When hanging pegboard, you want to make sure that the board is sitting 1/3" or so away from your wall so that the hooks, pegs, etc. can fit behind the board without damaging your wall. To do so, we put 7 washers on our screws to keep the board from the wall. You can also purchase little plastic spacers to go on your screws, but washers were a pretty cheap alternative. We also made sure to use wall anchors when hanging our pegboard, just to be safe and ensure that it can support weight
Organize Anything with Pegboard: 11 Ideas and Tips
Dress It Up - Most pegboard comes in two colors�boring white and boring brown. But it doesn't have to stay that way. Roll on a coat of primer followed by gloss or semigloss paint (glossy paints are easier to wipe clean). Apply light coats so you don't clog the holes. Then snazz it up with a frame. After we attached our pegboard to a 1x3 frame, we added corner blocks and trim with hot-melt glue�no fancy miter cuts or fasteners needed.