14 Essential Tools Every Homeowner Needs

Philips & Flathead Screwdrivers:

Both screwdrivers are needed, so make sure a wide range of sizes is available.

Tape Measure:

When you move in for the first time, this is extremely useful, but you'll find yourself using it repeatedly.

Level: 

Put an end to guesswork when hanging paintings, decorations, and more.

Crescent Wrench:

A nut can be unscrewed without damaging the edges. Most household tasks can be handled with an adjustable one.

Power Drill:

Screwdrivers are ideal for home improvement projects requiring more power, but an electric drill is far superior.

Pliers:

Pliers are necessary for almost any work that involves bending, gripping, or snipping metal.

Hammer:

Make sure it has a rubber grip to absorb shock.

Nail Set:

Get nails of a few different sizes, then get a nail set to put the nails deep enough that they don't stick out of walls.

Utility Knife:

Box cutters can be helpful in various situations, but this tool will always be handy if a pair of scissors is not enough.

Flashlight:

With a flashlight, you can efficiently work in attics, crawlspaces, and even under the sink.

Extension Cord:

Increasing the reach of miscellaneous power tools can be helpful if you're doing yard work. 

Ladder or Step Stool:

A ladder comes in handy more than once, from indoor painting to outdoor landscaping.

Stud Finder:

A stud finder will allow you to know where to hang heavier decorations or shelves, which is essential. 

Toolbox:

With this tool, you can store your tools in one place and ensure they're in the right place when you need them. 

Those on a budget who want all of these tools can get them from Home Depot for around $125. If you decide to spend more money on it, you could spend $300-500 and then add more tools as time goes by.