How to get started
First measure the space you need for the pegboard. You can buy perforated hardboard in any hardware store. You'll have to saw the board to fit your space, often they'll do that for you at the hardware store if you ask them nicely. Make sure to finely sand the edges and the top of the pegboard before assembling it to the wall.
How to assemble the pegboard
Press with a pencil through the holes so that dots are left on the wall. The dots mark where you have to drill the holes. Left and right, top and bottom and one in the middle otherwise the pegboard will curl up a bit. Drill holes in the wall. Place tape (2) over the hole where the screw should be. Place small transparent doorstops (available at any hardware store) on the back of the pegboard and a screw with rivet on the front (1) of the pegboard. Screw all the screws and then remove the tape.
Finishing off the board
Sand the pegboard lightly and remove the dust with a cloth. Primer the pegboard well, sand again lightly and then paint the pegboard in any desired colour.
I've used S-hooks for hanging. There are so many fun things for sale at Dille & Kamille to hang on the pegboard. Such as flower pots, baskets for storing rope. But also, ladles, utensils and cute pans.
For instructions in Dutch, go to Dille & Kamille.
I'm not actually using the pegboard in my kitchen as there's no space. I would love it though as I'd be very Julia Child. I've set up a space in my basement studio for this photo and will use the pegboard for my crafting supplies instead. More on that soon.