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Basic tool shop Inventory -What does a shop cost?

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Forum topic by Bob #2 posted 11-11-2007 02:57 PM 2650 views 0 times favorited 18 replies Add to Favorites Watch
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Bob #2

3810 posts in 4224 days


11-11-2007 02:57 PM

Topic tags/keywords: shop costs tool inventory getting started

Recently we have had some discussion of both the quality of wood tools but also the range of cost related to them.
I ran across this article that looks at the basic set of tools to get a project out of a shop.

The figure might surprise many of you.

Let us not forget that this is really a skilled tradesmans field and that many of the tools built for this craft are built with the tradesman in mind.

So my question is :
How close is your shop budget to this example?


There is a Zip file(spreadsheet) at the bottom of the page that you can download and insert your tools and prices in to get your total expenditure.
http://benchmark.20m.com/workshop/ShopToolInventory/MinimumShopConsist.zip

Cheers
Bob

-- A mind, like a home, is furnished by its owner


18 replies so far

View Thos. Angle's profile

Thos. Angle

4444 posts in 4165 days


#1 posted 11-11-2007 04:48 PM

I need to do an inventory just to know what is out there.

-- Thos. Angle, Jordan Valley, Oregon

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Bob #2

3810 posts in 4224 days


#2 posted 11-11-2007 04:52 PM

Me too Thom, but scared the missus might see it! <g>

Bob

-- A mind, like a home, is furnished by its owner

View Peter Oxley's profile

Peter Oxley

1426 posts in 4077 days


#3 posted 11-11-2007 05:12 PM

I know my costs are way higher than that!

-- http://www.peteroxley.com/woodworking -- http://north40studios.etsy.com --

View mot's profile

mot

4922 posts in 4239 days


#4 posted 11-11-2007 05:31 PM

I’m terrified to look, but I did. I’m probably in for close to 5X that…oops, forgot about Festool…6X that…ooops, forgot about the Nova and turning stuff….7X that….oh, I’m not playing anymore.

-- You can discover more about a person in an hour of play than in a year of conversation. (Plato)

View Karson's profile

Karson

35149 posts in 4603 days


#5 posted 11-11-2007 05:57 PM

So what happens when you have 5 routers, two table saws, two jointers, three planers, two drill presses, two 10” deep drawers filled with router bits. And, many multiple sets of wrenches, screwdrivers, chisles.

Yah I think I’m in that range. LOL

-- I've been blessed with a father who liked to tinker in wood, and a wife who lets me tinker in wood. Appomattox Virginia karsonwm@gmail.com †

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mot

4922 posts in 4239 days


#6 posted 11-11-2007 06:01 PM

That’s what I’m talking about, Karson. I spent 5K on the shop in one week last March. If I’m out of that range, you’re WAY out! At least your shop produces something though. Mine is my fortress of solitude.

-- You can discover more about a person in an hour of play than in a year of conversation. (Plato)

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Bob #2

3810 posts in 4224 days


#7 posted 11-11-2007 06:02 PM

I started customizing list for my wood stuff and I am at $13,000.00 after about 10 minutes!
I have about a good 1-/12 hours to go.
Figure I might as well list it out for insurance purposes.
I wouldn’t be a bad idea to get serial nos too in case of a theft.

EEEEK!

Bob

-- A mind, like a home, is furnished by its owner

View gizmodyne's profile

gizmodyne

1780 posts in 4293 days


#8 posted 11-11-2007 06:33 PM

They forgot to add 40 cans of finish at 10 bucks a pop.

-- -John "Do I have to keep typing a smiley? Just assume it's a joke."

View Russel's profile

Russel

2199 posts in 4142 days


#9 posted 11-11-2007 06:36 PM

My shop is very budget oriented, yet I’m at least double what’s listed there. Also, I might question what’s listed as “requirements” since I’m not sure a dovetail jig is a requirement; useful, probably; required, I don’t think so. My mortising machine gets a lot more work than my dovetail jig, though I didn’t see that on the list. Methinks, minimum is more defined by what you do.

-- Working at Woodworking http://www.VillageLaneFurniture.com

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gizmodyne

1780 posts in 4293 days


#10 posted 11-11-2007 06:42 PM

Agreed Russel. Panel bits are not a requirement in my opinion.

I think limiting to the 5k shop is an interesting exercise, but not realistic.

I would never advise someone who is setting up a shop to buy it all at once. Better to have it evolve with needs and knowledge. Don’t you think?

-- -John "Do I have to keep typing a smiley? Just assume it's a joke."

View Bob #2's profile

Bob #2

3810 posts in 4224 days


#11 posted 11-11-2007 06:44 PM

Hi Russell:

I can’t comment on the original list as it was the “authors choice” but I was hoping that each of us could develop our own lists and perhaps collaborate on a sample list here for newbies.

That’s why I included a link to the spreadsheet so knock yourself out and let us know your “personal total”

Bob

-- A mind, like a home, is furnished by its owner

View Russel's profile

Russel

2199 posts in 4142 days


#12 posted 11-11-2007 06:47 PM

I’m in no position to recommend, still just starting, but I know I have a hard time justifying buying a tool until I have a use for it. My inventory has evolved over that last few years and I’m pleased to say that there are only a couple tools that I’m sorry I bought.

Also, not buying until I need makes things a lot easier with the Mrs.

-- Working at Woodworking http://www.VillageLaneFurniture.com

View Russel's profile

Russel

2199 posts in 4142 days


#13 posted 11-11-2007 06:58 PM

Hey Bob #2 (my that just sounds formal),

My first real woodworking was building kitchen cabinets. For this project, I had:

1. Table saw
2. Jig saw
3. Fixed based router with 1/4” straight cut bit and 3/8” roundover bit
4. 18 gauge brad nailer
5. Random Orbit Sander
6. Biscuit Joiner
7. 3 36” bar clamps
8. 10” miter saw
9. 18v cordless drill

That came out to around $700 (yeah I bought cheap). Still that collection serve me well while I was learning to do things. Since then I’ve upgraded my table saw and added a drill press, mortising machine, planer, jointer, drum sander, a few more routers and drills and nail guns. Then of course maintaining an collection of sandpaper, stains, finishes and all sort of little stuff.

Looking at things, it rather amazing how much my shop has evolved.

-- Working at Woodworking http://www.VillageLaneFurniture.com

View dennis mitchell's profile

dennis mitchell

3994 posts in 4517 days


#14 posted 11-11-2007 07:52 PM

Ya…but how much is a serious skiing hobby. Heck I’ve seen some gardeners get out there to. And those hunters with their RV’s and trips to Alaska. I can pay for my woodworking with just what I use to pay for cigarettes. I guess $5,000.00 just dosn’t amount to that much any more.

View Todd A. Clippinger's profile

Todd A. Clippinger

8901 posts in 4302 days


#15 posted 11-11-2007 11:54 PM

I have about $40,000 in tools. It is not just what you see in the shop, but what is in my truck too. That does not include the truck or the shop structure or any heavy equipment. I don’t have any heavy equipment, but that total includes ladders, hammer drills, and things that would not be considered woodworking.

My numbers come from tracking my purchases as a business. It is amazing how fast it adds up. I did an inventory of the tools in my tool belt alone, and I wear over $700 in tool belt and hand tools. (My tool belt taps 20# on a weight scale.)

A good leather tool belt that has lasted many years and is still going strong costs $130. When you break it down it comes to about $10 a year so far. This goes to the blog about cheap versus expensive.

-- Todd A. Clippinger, Montana, http://americancraftsmanworkshop.com

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