>>2021932There is something incredibly rewarding about taking an old bike and bringing it back to life. Whether it's just giving it a proper service, or a complete rebuild, that first ride is always a treat.
One word of caution however. You will need some tools, the older the bike, the more there is to be done and the more tools you will likely need, and good tools aren't cheap, and many are good for only one task.
You can get by with simple tools for basic maintenance, but once you start thinking about repacking bearings and completely stripping a bike down then you will need to get your wallet out. Just something to bear in mind.
Personally I've been working on bikes since I was a kid, so I've slowly built up a nice collection of good quality tools over the years. I tend to buy tools as and when I need them. Cheap tools are usually not worth it, it is easy to damage an old part by using a cheap tool. I do my research, find out which ones are considered best for the specific task I'm facing and then hunt for good used examples. But even then I've spent hundreds of pounds on tools over the years. I consider it money well spent as I've managed to bring scores of bikes back to life and had countless days of pleasure both working on and riding bikes.