I have done that math myself too and came to the conclusion that if I put money in high end tools which I could afford it won't make sensePCShutters wrote: ↑ Hell no. The saving is no where near enough to offset the investment I put into the tools but that was never the intent. I like shinny new tools--it brings me joy every time I use them so it is worth it to me.
You can certainly do what I do with more affordable tools where the tools will pay for itself like my other hobby. I have spent about 10K on my mechanic tools and I easily saved over 100K+ with all of the cars I have been maintaining since the early 2000s.
If you own and run a business in a different area then the time problem kicks in and you lose more time=money by renovating yourself than paying someone to do it
Unfortunately I do not own a business in the real sense and the things still add for me to do certain renos myself.
The main reason for doing it myself is because I do not trust contractors ...not sure what happened with my damn house but every thing I touch and try to fix seems to have been done cutting corners,, the only strategy involved was "grab the money and run, never come back"
I also like woodworking and I am dreaming to do some of the work you did but I do not have as much time as I would like to put in this.