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The question of cost always comes down to what you think your time is worth. Many DIY folks enjoy what they are doing, and price their time at zero. I know when I built my cabinets for the kitchen, if I had valued my time anywhere near what my regular job pays, I would have bought them from a custom woodworking shop. However, I enjoy building cabinets, so in the end it was worth it, not financially, but psychically. My guess is you will find the same thing, there is no way you can compete economically if you put a reasonable cost to your time, especially after you account for equipment purchase, setup, bits etc. But if your time has zero or very low cost, have at it. But I suggest buying quality tools, there is nothing worse than dealing with machines that don't work well, break down, or are so poorly built they are dangerous.
 
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