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first time posting in /n/ but hopefully not the last.
tl;dr: bike is 10 years old with lots of rust (frame is rust free but the paint is scratched to hell). i'm very comfortable with this frame and i'd like to keep it (if it's worth it). i have ~400 europesos to spend and i'm asking if throwing that much money on an old frame is a horrible idea or just a bad idea.
i have a pic related. i got it more than 10 years ago when i was still in high school but haven't used it at all the past 5 since i bought a motorcycle. i live in a very humid and salty climate (near sea) so wheels, front shocks, brakes and seat are completely rusted. bars and stem are aluminium aftermarket so they are fine. the frame is also aluminium but since I used to ride it everywhere, it's full of scratches. the gears are all factory so they are worn out and need replacing anyway (aside from rust).
i'd like to start riding again because i've put on a few kg and i don't feel comfortable going to the gym with covid going on. my budget is about 400 euros
i was thinking since i like this frame so much i should just swap everything out. i'm not looking for something crazy but definitely something better than what i have. that means 1 more gear in the cassette, hydraulic disc brakes, locking suspension. i have checked with a local shop (not the best prices) and i can get what i want with 400-450.
on the other hand, maybe with 400-450 i can get something newer that isn't outright better, but at least it has "newer technologies" (if that is even a thing, i don't know how fast bike tech evolves).