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If you don't mind paying a bit extra, you can purchase laser levels that have built-in stud finders, which can save you space in the toolbox as well as add a bit of convenience when you are working. The good news is many of the more advanced versions of these models only run around $50 or so; purchasing a combo level and stud finder might be worth the extra money. Some models come with a one-year warranty, but others offer a two-year versions.