this post was submitted on 01 Dec 2023
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I'd say you'd also need a router.
Lowe's has got this Kobalt-brand router plus table for right around $200 that's surprisingly good for the money. That's the router, base, edge guide, table with fence and miter gauge, basically everything but bits.
A router is at the top of my list for "nice to have, adds a lot of value, but not absolutely necessary for basic projects" tools. I still don't have a router table after 6 years, just a Makita plunge router that I got for $100. Great tool, but not 100% necessary if you're just trying to make basic tables and such.
I would buy a router + table before I bought a miter saw, drill press, band saw, or even a jointer/planer.
Decorative edges and mouldings, mortises, dados, grooves, slots, rabbets, hinge mortises, hell all of the operations that go into panel doors. And you can use a router, especially in a table, as an edge jointer, so in a pinch you can get into making panels without buying a jointer. Routers are hella versatile.
I'd agree with router before a drill press, miter saw, bandsaw, and a jointer. However, for simple furniture projects, I'd argue a planer is the second most important tool behind a table saw. You can use a planer with a sled for face jointing, and a table saw sled for edge jointing. Yes, you need a router for edge profiles, but not for dead simple tables and cabinets.
Exceptionally versatile tool, and necessary to take you to the next level, but not more important than a planer.