buy the tools you need as you need them, in time you will have what you really need for your operation,
what I think is important may not be some thing you will ever used, (like the one person said bent nose needle nose pliers),
I have a pair, but have only used once in about 20 years, and they did not work for what I thought I needed them for and have never felt the need to use them again,
and I have more tools than the average person,
besides the average home owners tools, wrenches, saws, hammers, and I would think a post hole digger, mower/tractor/loader, possibly a chain saw, trailer,
but again it all depends on what your wanting to do on your place, and how big it is,
many a modem homestead is not much more than a house on a large lot,
but if yours is over a few acres, and one wants animals and large garden, the needs will be much different than some one mowing the back yard,
do plan on building, or are there buildings to repair, what is your plan and what are your goals,
I am guessing if your asking about tools, that the planing stage is very limited on your part,
rather than general tools,
ask questions like what tools do I need to build a barbed wire fence.
or
I want to put a post frame building for a barn, what will I need,
or
I will have 40 acres to cut the brush out of to improve it for pasture, what or how should I go about this,
or
I will have a garden about 43,560 square feet in size, (and acre), and plan on sweet corn, and vegetables, and watermelons, what type of tools would make life easier, tractor? tillage tools? planting tools,
or the question above could be for a 300 square foot garden?
so a little more of the plan and the area, and what your dealing with would help in getting a better answer,
(the way your question is asked, it is some what like I want to go from New York to California, what kind of car or truck do I need?) no indication of the number of people, or that you may want to haul some thing along the way, or if you want luxury or the bare minimum. in the way of transportation),