My questions are:
- Is it essential to replace the generator and the breaks in the short term?
- If yes, what should be the budget for those changes?
The answers will help us come up with an offer if we really like the plane.
Thanks
An alternator is more modern, provides a better source of electrical power. Weighs less than a generator. Depends on the required load- if flying VFR off a grass strip and just a basic radio, a generator will work just fine. Similar to wanting to eliminate a venturi and install an engine driven vacuum pump.
The brake conversion is actually a wheel and brake conversion, comes with wheels, brake disc and brake, all mountings etc. Figure on around $2 K just for the kit. Most conversions are done because parts for older installations are not avail or supported by aftermarket suppliers. No problem keeping plane as-is if what is currently installed is still airworthy. Unless you have the money to spend, or use it as a bargaining chip to lower sales price.....
Then you could mention pull starter is not newer key start....
Or perhaps one or all four cylinders are the early "24 degree" ones
And look at the upper cowl nose cap to see how badly it is cracked and patched....