When we moved into our new house the lovely missus let me have a room down in the basement to make into a hobby room. But only on one condition. That the room remains neat and tidy! So in an attempt to get organized I needed a workbench and tool rack that wouldn't blow the budget.
Find in the next few steps how I did it , and take from it what you need to construct your own set of racks that meet your needs.
Step 1: Gather Materials
You might be able to find shelves in the garbage, or you can buy a new set at most home centres or IKEA. These shelves were 36"x18" and were rusty.
I used salvaged 1" thick pine boards for the frame and tool holders, that were used at one time to hold a futon mattress off the ground.
I picked up the rare earth magnets at Lee Valley tools. (http://www.leevalley.com)
I used the following
3/4" Rare earth magnets. Part # 99K32.11
3/4" rare earth magnet cups. Part # 99K32.54
Anti-slip magnet discs. Part # 99K34.53
1/2" flat head screws
3/4" self tapping metal screws
3/4" wood screws