I'll just agree with several other responders - pick a project or 2 to
start, and buy good-quality tools as you need them. You'll get a
better idea what you need as you go, and if you have a certain budget
to start with, you'll find a bunch of little things you need that
aren't on your list like clamps, hand tools, measuring tools, dust
collection + accessories, glue, finish, wood, more books, etc.
Also, like many others have said, keep an eye out for used stuff at
auctions, garage sales, craigslist, ebay (bid with caution and
One of my first priorities would be to look for a real hardwood dealer
(not a borg or local hardware store). Unless you're starting with
really large projects, you can get your lumber S2S or S4S at moderate
additional cost - even at $.50/bd ft, it would take a lot of wood to
pay for a brand new high-end jointer+planer.
Given all that, I'll toss in my list of handy and multi-purpose tools I
probably use most: Dewalt Router (1/2 shank, vari speed, plunge + fixed
base) and homemade router table, cheap 10" bandsaw, really old but nice
Atlas drill press, Bosch jigsaw, old Skil handheld circ saw, Steve
Knight hand planes, and Dewalt handheld drill. I think the jigsaw and
bandsaw are the only things I paid list price for - the other stuff was
inherited from relatives or bought cheap through Amazon
reconditioned/ebay, etc. I don't have room for a TS right now, but a
handheld circ saw can be used quite accurately for cutting sheet goods
and crosscutting, if you get/make appropriate jigs.
Other less-major tools that have been unexpectedly handy are a
"Preppin' Weapon" sanding block, 4" graduated engineer's square, a
Duluth Trading shop apron, a 10' tape measure, and of course a
selection of clamps.
Good luck and have fun - try not to jump too far down the slippery
slope all at once,