I'm not very handy with wood. My father on the other hand, definitely is. He is constantly buildings decks, ponds (not those "kits" that you buy, they are garbage) and tons of things. He will be the one really cutting the wood and so-forth. I will paint it, etc.
He has a couple drills, a jigsaw and circular saw, electric sander, and a router. He does not have a dremel but we could most likely use the circular saw instead.
I would buy a used cabinet, but I am a perfectionist (since I broke I definitely shouldn't be, huh). I want to build this so the end result is something to be extremely proud of. If it takes me a year of saving, then thats what it will take.
I was able to scrounge up $300 to start. I'm thinking about buying a TV (so I know dimensions to make the cabinet) and the controls themselves first.
The only thing I'm not sure of is the keyboard encoder. Should I get a KeyWiz or an I-PAC? 2 or 4 player? ...and if I want to add a trackball later on (and I will), what should I buy NOW so I save myself money down the road (meaning, should I get a 4-player IPAC instead of 2-player... does the trackball even use the IPAC?)