We completely rebuilt our last boat, a 34' Mainship, with the exception of the hull. That was the only thing on it that was sound and needed no attention. All of the decks ,except the cockpit, needed to be completely removed and rebuilt. After they were done, we started on the fluff...the interior, gadgets, bells and whistles. Would I attack a project like that again? Probably not. Not so much due to the cost of materials but due to the time it takes. My poor ,and at the time naive, wife was, at times, in tears when she realized the size of the project(s) we had undertaken. She wanted to be able to use the boat and found out in a hurry how many cans of worms an old ,neglected, boat can hold. It took us 3 years before we could actually start cruising the boat and that was 3 years that we could've been boating and enjoying life rather than in a boatyard on the hard missing the summer holidays.
Scotts (psneeld) project was maybe 5X the scope of ours yet he persevered. When he started making noises about selling, I knew right away his was a used boat worth investigating. Luckily for us, everyone's timing was right (our boat sold & his came unofficially on the market; I'm smart enough to not be a 2-boat owner and assume that our boat will sell) and happily bought his quasi Albin. Quasi meaning it has Albin bones but the rest has been tweaked by a extremely knowledgeable cruiser/liveaboard that did what it took to make it a decent vessel.
Is there still stuff that needs doing? Yep. It's still a 35 year old boat. But the majority of the stuff that needed doing has been done. Long story short, I wouldn't have a problem putting the money into the boat that Scott put into it (over the span of time that he made the upgrades). I don't have the time to do what he did. We want to be using it.