Truth be told, even if I had the money and space for all the power tools I'd probably still build with files, rasps, planes, etc. I just like the hand working of the wood. It takes more attention to get the kind of precision you'd get with jigs and power tools, but for me it's much more fun. Besides, people have been building musical instruments a long time before Ben Franklin discovered electricity.
You can do anything, and work around any obstacle, as long as you love what you are doing enough to find a way.

I hear ya, hand tools fan here. I would highly recommend getting a drill press though. The one I have easily fits on a tabletop and wasn't too expensive. Straight holes I think can make or break a guitar, plus the drill press is so versatile. You can almost replace a router with it because you can rough out pickup cavities with it and then shape them further with a (SHARP) chisel. I even made a truss rod channel with my drill press set at the right depth and then cleaned the edges with a chisel. With hand tools, if you keep them good and sharp, take your time, and pay attention to what your doing, you'll do a better job than most people do with power tools. Heck I'm sure if you were clever enough you could make a jig to keep a drill motor upright and use that as your drill press! Take your time and do it right.
Ian

I got a Ryobi 9" table top. It's pretty nice and should store pretty nicely. So far I've only cut out my Plexiglass template for the top....but it seems to get the job done nicely! I'm having some trouble getting rid of the excess glue on my maple top. Sanding doesn't really seem to get it off. I read somewhere that you should use a jack plane to get that off...is that true! If anyone lives in South Florida and needs to borrow my band saw let me know. I feel your pain haha.