I've had my Craftsman 1hp/13 gallon compressor for over 20 yeras and it still works perfectly.
I use it for the type of light work you describe. I also have a larger one as I wanted to expand on the usefuleness of pneumatic tools.
For $149 you can get a 1hp/7 gallon from sears.....and it's not an oiless type. I'd recommend going with an oil/piston type unit.
For $399 you can get a nice 6 hp/25 gallon
