25 Inexpensive Tools Every Homeowner Needs to Own

Whether you’re an expert in DIY or have absolutely no clue about home repairs, having a tool set at home is a necessity and finding the right inexpensive tools you need is essential!

If you’re a homeowner without a toolkit, this list should help you decide which tools to add to your home repair kit. Not only are these tools available at inexpensive prices, they’re practically essential to have around the house.

Ever since I started to take DIY and crafting seriously, my tools became an essential part of my projects. You can’t turn out great projects if you don’t have the right tools!

I’m always excited to add new tools as I move forward with my DIY projects and compiled a list of everything that’s important and every homeowner, DIYer, and crafter should own. 

Here are 25 inexpensive tools that should be included in every home owner’s toolbox. 

1 – Hammer

Used to pound and pull out nails, tap things into place, or even in some crowbar action, the hammer is one of the essential inexpensive tools every homeowner should own. We have owned so many hammers and finally decided to purchase a few different shapes and weights for various projects. I learned that having one hammer just didn’t cut it! 

2 – Nail Set

A nail set sinks the nail head below the wood’s surface, allowing you to fill up the surface hole with sand and putty so you won’t see any ugly dents afterward.

3 – Tape Measure

An indispensable tool for estimating quantities of materials you’ll need for a home repair or DIY project, a tape measure can be available in many different sizes and prices

4 – Level

This tool makes sure no objects or placements are off-kilter, leaving no room for error and guesswork. Owning a good level is not only necessary but essential! I use one for almost every project around the home. 

5 – Utility Knife

When we installed the wallpaper in our bathroom, this tool was essential! We couldn’t have gotten the job done with it. This is an all-around tool with a plenty of uses ranging from prying open closed boxes to trimming carpet edges.

6 – Putty Knife

Great for scraping paints and dried glue, a putty knife is also useful in spreading paste and, yes, putty.

7 – Philips Screwdriver

One of the most common tools in toolboxes, a Philips screwdriver can screw and unscrew x-shaped screws. Every since they started adding the various bits built right into the base, I’ve been super excited. I made sure to own several! 

8 – Flathead Screwdriver

You’ll find straight screws used in most light switch plates, so for handling those kinds for jobs, a flathead or straight screwdriver is mighty useful.

9 – Long Nose Pliers

Also called needle nose pliers, these are multi-functional pliers that can hold objects and pull, pinch, or bend metal. I use long nose pliers for so many crafting and DIY projects. I use them a lot especially when I’m creating jewelry. Very handy tool for sure! 

10 – Smooth Jaw Channel Lock Pliers

Dependable pliers are invaluable in plumbing projects and should be added to any homeowner toolkit.

11 – Combination Square

A combination square not only makes sure your project is leveled; it can also verify 45- and 90-degree angles.

12 – Hex Key Tool (or Allen key)

In a lot of assemble-it-yourself items like furniture, the screws used have hexagonal sockets. This is where the hex key tool comes in handy. We always keep Allen Keys around the house. You’d be surprised how many times we’ve needed one. This is what they look like. I was surprised to learn lots of folks didn’t know what they were. I like this set because it has multiple sizes. 

13 – Adjustable Crescent Wrench

This wrench’s opening can be adjusted to fit onto almost any hexagonal nut.

14 – C-Clamp.

This tool is very helpful when you need to saw, file, or glue together pieces of wood, plastic, or metal. Another tool I use all the time especially when I’m working on furniture restoration. 

15 – Hacksaw

An inexpensive type of saw that can cut through many types of materials beautifully, and can even cut through locks in the event that you get locked out without a lock pick set. I bought my son a lock pick set and he loves it! He says it’s great for developing motor skills too! 

16 – Power Drill

A luxury for tired hands, power drills can create holes and turn screws much quickly and with less use of muscles. I can’t do a thing without mine! 

17 – Wire Nuts and Butt Splices

These come in handy for electrical projects and repairs, such as wiring in new switches and light fixtures. What are butt splices you ask? “A butt splice connector is a form of so-called “crimp” connectors. Crimp connectors are used to terminate wires safely, or connect one wire to another. The wire is inserted into the connector. Then the connector is “crimped”, usually with pliers.

18 – Wire Cutters and Wire Strippers/Crimpers

You’ll need these in your toolbox for crimping insulated connectors, as well as for stripping wires.

19 – Digital Multimeter

Perfect for when you start on or delve deeper into electrical projects!

20 – Soldering Iron

This is very useful for replacing parts and components on a circuit board, which saves you from having to buy a new one. A good soldering iron is a great tool to have on hand. This one is on my list to purchase and next up! 

21 – Flexible Magnetic Pickup Tool

A tool that can pick up a screw, washer, bolt, or any other metal that falls down into corners and crevices where your hands can’t reach and your eyes can’t see. I never knew just how useful it was to own a flexible magnetic pickup tool until I bought one. 

22 – The Tape Trio: Electrical, Duct, and Teflon

Your toolkit would not be complete without a roll of each these tapes that you can use for practically any project and repair, from plumbing to electrical wiring.

23 – LED Headlamp

While an LED flashlight would more than suffice in providing light to your work area, an LED headlamp keeps your hands free to continue with whatever you’re working on. LED headlamps are another essential tool! I even use mine when the power goes out or for working under my desk on my computer. What did we do before all these fab tools became available? 

24 – Electrical Cord

An electrical cord extends your work area by providing power for your tools in areas that are far from a power socket.

25 – Zip-Ties

To keep your wiring projects neat and specific objects securely hung or tied, a bag of zip-ties of varying lengths will definitely come in handy.

There are many other tools that can be useful in your home, and you don’t have to stop with just what’s on this list. Build your toolbox slowly by starting with these inexpensive items that won’t cost you a fortune, and add on more specialized tools as you improve your home repair and DIY skills. Inexpensive tools are just as important as the high-priced tools we use. They are lots of fun to purchase too!