Perch,
YES, you can definitely save money on your fly rods by building them yourself.
However, you can also spend LOTS of money on tools and equipment. If you are a tool junky, then you may get into trouble. If you already have some woodworking tools, you probably have all you need right now, but the lure of neat new tools is hard to resist for some of us.
If you are handy and aren’t in a hurry, you can build simple and cheap or free equipment that will allow you to build high quality rods that will exceed factory builds for hundreds less (if you got any old left over lumber laying around and a saw you can build an adequate rod wrapper for nothing but your time).
If you shop around you can buy quality blanks for great prices. Companies like Pacific Bay, Sevier (Tiger Eye), and Rainshadow (plus quite a few others) make blanks that compare to the ‘name brands’ at significantly lower prices. Jann’s Netcraft, Cabela’s, Hook and Hackle, all sell ‘house brand’ rod blanks that are outstanding quality for the price. You can upgrade guides, reel seats, and grips and still spend less than you would on a ‘name brand’ blank. If you want ‘top end’, then folks like Dan Craft or St. Croix are on the cutting edge of blank design, and they aren’t as expensive as other ‘name’ blanks (they aren’t cheap, but they are a great value).
I was a bass fisherman before I started fly fishing. I had an ‘arsenal’ of rods, each designed for a specific technique or application. I carried that concept into fly fishing, and realized right away I couldn’t afford to buy all the rods I’d need. I decided to build them, and managed to get a half dozen rods built for the price of one ‘top end’ factory rod (not the same blank quality, of course, but strong and servicable enough to fish successfully).
After many years of building rods, I know that now I can a build a better rod than the factories produce, regardless of price, and I can make it prettier (I like pretty rods…feather inlays, multi colored guide wraps, stuff like that to ‘dress up’ the rods).
Of course, by now I’ve spent way more than I would have if I’d just bought a dozen Sage or Winston rods. But I’d have missed learning a lot, having years enjoying the relaxation of craftmanship, and the pride of ‘doing it yourself’. Plus, I have given away way more than twelve rods, and I own alot more than that now.
I no longer fish with rods that I didn’t build, nor do I use flies that I didn’t tie. Not that this is a ‘better’ way, but just that it’s mine.
Buddy