I have 3 tool chests in the garage.
1) I have a tool chest and drawers for tools most commonly used on my motorcycle, plus a drawer dedicated to wiring and electrical.
2) A tool box that holds tools for home renos, like plumbing, drywall, etc., as well as my few welding supplies.
3) have a large tool box for everything else, screwdrivers, pliers, hammers, air-powered tool, power tools, cordless tools, bits, wire brushes, glasses, goggles, clamps, 1/2" drive assortment, and other misc items.
I like the wrenches on the wall because it's much easier to grab the one I need. Saws, hatchets and smaller pry bars and crow bars are also on the wall. When I bought my house the garage was just barn board covered in siding, so I insulated and covered the entire interior have 1/2" plywood. The plywood is to allow me to stick a screw or a bracket anywhere for hanging and storage. No pegboard needed. But that was before lumber got over-priced, and I was buying the new 4x8 sheets from a guy on Marketplace really cheap. I got all my insulation from Marketplace, too, from people doing renos that bought more than they needed, or where tearing down walls and bagged up the used insulation.
Welding helmets hang from a rafter. The bulk of my shovels, rakes, post hole diggers go in the rafters. Wheels, carburetors, Borg Warner/Muncie transmission and other parts for the car I hope to rebuild one day are in the rafters.
*I'm now realizing that I'm going beyond the scope of this thread, but I'm also finding it fun and therapeutic to write about so I'll continue
Of course, we all have the corners for leaning larger pry bars, axes, bucket of assorted chains, brooms, shovels and rakes.
This is all in the garage. My 4th cache is in the house where I keep an assortment of commonly needs tools for quick jobs. a few drivers, a couple power tools, pliers, precision set, etc..
Where I struggle is organizing hardware. I keep the small things sorted into jar hanging from the ceiling in the garage, but I have a large tote under my workbench that's full of random things for plumbing, door hardware, gate hardware, latches, dowels, lag bolts, and who nows what else. It's a pain to sift through, but I hate to throw any of it out because I know that if I did, I need it the next day or week.
I often day-dream about one of my neighbour's large cottonwoods falling over in a storm and taking out my garage, then building myself a much more suitable one with the insurance money.