Crafting Items
To craft something you need the appropriate
tools. The DM may allow you to use improvised
tools, but these will impose disadvantage on
crafting rolls. You also need raw materials worth
half the finished items price (see below). If it is
a magic Item you will likely need to have access
to appropriate spells by casting them yourself,
having someone casting them for you or using a
magic item to replicate these spells.
For high value items you also need to be an
experienced crafter (in game terms you need a
certain minimum level). The DM may allow you
to craft an item without the needed level or
spells in certain cases. I will usually agree to this
for items that have permanent effects
(examples include magic armor, weapons and
items like ring of protection, boots of elvenkind
etc.).
This will, however, impose disadvantage on
your crafting rolls. Items with charges or
otherwise limited effects can usually not be
crafted that way.
If you fail a crafting roll you can choose if you
learned from your experience (you gain
advantage on your next toll to craft this exact
item) or if you managed to salvage half the
invested materials.
You can try to halve the needed time by
increasing the DC by 5. Very often you rather
take your time however. You may use double
the usual amount of time to either take a 10
instead of rolling (not possible if you have
disadvantage on the roll) or getting advantage
on your roll.
Item Price Crafting DC Minimum Level Time
-1 7 - ¼ Week
2-10 9 - ½ Week
11-100 11 - 1 Week
101-1.000 13 5 2 Weeks
1.001 – 10.000 15 9 1 Month
10.001 – 100.000 17 13 2 Months
101.000+ 19 17 4 Months

New Feat: Runesmith Some examples on where I use different prices:

You are very talented or experienced in the
creation of magic items. Item Price
- You halve the time needed to craft
Armor / Shield +1 2.000
- You do count as having access to spells for
magic items that have permanent functions Armor / Shield +2 8.000
(such as most magic weapons, armor, rings, Armor / Shield +3 32.000
boots, belts etc.)
- On a failed roll you get to salvage half the Brooch of Shielding 4.000
invested materials AND gain advantage on your Cloak / Ring of Protection 6.000
next roll to create this item.
Armor of Resistance 2.000
- You ignore level requirements when crafting
Adamantine Armor 2.000
Magic Item Prices Ammunition +1 40
For the most part you can use the „Sane
Ammunition +2 160
Magical Prices“ PDF as a guideline to magic
item prices. Ammunition +3 640
The important word there is “guideline” as I do
disagree with some of their prices.