It's a decent choice. I've had one before. It was very accurate. In my opinion, without putting a ton of money into a savage, I would upgrade the bolt handle if it's the tear drop. I never liked it. A knurled handle from glades or similar is a nice upgrade. A stock (b&c, HS Precision, chassis, etc), if you can get a deal on the ee, would offer value for your money.
Nothing wrong with savage. But if you put too much $$ into your rifle you won't recoup it. If its a keeper, check out the 10tr thread and see what those guys are doing to their rifles.
Savage makes a pretty accurate factory barrel. Should be good to go.