Don't drill into your ceiling, but hang a heavy bag. Don't drill into your floor, but hang a double end bag. And in some cases, throw in a speed bag as well.
Make sure you have the available room for the footprint of the stand. Check that the stand you select is rated for the weight bag you plan to use.
You will typically have to purchase the heavy bag and speed bag separately. You may want to pickup some weights locally to place on the corners of the stand for increased stability.