Clark wrote:I recently acquired my second 170B, a very original '53 model with less than 2000 hours TT. It's never been painted, has the original upholstery, headliner and carpet, I even have the original Superhomer radio and antennae. My question relates to how its originality affects its resale value. The airplane is a "flyer" and not a museum piece. Specifically, should I fight maintaining the polished aluminum or paint at least the wing upper and lower skins with a silver/gray paint? Would the installation of shoulder harnesses detract from its value? The Cleveland brake coversion is certainly less costly to maintain and seems to work better than the original Goodyears, but again, is the airplane worth more with the original brakes? Would upgrading the gyros to something more modern make the aircraft worth more or less? In repainting the red stripes, would a base coat/clear coat be a determining factor in judging its originality? TC

When shopping for an antique firearm it's important to be able to tell the difference between an original finish with the patina of age...vs a re-conditioned firearm that's been made to look original. In the first case the firearm will command a premium price. In the second place...only an unknowlegeable buyer will pay a premium price for a re-finished collector's piece.
Not exactly so with airplanes. Especially with "flyers". While an original airplane might bring a premium price over an identical-condition airplane that's been heavily-modified....it also depends on what specific modifications were performed. Example: The original seatbelts were flip-open friction buckles. But those buckles, despite originality, are dangerous and illegal since an AD was issued against them. So an original airplane with those original seat belts would suffer a lower value as the result.
Same thing with Goodyear brakes. While the Cleveland conversion might cost you a point or two when judged at airshows when compared to another equally-well preserved airplane,...in the marketplace the Cleveland brakes are well-known value enhancements. (They are also a safety improvement.) ELT's are not original equipment, but they are required safety items, and a non-equipped airplane will suffer at the marketplace.
Paint is a unique consideration. If a potential buyer is someone who is a trophy-hound and only gets his satisfaction by running around the country chasing airshows/judging events....then it's probably much more valuable to him in original livery. But the average owner, even the ones who are real original afficionados,...will likely forgive a well-executed paint job that follows original lines but skips the polished part and has a plain color painted on the originally polished surfaces. "Custom" paint jobs that vary widely from origninal factory schemes and colors usually do not prove to be good investments from the re-sale position, ....but the person paying the paint shop and using the airplane has the personal enjoyment of his creation while he owns it at least. Depending upon how far a departure from factory original (or subsequent model-year schemes even), the re-sale price will reflect way-out departures. (An example of a scheme that may not suffer would be a 170A or B painted in a later 172 paint scheme. The Cessna-factory flavor still seems to fit the genre so the marketplace doesn't penalize the value too badly based on scheme, and the relative quality and recency of the paint job may more than make up for it, pricewise.)
It's a hard decision whether you wish to wash and wax, or polish and wax. Any airplane needs to be kept clean and presentable to show well to a potential buyer. But you need to decide what will make you most proud of her. If an owner is proud of his bird, he'll keep it good looking and it'll bring a nice price. If he thinks of it as a bland looking airplane, so will a buyer. (Most people love the looks of an original polished airplane....as long as someone else does the work of keeping it that way. For their own they prefer something they perceive as carefree.)
Painting only the wings or selected surfaces strikes me personally as a half-baked potato. I would rather see an airplane all one way ...or all the other, but maybe that's just me.
The original radios are desk-top curios,in my opinion, and should be relegated that station in life. They offer no value to the flying airplane.
The instrument panel and gyros are a mixed bag. I personally prefer the original panel. But I get to fly modern equipment at work and get it out of my system there. I enjoy the goofy placement and appearance of the original panel. I even believe it sharpens my skills as an instrument pilot because the original panel makes me constantly review my scan. In real IFR conditions the lousy lay-out makes me work, and it drives boredom away. It doesn't resemble my real everyday-work at all, and that's partly why I love it.
But for the recreational pilot who intends to take his "flyer" 170 and use it for serious transport,...well, ...he's likely to be more appreciative of a cleanly updated panel with modern gyros more reasonably located within the panel.
If the original interior is in mint condition it will add considerable value. If it's in faded, torn, stained, and worn condition it'll be a detract. Interiors are like paint schemes. Custom interiors that depart drastically from the historically correct interior can harm the resale value. Nicely completed yet updated interiors will preserve value, while nicely finished restorations in original colors/materials will add a lot to a buyer who appreciates originality. (I've got a friend who lives only 5 miles from me who owns a 1950 A model in original paint and interior. The bare metal is very dull having never been polished and the interior is beginning to fall apart from age. It's a flyer. I believe it is worth more than a worn out delapidated A model that's had several paint jobs and re-rags, but I don't feel it has more than $2K or $3K more advantage, because they both will need restoration and both will cost about the same to do it. My friend is thinking it's like a firearm. I don't believe that's quite correct. But if one intends to have an Oshkosh-winner, then a couple grand extra for my friend's might be in order to have all the pieces at once. But for a flyer, I'd rather spend the extra couple of grand on the restoration.
If you tell me the kind of buyer you'll be showing it to, I'll tell you what kind of condition you should have been keeping it in.
