If you've got lots of time and patience, and a good set of tyre irons and rim protectors, have at it. The worst that can happen is that you have to take the wheel/tyre to a shop and have them do it over.
Also, when you buy new tyres look for the 'date stamp' on the sidewall so you know that the shop is selling you fresh tyres, and not ones that have been sitting around for a few years. If the tyre is over 2 years old you should leverage a large discount, since it only has effectively 3 years or so of 'life' left in it. The same applies to all automotive tyres.
Look for the letters DOT moulded in the sidewall (only will be on one side of the tyre). Somewhere to the right of the letters you will see what looks like a moulded-in ID plate, in which will be possibly some letters, but definately 3 or 4 numbers. If 4 numbers the first two will be anything up to 52. they represent the week of the year that the tyre was made. The last 2 are the year of construction. So, for example: 2603 would be a tyre made in the 26th week of 2003. If there are only 3 numbers the same applies, but only the last digit is the year, and the tyre was made in the last century.