If you do it for the hobby, then it's great. I restore a lot of rifles just for fun but as mentioned many times before, it is almost cheaper to buy a full wood in some cases. Decent rebuilds are available for as little as $450. in the #4s.I picked up a beautiful all original #4 mk2 Pakistani for $450 last week. They can be found I used to pay about $25 for foretocks. Now I am lucky to find them for under $100.If you check out all the major parts suppliers, Numrich etc, you will find their parts lists are getting shorter
I rebuild a lot of 22s. I might pay $50 for a rifle, $45 for parts, 6 hrs to reblue and redo the stock and it is now worth $100. Again. It is the hobby.