[SloopJonB]

I think the real core issue is what one thinks to oneself getting up on a Saturday morning...
If you think "I get to work on the boat today", then a project boat may be for you.
If you think "Crap, I gotta work on the boat today", then steer clear.

Well said! I would just add - If you start to resent the time your family, friends and job take away from the time spent working on your boat, you might be ready to BUILD a boat.