Hi,
I've been doing home recordings for about 15 years, and have recorded in a variety of studios (from analog dungeons to digital walls of computers.) Currently, I record digitally using a Tascam 2488, 24 track hard disc recorder, using a ton of analog front end to capture that warmth that can be lost recording digitally. Recording analog is great, but certainly has its limitations with editing, as well as maintenance of reel to reel equipment. Regardless, both methods have their advantages and disadvantages.
I start the recording process recording the drums with a scratch guitar track. Everything else is added to the recording once the drums tracks are recording properly. To me, the drums are essential to the overall progress of the recording...set the tempo, emphasis on chorus, bridge etc. If the drums sound like shit...I don't proceed! Panning is essential to overall drum track separation, allowing for the headroom for the bass, guitar, organ, vocals. I pan from the drummers persective...ie bass drum center...snare left, floor tom right..and so on. I highly recommend the book home recordings for dummies. Just because the info regarding panning and eq are rather useful later down the road.
Things I do:
Drum mics make a huge difference! kick -audix D6, audix i5 snare, sometimes a 57 underneath, senn 421 floor tom, don't really use rack toms, but if I do 57. And 2 overhead mics. Use some cheap Sampson pencil condensers pair on overheads, for trash effect I use a room mic--AT 4033. Cymbals are the most difficult thing to control. Drummer has to be consistent with hits, maintain consistency with striking cymbals and snare. Tune the drums!!!!
Double track vocals- two separate vocal takes...sometimes sung exactly the same, sometimes not.. panned center, or spread far left/ right, or sometimes in between
Double guitar tracks using two different guitars and/or amps. Even cheap amps can sound great. recommend mics: Sennheiser md421/ or shure 57 center cone or off axis
I'll add more later! Hope this helps! I'm certainly not a pro, but I'm always learning new techniques and getting better results. Most important... Remember to have fun.