10 tools every new homeowner should own - and 3 they shouldn't

Buying a home is an exciting milestone, but afterward you're responsible for maintenance. You no longer have a landlord to fix that running toilet or leaky faucet.

The upside? Having a few essentials in your toolbox can help you make some common repairs yourself. Being your own jack-of-all-trades can also help you save money, as repair people typically charge $60 to $65 an hour, according to HomeAdvisor. But you don't want to cheap out on tools, home improvement expert Bob Vila says.

"It's best to avoid the bargain bin at the big-box stores in favor of a good hardware store that can point you to the better brands," Vila says.

Bruce Irving, a renovation consultant and real estate agent in Cambridge, Mass., agrees, citing the maxim: "There's nothing more expensive than a cheap tool."

Claw hammer.  You probably already own one of these. One side of the hammerhead is flat and used for pounding, while the other has a V-shaped notch that can extract nails from surfaces such as wood without damaging the nails or the surface. You want a claw hammer made from materials that can resist harsh weather and reduce the vibrations traveling from the hammer to your arm.

Manual screwdriver set. A manual screwdriver is one of the most frequently used tools in any household — good for assembling furniture, removing light switch covers, and tightening cabinet knobs, among other tasks. But there are a variety of screw heads and sizes, so buy a package with multiple blade tips and sizes.

Cordless drill. A cordless drill will be the "most-used tool in your tool kit," says Brian Kelsey, a contractor and host of the online video series Kelsey on the House. Whether you're driving bolts into wall studs to mount a flat-screen TV, tightening hinges, or cutting out holes for doorknobs, using a battery-powered drill means you don't have to worry about finding an outlet or snaking a cord into hard-to-reach spaces.

Level. Don't want to hang your artwork, mirrors or shelves at an angle? Use a laser level to make sure everything is straight. Prices range from around $10 to $50.

Needle-nose pliers.

Tongue-and-groove pliers. Irving recommends having both needle-nose pliers and tongue-and-groove pliers. You can use the needle-nose pliers to bend and grip nails and wires where bulkier tools or fingers can't reach; the tongue-and-groove pliers are useful for tasks that involve fastening and crimping.

Allen wrench set. A hex key, also known as an Allen wrench, is a small, L-shaped wrench used to drive bolts and screws with hexagonal sockets. A favorite among furniture manufacturers, an Allen wrench is often included in build-it-yourself furniture, but it can also be used for basic plumbing repairs such as unjamming a garbage disposal, Vila says.

Putty knife. Whether you're filling cracks, scraping away dry paint, or applying caulk, Irving recommends using a putty or spackle knife with a stiff, metal two-inch blade.

Staple gun. Great for common stapling needs such as retacking carpet, securing fabric, and installing sheets of insulation, a staple gun is the perfect tool for quick fastening jobs. Manual staple guns are the tool of choice for most homeowners because they're generally easier to use and less expensive than electric and pneumatic staple guns.

Digital tape measure. A digital tape measure makes it easier to quickly and accurately record and convert measurements. Some have a memory function for storing measurements — a useful feature for when you're standing on a ladder and don't want to fumble with a pen and paper.

Not particularly handy? A rule of thumb (assuming you want to keep both your thumbs) is to avoid heavy-duty sharp tools. Although a table saw, circular saw and hacksaw are all useful, they must be handled with caution. Each year, emergency rooms treat more than 36,000 injuries from table saws, according to estimates from the Consumer Product Safety Commission.

That being said, it's important to exercise caution when wielding any hand tool, considering that the most common tool-related injury, according to the CPSC, is striking one's own fingers with a hammer.