Is it to late to save my iphone?

So I have the iphone 5c, a few weeks ago I had like drop like 1 or 2 drops of water on my iphone 5c by accident and I whipped it off once it happened and I didn't think of much of it. I never really use my home button on my iphone so I didn't until recent that my phone's home button didn't work and this person told me that i have water damage to my phone and the longer I wait the more expensive it get to fix my iPhone is there a way where I can fix my iPhone my self or is it to late for that?

If it's still under warranty take it to an Apple store but don't tell them you got it wet. Just tell them what stopped working and when and you don't know why. They'll replace it.

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