Have you seen these $1 wooden model kits at Michael's? They caught my eye this past week and I thought we'd give them a try.
What's included: the wood, sandpaper (though we didn't really need it), glue, paint brush, and paint.
This kits are labeled for older kids (ages 6+), but I bought one for my 4 year old anyways. She loved it just the same. I read the instructions to the kids and they followed the steps: sandpapering the wood, gluing the pieces together, and then they painted.
I was (and still am) really impressed with these little kits! And for only $1, I think we'll definitely be stocking up on some more soon.
