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Forum topic by Madmark2 posted 12-24-2019 02:43 PM 1669 views 0 times favorited 52 replies Add to Favorites Watch
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Madmark2

1630 posts in 1442 days


12-24-2019 02:43 PM

Topic tags/keywords: shop cost tool cost expenses tools money hobby

Just posted my new shop and that got me thinking about just what I’ve spent on this pernicious hobby of ours and this is what I’ve come up with (not counting anything under $20) Anything ‘existing’ was on hand from the old shop. All the rest is new since March 2019. The prices are current and include shipping (where appropriate) but not tax. YMMV

Forever Shop:
Grizzly G0738 Air cleaner – $220
Grizzly T28613 pole fan – $185
Grizzly T28608 floor fan – $85
Grizzly G0833P Table saw with ZCI and Freud LU83 blade – $1275 + $40 + $60
Incra 32” LS-III Fence – $400
Incra M1000 miter gauge (existing) – $130
Incra R saw wing router table – $275
Milwaukee 5625-20 3-1/2 hp VS router (existing) – $330
Asstd profile 1/4” & 1/2” carbide router bits (existing) – $400
Porter-Cable 3807 chop saw (existing) – $575
Ryobi CSB125 7-1/4” Circular saw – $50
20V LiOn drill – $70
Ryobi Corded drill – $50
Ryobi biscuit joiner – $80
Wixey Digital angle gauge – $30
Igauge Digital height indicator – $60
Wixey Digital planer indicator – $65
8” digital caliper – $20
Incra rules (4) – $120
Craftsman scroll saw (existing) – $150
Black & Decker Portable scroll saw (existing) – $45
Skill 3320-01 Benchtop drill press (existing) – $120
12 Roman Carbide Forstner bits, metal tap & drill set, wood Brad point HSS set, masonry bit set, 50 pc mini bit bulk pack, 100 pc homeowners drill bit kit (existing) – $250 total (est)
Ridgid EB4424 OSS/Belt sander – $250
Porter-Cable 382 5” ROS – $50
Ryobi RS290G 5” ROS – $50
Grizzly G0583 1 micron Dust Collector & fittings / hose – $500 + $100
Wen 3421 8” x 12” VS Lathe, Nova 4” chuck, 3 pc replaceable bit carbide chisel set – $275, $100, $150
Grizzly G0889 13” Planer w/headlock & collection bag – $460
Ryobi BS904G 9” Band saw – $170
Porter-Cable C2002 6 gal / 150 psi pancake air compressor (existing) – $100
Porter-Cable TS056 Pneumatic 18-Gauge 3/8 in. Crown Stapler – $50
Grizzly 18k rpm Air drill – $20
Grizzly Sm & Lg HVLP sprayers, hose, fittings and water filter – $60, $40, $20, $20
Popup paint booth – $40
Mechanics stool – $35
Floor mats – $100
45 asstd clamps – $650 (est.)

All this totals to ten grand ($10,000) or so! It sure adds up in a hurry. Now I just need to keep this away from the wife!

How much was in YER wallet? Arrr, me mateys!

M

-- The hump with the stump and the pump!


52 replies so far

View Craftsman on the lake's profile

Craftsman on the lake

3468 posts in 4291 days


#1 posted 12-24-2019 03:19 PM

Well, I’ve got a bunch of stuff too. I’ve never added it up but I’m sure it’s right up there. Heck the Sawstop alone was 1/3 of your cost for me… close to three grand. But, a lot of my tools have been collected over many many years. I’ve still got my band saw, drill press, jointer, and belt sander (all craftsman) from the mid to late 70’s. They’re still hard working heavy cast iron beasts.
So, the cost is spread out. You know when you’ve got a lot when you begin wondering how you can better arrange stuff so that the shop doesn’t close in on you for space.

-- The smell of wood, coffee in the cup, the wife let's me do my thing, the lake is peaceful.

View JackDuren's profile

JackDuren

1324 posts in 1813 days


#2 posted 12-24-2019 03:26 PM

That’s nothing try hobby fishin. Bass boats $30- $50k…. that’s expensive hobby

View JackDuren's profile

JackDuren

1324 posts in 1813 days


#3 posted 12-24-2019 03:35 PM

I always wrote the big stuff off but never did the small stuff. Smaller stuff eats the pocket worse I think…

View splintergroup's profile

splintergroup

4007 posts in 2076 days


#4 posted 12-24-2019 04:03 PM

Ya gotta pay to play 8^)

It’s a hobby when all is said and done, at least you get both enjoyment and something to show for it (unlike golf where your main take is a score card)

View SMP's profile

SMP

2481 posts in 759 days


#5 posted 12-24-2019 04:23 PM

I’d hate to add it up all over the past 30 years. But a lot of my tool purchases were “instead of paying someone else to do something for the house I am going to buy the tools and do it myself” kind of purchases. So my initial purchases of the tools actually saved me money and now I have them to use on my hobby or home repairs.

