I just got into woodworking and think I have found a new, expensive yet VERY satisfying hobby.
I bought my house just about a year ago and that is what got me into woodworking. I don't have a garage so I can't really set up a woodshop, and my basement tends to collect about two inches of water in the middle of the basement floor when we get heavy rain. As a result, I can't really set up a big woodshop down there either. So I have to make do with some limited space and basic tools as my only entrance to the basement is the door inside the house.
I can still make some nice things though, and I think I'll be here a lot learning new techniques and better ways of doing things. Thus far, my tool supply consists of:
Basic Hand Saws.
Craftsman Cordless Drill.
B&D Jigsaw. (Really cheap and I should probably get a better one).
RIDGID Fixed Base and Plunge Router. (Need to get a router table for it).
Chicago Electric 10" Compound Miter Saw. (Cheap tool in both price and function. I plan to get a better Miter Saw with laser guides eventually).
RYOBI Circular Saw.
Small Air Compressor with nail gun and staple gun. (Could not live without this).
Bunch of clamps and squares and measuring devices.
One thing I can do is clear out the one side of my basement that doesn't get wet, put some protective sealent all over the place, upgrade the lighting and turn it into a small workshop. I need to get myself a Tabl Saw as I'm currently borrowing one from a friend, and eventually I plan on getting a Jointer, Band Saw, and maybe a Drill Press.
Below is a picture of my first project that is still in progress.