Well, if you're shopping for them, these are the important features:
* measures both AC and DC volts
* maximum voltage it can measure (some can't be used to test 110v outlets!)
* measures both AC and DC amps
* maximum amps it can measure, and if you can tell from the package, whether the fuse can be easily accessed and changed.
* measures ohms (pretty much all of them do)
* has a continuity tester that beeps (they usually do)
It's also nice if it has automatic range finding, so you don't have to mess with guessing where your measurement will be and shifting to the correct setting. It looks like Tmasman's has a button you press to toggle between ranges until you get a measurement you can use. It looks like Chris's Craftsman works the same way. But, it's just a nicety, you don't
need it. You will want to be able to measure amps if you plan on using LEDs by yourself or want to know how much power something you built uses, but other than that you can get away without it. It seems to be the first basic feature to be removed to bring cost down.
Checking for those features will carry you through almost anything you would do in this hobby. But, if you want to play with anything more advanced:
diode tester (dunno what it's good for)
capacitor measurement, handy if you use capacitors.
transistor tester (?) (never used one, but one of mine has it - think it tells you the transistor's current gain)
other nifty stuff you might find
Unfortunately I have lost my multimeter that has everything mentioned on it, or I would post a pic. I'm stuck using my Fluke 12 with only volts and ohms and diode-tester until I find it.