View toyguy's profile

toyguy

1736 posts in 4691 days


#6 posted 12-24-2019 04:26 PM

My biggest fear is that when I die my wife is going to sell everything for what I told her I paid for it.

-- Brian, Ontario Canada,

View MrRon's profile

MrRon

5934 posts in 4097 days


#7 posted 12-24-2019 04:33 PM

I have pretty much the same stuff you have plus a big metal lathe, milling machine, metal cutting bandsaw, carbide grinder and 2 bench grinders. The tooling for the lathe and mill alone runs into the thousands. I also have around $2000 worth of precision measuring tools, all good stuff, like Starrett, Mitutoyo, Brown and Sharp, etc. On top of all that, I have a complete saw sharpening shop that I no longer use. I totaled it all up at one time and it came out to around $35000 replacement cost.

My son shares my shop and with his 4 welding machines , compressor and Snap-on cabinets and tools amounts to around $15000. Between the 2 of us, we can make just about anything. We do side jobs now and then, but mostly it is a hobby with us. My 1200 sqft shop is getting small.

View Madmark2's profile

Madmark2

1630 posts in 1442 days


#8 posted 12-24-2019 04:41 PM

Do we all have replacement cost insurance? All that dry sawdust makes a great fire risk. Will declaring the shop increase my homeowners ins rate? Anyone here an ins agent IRL? Enquiring minds want to know!

M

-- The hump with the stump and the pump!

View Davevand's profile

Davevand

191 posts in 1690 days


#9 posted 12-24-2019 04:50 PM

Yes, check you insurance, most likely you will not have enough insurance to cover all your tools. I keep an inventory in Excel with costs and pictures just in case. My total for just my little shop exceeds $40k. I added extra insurance to my homeowners to cover these, it only costs a few dollars a year.

View Andre's profile

Andre

3701 posts in 2660 days


#10 posted 12-24-2019 05:13 PM

Around here it is the Wood that is make my hobby very expensive, and every time I look at some of the tool prices now I am sure happy that I have most of what I need? Now most times it is wants not needs:)

My biggest fear is that when I die my wife is going to sell everything for what I told her I paid for it. and that she thinks all that wood is for the fireplace!

-- Lifting one end of the plank.

View JackDuren's profile

JackDuren

1324 posts in 1813 days


#11 posted 12-24-2019 05:29 PM



Do we all have replacement cost insurance? All that dry sawdust makes a great fire risk. Will declaring the shop increase my homeowners ins rate? Anyone here an ins agent IRL? Enquiring minds want to know!

M

- Madmark2


Mines covered bease I used it as abusiness

View controlfreak's profile

controlfreak

1238 posts in 455 days


#12 posted 12-24-2019 06:11 PM

I find myself buying a few little things each week or two just because it can fly under the radar but it all adds up. My start was the $7500 building and than I had to fill it.
Table saw
Router,
jointer
planer
drill press
bandsaw
hand tools and more hand tools
power to the shop
heater
AC in the spring and so it goes.

View accord's profile

accord

40 posts in 377 days


#13 posted 12-24-2019 06:14 PM

it doesn’t take long to add up…last year ifigured out at least close to what i had in tools…wood working and mechanic tools ,,,best I can add up is around 8 K or so… and I still “need ” more stuff….lol

View pottz's profile

pottz

11305 posts in 1838 days


#14 posted 12-24-2019 06:16 PM

i dont look at or worry about the cost of all the tools i have as they have all been paid for many times over in the home construction,furniture and other things made form wood ive done.as far as insurance i joke about wishing the shop would burn down and i could buy even better stuff,im heavily insured.wife used to work in the industry so she handles that stuff.

-- working with my hands is a joy,it gives me a sense of fulfillment,somthing so many seek and so few find.-SAM MALOOF.

View Kelly's profile

Kelly

3128 posts in 3798 days


#15 posted 12-24-2019 06:34 PM

Long winded food for thought:

I do look at the cost of tools. The replacement cost would pay for a nice, top line SUV, and my retirement budget isn’t going to allow much in the way of replacement.

When considering replacement cost, I’d have to figure in:

ACCESSORIES: Table saw cross cut sled, bandsaw log slab sled, bandsaw circle cutting jig, tenon jig, Incra Box Jig, router oval cutter, lathe knives, . . .

