I've got a 1990 (give or take a couple years) Trek 800 frame and plenty of entry level components left over from other projects. My plan is to put together somewhat of a Frankenbike that will be the equivalent of a good used entry level bike and to sell it. I'm not looking to make more than some pocket money, it's more to clean out the shop. The frame and fork are completely stripped of components right now and the paint and decals are in tough shape.
My question is: It would take me just a few hours of work (plus several days drying time) and $15 to put a decent coat of paint on the frame and fork. Knowing what this bike is, would you rather buy it for $75 in good working order and rough looking original finish, or would you consider $100 for the same bike in good working order with a decent basic paint job but no decals?
I'm kind of interested in painting it just for practice, but I want to know if I can expect to add at least my cost to the value of the finished bike, or if I will actually devalue it by eliminating the original graphics and logo.