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Pegboard sheets come in various sizes, ours is 4' x 6'. The surrounding frame is made with 1x3 boards with one vertical board running through the center of the pegboard.
Locate and mark the studs in the wall. Use a stud finder or a hammer and nail to identify the studs.Paint the face side of the pegboard before it is installed onto the wall. Paint the pieces of the frame to match the pegboard.
Cut the pegboard to size using a circular saw and a guide. Cut the 1x3 frame wood to size using a circular saw.