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Corded drills are fairly cheap, so it pays to have one. If you're screwing down sub floor or hanging drywall, or using it as a drill, you'll want it. If you think you will ever need to drill concrete spend the few extra bucks and get one that's a hammer drill. Often you can find a corded drill at a garage sale with very little use on them.
For projects that are not so convenient to run an extension cord, the cordless are nice. Get a decent one, Millwaukee, Bosch or Dewalt. Sometimes they will come with a cordless driver as well, which are handy.
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