed frame with drawers built into it.