by, 06-26-2009 at 02:16 PM (856 Views)
items which can be purchased from materials on the allowed list are all permitted.
creating custom items will cost full market value (unless you have the appropriate feats), and also come out of your xp, regardless of class, causing you to start at a lower level than what you otherwise might be entitled to. (this uses some of the rules from the web enhancement for the phb2, which permit someone other than the caster/creator to provide the xp under certain circumstances.) first level characters are not able to create custom items.