I did something similar a (long long) time ago. Bought a Catalina 27 hull that hadn’t sunk, but it might as well have. Put it on the hard for two years, and stripped everything, and I mean everything out. Put in new standing rigging, new sails, hung an outboard on the back for aux power and fitted out the cabin.
Man, I loved that boat. But I just had to have a “bigger boat”....the sailor’s curse.
I don’t remember the make of his sailboat. Just that it was a 35 ft named Angel been a few years. Lol