I too am trying to set up a cheap home studio and this is what I plan on doing: I have purchased some pretty cheap (relatively speaking) adjustable halogen desk lamps that have swinging arms which are fully adjustable to different positions. They have 100W or 150W bulbs and the light they emit is pretty white with little incandescent cast. In addition, I also have a 300W torch halogen lamp, which is good for diffused bounce light off of the ceiling tiles in my apartment. It's pretty bright and gives off a very nice light.
I also have a set of inexpensive track lighting that I'm going to attatch to some 2x4's and will hopefully use those on wheels to help with positioning. I can, and will, purchase colored filters for them and maybe even a high intensity studio track light, which the company makes for a very steep price. I also have two other incandescent desk lamps to.
Another important aspect would be to figure out how to attatch tracing paper (or medical exam table paper...the kind they use in doctor's offices) to some kind of frames so that they can be used at diffusion sheets. In addition, I have made cheap reflectors out of poster board that I purchased at Staples for about $3.00 and they have worked out very well.
Lastly, I have bought two wire racks that work well as work areas.I can easily attatch lights, tracing paper, and reflectors to it's uprights.
There are many books out there on lighting, so I would try to find some at your local library...they will give you many good ideas...
Jeff |