Sounds like a great start! Idk if your garage is already walled or the studs are exposed.. mine were originally exposed so I filled the gaps with batting and then put the pegboard over.
Putting in a drop ceiling with insulation makes a HUGE difference. Mine is unceilinged. My neighbors has the drop w insulation. 24 degree difference in temp on a hot hot day.
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'14 MB Nismo | Boost Lab 6870 1.32 AR 553 HP / 471 ft.-lbs.
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