New owner need some guidance on restoration.

[reedjsmith]

So just picked up a 1975 20 CC Seacraft in amazing shape. Transom and floor are perfect. It was stored out of the water for 10 years. Planning on raising the transom to 25", removing bottom paint and repainting the entire boat.

A few friends said not to raise the transom and just use as is. Not really happy with that. I got a quote from a friend to raise the transom and paint the boat for $5500. I paid $2500 for boat and trailer. Money is not a huge issue but want to make sure I'm making the right decisions.

http://imgur.com/a/V8vI9

Thoughts?