Bench
This one seems like another no brainer for your home gym. The bench is such a multipurpose apparatus that allows you to perform a number of different exercises. Want to make some chest gains? Need somewhere sturdy to sit while doing concentration curls? Then you better have a bench press in your gym. It can also be used in tandem with the power rack where you can perform an incline press or military press while having somewhere to put you barbell once the exercise is complete.