I live in the same house that my grandparents lived in when my mother was a young child. I moved into this house with my wife shortly before my grandfather died. Within the last year I've returned to cycling after having not been on a cycle for about 5 years (end of college). I've been wanting to get into restoring cycles, but I don't know where to start.
Today I made a find that will get me started. :dance:

When my mother was a child my grandfather bought her a Western Flyer bicycle, and when she discovered other interests, the bike was stored in the basement. I've seen the bike many times as a child, but I've never given attention to it's need for restoration. It is in beautiful condition with only dust covering it from top to bottom and flat tires (of course). It remains in my basement, untouched, waiting for me to restore it. The only problem is I don't know where to start. :( My mechanical skills right now are limited to being able to change a bicycle tire, so I'll have to start with the basics. Can anyone help? Where do I start? I can't wait to begin!

Look at oldroads.com, the vintage lightweight section, for fellow vintage restorers

WOW! Do you have a bike there! If by chance you are interested in selling this let me know! Seriously I would like this. Anyway to start all the bearings and beraing surfaces to to be cleaned. This includes the hubs in the wheels the headset, and the bottom bracket. You also need to clean the chainring in front, the sproket in back, ahd the chain. Then you of course clean the frame, fork, wheels, seat, seat post, stem, bars, saddle. Then you re grease all bearings surfaces then reinstal the bearings, relube the chain, inflate the tires hopefully they are not dry rotted. If you have an internal 3 speed servicing the hub with your current knowledge might be a task. Also the cable may be shot. If it is a coaster brake which it probably is servicing this will also be a task. It should be fun learning just take your time. If you need any assistance e mail me.