If you are new to these vintage cars, I'd first spend the time and money to get all the mechanical things done (as best as you possibly can) and drive the crap out of it while you save some $$$ for the bigger expenses (like body, interior, chrome, go-fast stuff and paint). It is really wise to spend some time with it, see if you really love it, see if it speaks to your heart and then determine if you want to invest more into it? Sometimes the right answer is to NOT keep it -- if you're not into it. Find that out first!
Other points:
1) It will take 2 - 3 times more money than you think and 2 - 3 times more time than you think! If any of us understood this (or convinced ourselves of it), we'd probably not start half the projects we do. You have to be an optimist and a positive person to get through our "builds" - so get used to it now! Relentlessness is a key personal trait.
2) It is a whole lot easier to stay motivated if you keep the car on the road as much as possible during various stages. Example: If it runs well, but you want to build a HOT flathead for it . . . build a SECOND engine, all the while you enjoy the first.
3) Mechanical stuff . . . relative easy. High quality body and paint . . . hard to do, hard to find folks to do it . . . terribly expensive if you have to pay/wait to have it done. BUT - if you're not a Pro and you want Pro results - it will cost a LOT and it will take awhile to get it done. Search out the BEST you can afford, spend time with them and spend time really thinking through your options, your budget, your expectations and their capabilities. The hours, labor rates and material costs will be much more than you can anticipate - spend time at it, and let us help you with it when you're making decisions.
4) Quality Parts, Quality Work: Buying the best parts (original if at all possible) and investing in quality work will result in a quality truck - never forget that and never short cut on it. If it takes twice as long to get it done (as you save money along the way), you'll be glad you took that approach - versus quick and dirty.
5) Since it is a family truck, and it is special . . . treat it as such and NEVER sell it. Once they're gone . . . they're gone! Think that through as you get into it, as you budget for it, as you insure it and as you beg others to let you spend money on it!
