Originally Posted by
wrk101
Old bikes are like old cars (only a lot cheaper). If you are restoring for only resale value, then you have to do all the work yourself, or you will lose money. Realize that there are buyers out there for unrestored bikes. Typically they will do all the work themselves, so the cost is not so bad.
I prefer unrestored bikes because I would tear apart any bike I buy just to go through it again on my own terms and put more of my efforts into cleaning, lubing, adjusting and polishing.