I made a stand for mine out of 1/2" black pipe from the local home store. I have it at a height that is easy to reach from the kit. I also have extra pipes of different lengths to change the height if I need to. If you would like detailed info let me know.
I have done this as well. As a matter of fact, I have several racks made this way. I hand and mount numerous instruments, then surround my set-up with the racks. The threaded pipe as Bongobob mentions is a great way to create racks for your percussion. I have a rack made for all the gongs so I can have them all mounted in my set-up ... and it looks very cool.
