Fix the power, the light, the floor, and the vertical storage, and you get back the most useful room on the property. It is also the one room where the return shows up in projects you stop paying somebody else to do.
Almost every garage I walk into has the same two problems. One bare fixture in the middle of the ceiling casting shadows exactly where you need to see, and a single fifteen amp circuit shared with the exterior outlets. Solve those and the room changes before you have moved a single tool.
After that it is the floor. Bare concrete dusts, stains, and stays cold. A properly prepped and coated floor is easier to sweep, easier to stand on, and reflects a surprising amount of light back into the room. The key word is prepped. Coatings fail because of what happened before the coating went down, not because of the coating.
Storage comes last, and it goes up the walls. Floor space is what you are trying to buy back, so anything that can live on a wall or overhead should.

Dedicated circuits, plenty of outlets at bench height, and 240 volt service where a compressor or welder is in the plan.
Layered overhead lighting plus task light at the bench, so you are never working in the shadow of your own shoulder.
Grinding, crack repair, moisture testing, and a coating chosen for the abuse the floor will actually take.
Wall systems, overhead racks, and cabinetry laid out so the tools you reach for daily are the easiest ones to grab.
Solid benches at the right height, with clear zones for assembly, finishing, and the messy work that needs its own corner.
Insulation, air sealing, and heating or ventilation so the space is usable in January and survivable in August.
Nobody does a garage all at once, and there is no reason to. But the order matters, because half of these have to happen before the walls get closed up or the floor gets coated.
Do it backwards and you will be pulling shelving off a wall to run a circuit you should have installed in the first phase. I have helped a lot of people undo that exact mistake.
Woodworking, wrenching, or just getting two cars back inside. What the space is for decides almost every other choice, so start there and the rest gets simple.