The more money you pay in rent, utilities, and sales charges, the more profits you can make.
If you pay $1,500 for your new workshop, but then sell a $4,500,000 barn, you’ll make more than you paid in rent!
When you buy a new home, it takes about 10 years to build. After that, every dollar you spend will build your home, not a new house. Your investment (and your home) is yours forever.
What if I build something and it doesn’t sell, or break in 5 years?
For small projects, you can replace your tools and your equipment, even if they break in less than a year.
Do I need to buy a new tool set when I get a new piece of wood? Can I make my own tool set now?
The wood shop is a great place to learn to use a new tool. That’s not true for every project, since any two tools you buy can become interchangeable!
There are a number of DIY projects that require the use of only one tool – from small tools like screwdrivers and drills to larger tools like saws and chisels. You can always buy a new set at Home Depot, but it’s always a good idea to make a small batch of each one so that you are always running fresh tools.
If you don’t mind sacrificing some features, the shop can often make a really good set of saws, miter gauge rasps, or other tools.
If you need a new hammer, chisel, file, or hammer, or maybe an auger, you might be able to make a DIY set of them after you buy a kit of replacement tools.
What if my workshop is a home? Who gets to keep the tools?
This depends on the piece of wood.
If you buy a used piece of wood with no parts, it’s the homeowner’s responsibility to keep the tools out of your hands. This may include buying and maintaining them yourself.
If you buy a new piece of wood with all of the features of the original workhorse and you sell it, the homeowner will have the rights to its tools.
If the homeowner is an agent of the builder, they’ll also be responsible for keeping the tools out of their hands.
And of course, if the homeowner was making a small donation to the project, they may also be able to
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