I mean.... This is from me speaking as a professional editor, but yes, on the whole it is. Especially if you're editing by yourself. But at the end of the day, it comes down to what you're looking for and what standard you're trying to reach with your writing.
People usually go with the first draft for a number of reasons:
⢠They are content with where their writing is right now.
⢠They've adapted their style enough to get away with it/to not mind errors.
⢠They haven't grown enough to see the errors.
⢠They're fine with the errors.
⢠They don't want to go through the added hassle to edit and risk getting frustrated.
After that, editing varies. If you're doing light edits to just add some polish, it won't take very long. But if you're doing deep edits, especially to try and establish a style, it could take a while. Editing is usually what gets people from one part of the drafting process to another. Usually, you end up coming up with better ideas and figure out how to adapt scenes.
Editing absolutely pays off in the end. Even getting into the habit of light editing as you write can greatly add to or build your writing skill. It'll help you figure out what you want to aim for as a writer and/or it could help you communicate with someone who's going over your writing.
I've edited a slew of written and interactive media for over a decade now, and it has changed what I value as a reader and a writer. It also helps me tell others how to improve or achieve their style without compromising much. Professional editors can absolutely get expensive when you employ their services. So I definitely say get into the habit of editing. Light editing to start off with because you can pick up basic habits.
Developmental editing is something I say people should think about when they're reviewing their work and are trying to find ways to improve or change their style. (Editing is one part of that process, but that's a different discussion altogether.)