Luthiery Laboratories

For a minimal woodworking workshop, I would say:

• hand drill & basic hand tools
• small drill press and accessories
• scroll saw or jigsaw or both
• belt sander, handheld or benchtop or both
• dremel & accessories ( or my little Harbor Freight Grinder )
• a big toolbox that you can fill with files, rasps, scrapers, sanders, drill bits, and everything else
• vacuum cleaner with a hose ( steal from wife )

None of these need to be expensive - Ryobi, Skil, and Black & Decker will do just fine. Even Harbor Freight, although I have doubts about the longevity of their power tools. The results you get depend a lot more on your skill with the tool than how much you paid for it.