There are some that are better for recording vocals, guitars, drums, etc. Check with your local music store and they should be able to set you up properly. Let them know exactly what you want to record. For our purposes we will assume that you are setting up a studio in a single room. Not many of us can afford the luxury of separate rooms for the musician's and one for the recording gear.
Acoustics is always an issue.
This means keeping the sound from bouncing off every object in the room including the walls and ceiling. One trick for the ceiling is canvas. You can hang canvas from the ceiling which can always be removed later. The addition of these items is good. Microphone placement is key to achieving the desired effect.