Yep, my biggest cost was the B&D Router - it's fantastic.
I first tried to route using my Dremel + router attachment. Killed it. And it cost more to repair than replace.
So, replaced that with a cheapo Maplin dremel-esq thing. OK, but nowhere NEAR as good as the Dremel.
Then bought a dirt cheap plunge router from Evil Bay... the thing was just sooo wrong... turned it on, it started flying around at about a million rpm, sparks started to fly out of the back of it. I was genuinely scared.
Then the B&D and all was fine.
TBH I have a lot of other stuff, a decent drill etc.
If I were to do it again, I would invest in:
1. A decent work bench. The B&D Workmate just doesn't cut it.
2. A drill press. It's impossible to drill in a straight line without one.
3. A band saw. I know, really expensive. But a jigsaw is RUBBISH and painfully slow. Also, I can't see how I could make a neck without a band saw and a straight cutting line...
I think that it's possible to do a lot with few tools if you're prepared to ignore some pretty fundamental safety guidlines...
Mark.