Is Fixing up an Old sailboat with 500 Blisters worth the Money, time and effort?

Is it worth it to buy an old sailboat, fix it up and sail it around the world?

Here are our thoughts…after 12 years cruising on our 1976 Valiant 40, and after completing a 1 year refit! Should we have baught a new sailboat or put the time, money and effort in to this old sailboat?

Here is Part 2…below that is Part 1 if you didn’t already see it…

Something is Missing from our Keel!