Book binding tools are not expensive.
An initial investment of about $150 will buy all the simple tools needed to start bookmaking. Most of the tools you will need will cost a lot less. Just a word, though, don't skimp, crappy tools don't last and will break just when you need them to function.
A large work table/space is a must. If you don't have a workspace, you can order relatively cheap drafting tables with a storage tray through catalogs for under $250.
You can purchase pre-cut book binding kits at better art stores. When you get into making hard cover books, you will need to find binding board, sometimes called davey board. It is a sturdy cardboard like material. You need very sharp tools to cut it properly.
The essential tools you will need are:
- a sturdy metal ruler, at least 3 feet in length, with a cork underside
- an exacto knife, with extra blades, size #11
- a bone folder or a burser. Bone folders give cleaner folds
- leather awl/punch
- rotary paper cutter, a good one by Dahle is about $75. Don't buy plastic versions.
- clamps or book press
- archival, PVA glue
- needles for binding
- self healing board for cutting paper
Please use archival papers and glue. There is no point in making a wonderful book and have it fade, discolor or fall apart.