While that drill is OK for a beginner DIY, but it really is their bottom of the barrel offering and is coming up on 10 years old. You usually are better off buy a drill and impact kit, 2 tools for nearly the same price. With a little patience, there is always a deal out there where you could get a better drill, impact driver, and better batteries for ~$149.

If you are set on that drill, that is fine too, it will work. As for drill/driver bit sets, this is a good basic set that includes everything you should need. It is NOT impact rated, so if you decide to wait a search for a drill/impact kit, you should go for an impact rated bit set.