I recently aquired a Giant Boulder SE (I believe a 2001) for $75 thinking to use it as a starter MTB. (I already ride road) The components are all original and are serviceable, but show their years.
I am wondering if spending $150-$200 in new components is the best option, or should I try to sell it for around what I got if for, and spend the $250 -$350 in a better used bike. It seems like every so often there are good bikes listed on craigslist, but I wasn't ready to spend that much yet.
Since I am new here, just to give a background, I have been riding road bikes (both upright and recumbent) recreationally (with local clubs, and informal rides) for 2 years. I can do the labor for upgrades myself, with the help of an experienced friend for anything new to me.