So, like 10 years ago when I got a big amount of money for Christmas, I went and bought my first guitar, which I could really only afford a Squier Bullet. Fast forward to now, I still have this but I also have a Epiphone Les Paul Standard a friend gave me.
I like the Les Paul, but I like the lightweight body of the Squier. It obviously sucks, it's 10 years old and is not a great build quality, but I still like playing it. Barring personal feelings about keeping my first guitar or buying a new one, would it be better, long term, to just replace the parts on it that suck or is the whole build quality just holding it back?
I bought an old Bullet Strat for playing when I have home in the states, and I would definitely consider putting in some mods. The fret edges are abysmal, but everything else seems solid. The only caveat is that you won't get much of your money back for your mods if you ever sell it. They won't really increase its resale value, apparently.