Pegboard has classically been considered a staple for tool organization, but now it has found its way from the garage into countless homes for its obvious utility and versatility. Although it has taken a back seat to more recent storage/organizing innovations, it is still a clever, simple, and inexpensive way to keep everything from tools to crafts to kitchen cookware to utensils in place. If you are low on floor space, the best idea is to go vertical, and pegboard storage is a great choice for this. Another benefit of pegboard storage is that it allows you to see everything in your collection at once.
Pegboard now comes in pre-finished colors, in thicknesses of 1/4″ and 1/8″, with a variety of reconfigurable hooks, and even mounting rails for support and framing options. You can even find plastic and metal variations. A standard piece of 4′ x 8′ pegboard retails for about $40 and you can pick up a 43-piece set of hanging hardware for under $12 at most home improvement stores. You can also purchase a starter pegboard organizer kit that comes with various hooks and accessories for hanging things. Other design options are to frame it with decorative molding, stencil it, or conceal it completely in a cabinet with doors.
Pegboard can be used in every room in the house that has a need for vertical storage, and the only limit is your imagination.