Planning for it...Vermont plates, tear down , repaint, clean up... of course the story goes" it was running when it was parked." It isn't seized for a change so, I might clean the carbs,plugs ,points ,oil and filter, and see what it does first .If it looks promising perhaps I won't rebuild the engine, like that ever happens in my garage. I usually drop the pan ,find something I don't like. Then tear it down to find out what it is, then I can check the bottom end thoroughly,new rings, primary chain , cam chain and see what the valves need, the usual stuff.
Then there's always cables, clutch ,brakes and wheel bearings This will be the first 550 that I bought with the intent to resell...haven't sold one yet, guess we'll see if I can part with it when it's done.Even if I don't , there's got to be room for one more ,right?
Chew not a package deal. I found that I have to set limits for myself
up to 350 for untitled parts/ project bikes, ugly,dead for years
400 with title, complete,dead for years
500 for a runner with title if better than ugly
More depending on overall condition,title, running, pretty
I don't look at anything over 1000 because I'll only rebuild it anyways
And that is fair pricing for the condition of north eastern states bikes and how much needs to be replaced.
and I never look at cafe projects because the frames have been cut, the wiring is usually a rat's nest, most of the stock parts are gone, and somebody's friend rebuilt the motor and it hasn't run since.
I figure spending anything more than this is stupid money, and it cuts into the pleasure I get while working on them because they can't make profit at resale after being rebuilt . So to me, this dictates what the sale price for conditions are all about. It's all part of the fun.