ASSEMBLY TOOLS: Biscuit machine, pin, siding, framing and brad nailers, manual and pneumatic staplers, diamond point window and picture fame tools and impact guns. Of course, there is the wall of clamps in every style to hold things until the glue sets.

BITS, BLADES, AND EXPENDABLES: The tools mentioned here use blades and bits by the score. Too, there are boxes upon boxes of sandpaper and belts that price in the hundreds. . . . .

CARVING and DETAILING TOOLS: Foredom flex shaft and a Ram 40k rotary carver, round, square and specialty rasps, variable temperature wood burner and tips, chisels, carving knives and gouges. . . .

DUST COLLECTION: Two three horse, four three dust collectors, one HF unit, various pipes, hoses and gates, an auto start module and a Super Dust Deputy. . . .

ELECTRICAL-ELECTRONIC: Sometimes, a project or repair calls for some electrical or electronics work, so there are heat controlled irons, Fluke multimeters, capacitance meter, voltage testers, crimpers and so on.

FINISHING: Commercial Spraytech airless, Accuspray HVLP, Capspray four stage HVLP and various guns and tips, air brush and compressor, Purdy and Wooster brushes, painter poles, stains, 4000 PSI pressure washer, dies, waxes, compounds, . . . .

GENERAL TOOLS and EQUIPMENT: Drill press, numerous hand drills, corded and cordless, . . . .

LAYOUT TOOLS: Squares, center finders, manual and digital and dial calipers and angle finders, rulers, measuring tapes, yard sticks, various specialty tools (e.g., dado, table saw and lathe set up tools), negative and positive angle templates, 1/4” to 10” lettering templates, opaque projectors and a laser copier. . . .

METAL WORKING: My metal working world is small and only includes a Dewalt handheld metal bandsaw mounted on a specialty table, a carbide metal cutoff saw. . . .

SHARPENING: File and pocket or kitchen knife sharpening jigs, lathe knife jig for the grinder, diamond plates, slip and water stones. . . .

WOODWORKING TOOLS and EQUIPMENT: PM and Rikon bandsaws, Delta table saw, long bed 8” spiral jointer, Delta lunch box planer, Jet spindle, PM belt and FlatMaster, and 1”x42” Delta sanders, miters, lathes large and small, buff station, grinding station, ten routers, some a carving machine, a router table, a Router Crafter, or the over-arm pin router, and a Hegner, and several belt, disk and sheet sanders, belt, disk and pad sanders and sander-polishers . . . .

SPECIALTY TOOLS: Fret, coping, flush cut, hack and rip and crosscut saws., ph meter, moisture meter, metal detector, RPM meter. . . .

Just like when figuring home owners insurance, people, regularly, underestimate what it would cost to replace all the little stuff. A couple decades back, an adjuster for an insurance company pointed out the average kitchen would cost $10,000.00 or more to replace.

So too it goes with our shops. We tend to focus on the big stuff and ignore little stuff, which can add up to thousands. The estimate for replacing the contents of my shop represents around fifty years of collecting and doesn’t even touch things like roll around carts

Like Davevand, I try to keep an inventory. Not just for insurance, but so my lovely would not get taken selling things in the event I was not around. Reasonable second hand prices would buy her an upgrade to our car or truck or send her on a long, much deserved vacation.

I’m putting together a binder with photos and retail prices. Where applicable, I’ll add notes pointing out, for example, the accessories or boxes of Festool hook and loop sanding sell for in the hundreds, so are as important as the Festool, which would sell fairly quickly at two thirds the retail.

You know some ass would:

- go for the gloat deal on the digital Mitutoyo calipers and offer her three bucks for them. Without solid information, the other digital angle finders, templates, rulers, tapes, calipers, self leveling lasers, Starett and Brown & Sharpe mics, one-two-three blocks and so on would not fare any better.

- offer five hundred for the old, used table saw with a few nicks in the table [which includes Grizzly tenon maker, Incra Box Making Jig, the kick up-down roller outfeed, with a Merlin Splitter and a Excalibur over-arm guard and dust collection, assorted blades, throat plates, feed equipment, etc. He wouldn’t mention replacement cost is from around the original price ($1,500.00) to ($4,500.00) for the current, left tilt, 3hp cabinet version with a 60” Unifence and after market jig fence.

- point out he only paid around a hundred bucks for his Porter Cable sander, so $20.00 for the Festool Rotex should be fair game, if she throws in the steel Dust Deputy and hose..

- Offer fifty bucks for the commercial airless, four stage Capsrayer, or the Accusprayer.

. . . .

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