Any handyman knows it’s important to keep tools well-organized and accessible. Pegboards are a mainstay of garage and basement workshops (and convenient to boot) but there's a catch. Metal tools left hanging a damp basement are just asking for rust. When storing tools in the open, first protect them with a coat of machine oil to repel moisture. Otherwise, keep your wrenches, hammers, and drivers locked up in the toolbox where they'll be protected from the elements.