My ongoing midlife crisis vehicle swerves in a different direction: I bought a 1988 Nishiki 1207 at a yard sale for $40. Mostly stock save for a new seat. With the wheels out of true, the stickers plastered over with garbage, the brakes loose, the front tire visibly cracking, the rear cassette visibly rusted, and the rack mounts stripped, the bike needs some work. I am motivated to finally really learn bike maintenance after putting it off for 30 years
Zinn & the Art of Road Bike Maintenance, if you are looking for a solid resource.
It's a rewarding project! I fixed up a freebie old Schwinn roadbike a few years ago and it's so much fun to ride. I have a freebie Nishiki too waiting for a decision on what to do with it--touring bike or fixie conversion. Enjoy the time turning wrenches and then on the road!
I added a MIK rear rack with pannier rails. I bought a seat post collar with screw holes in order to attach it, only to realize the bike doesn't have a seat post collar! And the collar was 1/4 inch too wide for the seat post. I wedged some green tire protection strips in there and it works great. I biked home two full panniers and a watermelon in a basket from a farmer's market. Bad idea in retrospect as the whole bike wobbled from being back-heavy. And the kickstand cannot handle even the slightest amount of weight. I might invest in front pannier rails. So I guess I'm going in the touring bike direction!
Riding on a wheel you have built from parts is a joyous thing.
My favorite bike was an early aluminum framed Trek that I upgraded practically every part of myself.
The bonded frame creaked but it rode great for thousands of miles.
It got stolen and I haven't felt the same about biking since. Miss the hell out of that bike.