Many years ago, my cousin showed up at my place with a Motobecane Mirage frame, a new wheelset with aluminum rims, and a box of new upgrade parts, and asked me to build it up.
The frame was a good 2" too big for him and the chainstays had been crushed by a kickstand. For what he spent on parts, he could have bought a brand new Grand Jubilee and had money left over, but he was happy with it.