I think you need to start off with what you Don't need... Look around your house/apartment and see how much space you have. Do you have room for both a changing table and a crib? A crib and a cradle (or co-sleeper next to the bed)? Do you have a dresser or some place for the baby's clothes and things?
Are you going to co-sleep? If so, then you won't need a crib right away, unless you don't have room for both a crib & a changing table...
Cloth or disposable diapers?
Do you have any outfits/onsies for the baby? Would you prefer gowns, one piece sleepers, or t-shirts for your newborn?
Will you want to use a sling? Stroller? Both?
Will you want a swing or bouncy seat to keep the baby occupied? (or if you have room?)
You'll need some sort of diaper bag to carry diapers... although this could be something like a beach bag or tote instead of the classic "baby" looking bag...
Are you going to breastfeed or formula feed? You may need "stuff" for either... (breast pads, nursing bras, maybe some nursing tops... vs bottles, nipples, formula)
I'm sure I'm forgetting some things, but you get the idea.

lol
I have very little room, so I got a crib, moved some of my boys' clothes out of the dresser and onto shelves in the closet and put baby clothes in those drawers closest to the crib. I like onsies (it's going to be HOT here when I have this baby), and one piece sleepers for night time. I prefer little socks to bare feet, as my babies tend to have cold toes. lol I have a basket for diapers, wipes, powder, & diaper cream on top of the dresser right next to the crib (easy access). The diaper bag (a Sally Spicer tote) sits on a bench in our front entry, and the folded up stroller is right next to it so it's easy to get out the front door. The diaper bag has my sling, a smaller bag for diapers, a ziploc for wipes, a small sized corn-starch powder, and sample sized diaper cream. I'm going to be breastfeeding, so I have nursing pads (LANA wool ones~ soooo comfortable), nursing bras, and some nursing tops for when I'm out & about. I have a swing & bouncy seat also, so we'll see which (if either) one the baby likes. Whichever he doesn't like will go back into the attic 'cause I really don't have room in the den for both.
