I have a homemade one as well and a Sear lift. I too use the homemade, wood lift for chain lube and oil changes. It's particularly better for oil changes as underneath the engine is completely clear. I definitely got my $20 worth.
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I use a "$20 bike lift" similar to the one in Moe's link above. Mine was made for nothing from stuff I had laying around. Instead of screwing a flange to the wood, I drilled a hole for a 3/4" pipe so I can pull it out after bike is up. Mine is made out of a stack of 2X4s glued and screwed together. I have an ATV jack that works great, but for quickly lubing the chain, I use the wood one.
