Classic car restoration is a very rewarding experience and nothing can surpass the enormous feeling of satisfaction you will get when you take 'her' out for a spin for the first time! It can, however, be a very expensive business and, consequently, you will need to consider your budget very carefully.
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Much will depend on the make and model of classic car that you intend restoring, of course, and a sensible starting point would be to conduct an informal 'cost/benefit analysis'. This will help you determine your budget. In simple terms, it is about arriving at the right amount of money to commit to the project in relation to the anticipated value of the car, once restored. It's much like property development in this respect. There is no point spending £250,000 renovating a house that will be worth £220,000 when you have finished and, likewise, there is little point in spending £25,000 to restore an MG Roadster that will only be worth £15,000 when you have finished.
