I always say "handmade" just because it sounds better.
Here's a tip I learned at a guild meeting...... never ever tell UPS or USPS or FedEx that it is a handmade or homemade quilt. Tell them it's a blanket. Quilts are priceless and there are too many horror stories of them getting "lost" in the mail. No one would steal a blanket, but insure it anyway for at least what it cost you to make.