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Both of my parents work from home and this is what they have technology wise:
1) Fax machine
2) Copier
3) Networked printer
4) Multiple telephone lines
Note, the first three could be combined in one of those all-in-one printer/copier/fax machines. The multiple telephone lines help keep business, business and personal life, personal.
As far as non-technical stuff goes:
1) Filing cabinets
2) A nice desk
3) A nice comfortable chair
4) CD Player / Radio
5) A window to look outside
6) Doors to close off the office from the rest of the house.
The doors to me are the most important part. If you can't close off the office you will always look at it and will always work.
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