Putting two subs in a console/entertainment center doesn't sound like a good idea to me (and it would have to be very large to house any decent sized subs). I will build something to house all my electronics one of these days, maybe sometime this winter (no particular direction to point you at except to search the net for diy versions).
You might try and download
RoomEQ Wizard and play with the room simulator (you don't need a measurment mic for that) for sub placement. If you seriously have no other spaces in the room for the subs except the console/stand up front then never mind, but keep in mind subs will more tell you where they will work best than the other way around. Also if you haven't heard about the sub crawl, look that up, too.
I'm of the opinion almost all speakers need subs, most "full range" speakers aren't, especially on a budget. Which speaker build did you settle on? You can use good quality plywood like baltic birch instead of MDF; I built all my subs and a pair of speakers with it, didn't want the mess or weight of mdf myself and gives you a staining option for a finish, will use it for the stand/center, too.