Thats about $50 worth of stuff you don't off that list. stuFf you will need are things tbar sanding blocks, ceiling tile, flat building surface, wood glue, drill center locator, 3' straight edge, masking tape-good quaility, sand paper, EZ connecters, engine mounting hardware, fuel filter, radio, engine, support equipment, fuel. $500.00 is a good starting point for getting into this hobby and you can go from there.