Must-Have Tools for New Homeowners

toolsMost new homeowners previously lived in an apartment and surely acquired some basic tools.  But owning a home brings with it numerous new opportunities for do-it-yourselfers that previously were done by the apartment maintenance guy.  Below is my personal checklist for spending your money at Home Depot to outfit your new home.  Warning, the costs add up pretty quickly so get the items you can afford and be prepared for a new trip to the hardware store with each new project to add to the collection.

High Priority Items

  • Screwdrivers – small and large size for each type (regular, phillips)
  • Hammers – 2 sizes
  • Cordless drill + drill bit set (titanium)
  • Crescent (adjustable) wrenches – 2 sizes
  • Allen wrench set
  • Plyers – 2 sizes
  • Wire cutters
  • Utility knife
  • Small level
  • 30-35’ measuring tape
  • 3-prong extension cords (10’, 50’)
  • Ladders – 6’ fiberglass and 2′ step
  • WD-40 spray lubricant
  • Fire extinguisher – 1 for each floor
  • Tool bag

Medium Priority Items

  • Voltage detector
  • Cordless circular saw (or powered one if you’re serious)
  • Channel lock pliers
  • Needle nose pliers
  • Hand saw
  • Wood rasp
  • Metal file
  • Socket wrench set
  • Putty knife
  • Ratchet screwdriver with multi-bit set (the alternatives to regular and phillips)
  • Wire stripper
  • Stud finder
  • Small pry bar
  • Silicon spray lubricant
  • Electrical tape
  • Teflon tape

Yard Tools (priority depends on personal situation)

  • Lawn mower
  • Water hose and spray nozzle
  • Sharpshooter shovel
  • Hand shovel

Author: Gordon Daugherty

Gordon Daugherty is a best-selling author, seasoned business executive, entrepreneur, startup advisor and investor. He has made more than 200 investments in early-stage companies and has been involved with raising more than $80 million in growth and venture capital. From his 28-year career in high tech, Gordon has both an IPO and a $200-million acquisition exit under his belt. Now, as co-founder and president of Austin’s Capital Factory and as author of the book “Startup Success”, Gordon spends 100 percent of his time educating, advising, and investing in startups.

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