People about Cosplay...
No, it is perfectly normal to buy a cosplay costume. Even professional cosplayers buy or get the costume made from someone else. However, making your own costume has a different thrill to it.
What is important though, is how you carry the costume and how much fun you’re having while cosplaying.
As for “devaluing someone’s participation” goes, some may feel that your cosplay is superior to them, when they took more efforts. However, it is not supposed to be that way as these things are done for fun.
At risk of sounding like a Nike ad, just do it! Find a character you want to dress up as and get started. If you need help there’s plenty of tutorials (both blogs and videos), books, and forum you can turn to for advice, especially if you’re doing something popular. Or you can do what I did and just muddle through it yourself. My first costume I bought what items I could, mostly at secondhand stores, dyed and altered a shirt and made some simple arm wraps out of cheap cotton. I had no idea what I was doing (and no sewing machine – do your hands a favor and use one if possible) but it came out pretty well and I’m still happy with it.
These days I usually make mine from scratch, finding a sewing pattern that is somewhat close and adapting it as needed. When I can pick up patterns cheap I look for anything that might be useful and stock up. I’ve gotten unused patterns for as little as a dime before, so even if I never use them I’m not out much. I like to let other people do work for me when possible. Secondhand stores can be good for base items and even for fabric, either by cutting something apart (one of my costumes is 95% bed sheets) or if you’re lucky even plain fabric (I once found a piece juuuust big enough and in the right color for an outfit I wanted to do).
Remember you can decide how true to the source you want to be. If something is outside of your skill level or too expensive to do “properly”, you can find a way to do something. I once stumbled upon a pattern to knit Rinoa’s duster, but painting or sewing the wings on a plain blue one works too. Or you can stylize it to your own tastes. My costumes never look great, my skills aren’t at that level, but I can do “good enough”. And you’ll never be sure what you’re capable of until you try.
Coming from a movie production background, you put on the parts of your costume that would interfere with makeup – possibly rubbing on your face when donning the apparel – before you put on makeup. None of the rest of your costume should be worn until it is just before “showtime”.
And costumers (both hobbyists and professionals) should be planning for makeup application and making a costume that can be put on without having to go over the head like a T-shirt does. Aside from the fact that this is easy to make, there really isn’t a good excuse for designing a costume that ruins makeup, or alternately, has to be worn while makeup is being applied.