Casking homemade wine, does it make a difference?

Hello all,

An idea that has been rolling around in my head for the last few weeks is that of putting my small batch homemade wine or mead into oak barrels and letting them age in the barrel for a while.

I was curious if anyone here has done this and can vouch for it as a means to elevate the taste/ quality of the final product. At $140 for a 5L barrel, I need to have some idea that this is not a waste of money!

Cheers