Over the Winter, we removed all of the teak from the boat, stripped and refinished it. Repainted the cabin area, installed new lights (the LED fittings from CD), replaced the compass and depth sounder, installed the bow stem and bow eye reinforcement upgrade kits. We also installed a back-up battery primarily to kick-start the motor, and ran the starter cable through the transom using a clam shell fitting.
Overall, the rejuvenated boat looks great and on the way to where we would like to have it (as new condition). Will we recoup the investment in time and $$ for resale ? Probably not but the effort is well worth it in making the boat more pleasurable to sail, safety systems in place. More upgrades planned at the end of this season but for now, time to get on and go sailing !!