Its fun to level. Just mine and buy all the iron and leather you can find and create iron dagger and leather bracers. You see the secret is that it doesnt matter what you make, you will still get skillups even if you make the crappiest stuff.
Not only do you get to make your own armor, you can improve it and that of your companion. Improving weapons and armor gives a HUGE bost at max improvement. It's also totally worth it to skill enchantment at the same time as you can put cheap enchantments on the weapons you make for more skillups and levels.
If you put the time in, you can get a full set of daedric or glass armor WAY before you can find those things in the wild.