Is a homemade Christmas ok?

The other week I posted about making some homemade gifts for people this Christmas, and I still want to do this but is it OK?

Do people really appreciate the things you spend hours making? Sometimes once you have bought everything you need to make said gift, would it have been cheaper to buy them?

I really don't want to spend a lot of money, not because I'm cheap but money is tight and most of our relatives don't 'need' anything.

We only have a few children in the family and for me that's what it's about, that and getting together.

So would you appreciate homemade gifts? Do you all need to do it for it to work?