I disagree with most of the opinions so far, an old used fiberglass boat isnt worth a thing but a welded aluminum boat is a different beast.
Looks like a fine boat to me.
I would pull the old wood as use it as a pattern for the new wood, use marine plywood, coat the new wood with West epoxy.
Those old two stroke carbeurated motors are gas and oil hogs, ditch it on Craig's list and find a late model fuel injected 4 stroke.
Doing this you will have a great boat that will last a long time and retain it's value.
