If you have movie film that you want to convert to video there are several options available to you. Some people just film straight off of the screen while the film is being played. That will work but the results can vary from fair to horrible, but the cost is next to nothing if you already own a working projector and video camera (I would never do this myself). There are risks associated with doing this. The film is most likely in dirty condition and possibly brittle (sprocket holes break when running through the projector). You run the risk of damage to the film every time you watch it including burning holes through the frame if the film stops advancing. This was true the first day you projected the film all those years ago.
At the opposite end of the spectrum there are state-of-the art transfer processes that can cost up to a couple of hundred dollars an hour but the finished product is the best that can possibly be achieved. Wetgate systems are used and state of the art color correction. If you are producing video for broadcast TV and/or have a bigger budget you most likely would use these types of transfer houses. In general the more the image comes to perfection the higher the costs. Many people actually build their own transfer systems that do remarkably well.
Most of us fall somewhere in between filming it off of the family room wall and seeing a computer generated creature standing next to us in the film! We are looking for value. The best way to transfer film is frame-by-frame.
Most home movies suffer from similar conditions. The color has faded, the images tend to have a soft focus, the picture is shaky, perhaps the subject material becomes a bit boring and there is total silence (unless you have sound film). Post is where you can bring life to your old films. Examples of how to bring some punch into your films can be seen on the Personal Projects page on this site. The Camel GT race was filmed on silent film but had graphics, music and sound effects added to give the resulting video more depth. The Environment movie on the same page was reedited to provide more information in less time. A full 1.5 minutes was removed with no major content left out. Camera shake from holding the camera by hand was reduced and the smoothness of the skyline panning was improved. All scenes were adjusted for grain, noise, color correction, focus and sound. Finally graphics, music and sound effects were added. No birds could be heard on the original sound track and the running water sounded more like background noise than a stream.
All of the changes make for a more pleasant experience which is the point of video. People want to be entertained and be pleasantly surprised by your home movies.