I am a bike novice and I was hoping for some advice from some bike-savvy folk. I currently have a 1980-something Schwinn World Sport that I was thinking to upgrade a bit. I like the bike, it has served me well for the past three years--and I'm the kind of guy that doesn't like to just throw out the old and buy something new but use older items until they're really spent. So, you can see photos of my ride attached in the post [I can take other photos too if need be]. Everything the bike is equipped with is what was originally on it when I bought it from a friend three years ago.
I was thinking of maybe buying a new wheel set, maybe some brakes and perhaps making it into a single speed, while also breathing a little bit of style into it on the wheels. And... I was hoping to do this all for around $300.00.
Can anyone suggest any wheel sets, or rims that might fit what I'm looking for? and tires? From the scattered info I've found on the web I guess I face the problem of having 27" bike wheels, which are no longer a common size produced; so for best variety and quality in a new wheel set, I'll have to make the switch to 700c wheels. And this may also require me to change my brake system in order to fit on the new wheel size.
From the looks of what I have are a new chain ring set and pedal and crank arm necessary as well?
I wanted to post this question on Bike Forums rather than just talking to my LBS, because I figured that I could probably find all these parts on the internet for a lot cheaper than my bike shop. I live in Brooklyn, NY. I just bought a new saddle and some handlebar tape, so I am on my way to making her look nicer!
My last question is: would anyone strongly argue against this sort of upgrade? Am I totally wasting my money here?
And finally: would a single speed be advised by anyone? Would this lighten the bike up considerably? I do not change gears too often, but the ability to do so is always nice I suppose...
Thank you to everyone for your help, I do really appreciate it!!
p.s. if this was something I wanted to try to do myself, in my basement, is there a book or website you could recommend for bike maintenance or am I out of my mind to want to attempt this?
Thanks again Bike Forums!!!