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Congrats! I bought mine March 2015. Now the projects begin - fortunately for you this group and database of knowledge is AMAZING.
In the 2 years I've had GypSea lots of projects. Recovered cushions, New Canvas, and curtains (wife did these), Standing Rigging replaced, Heat Exchanger, Replaced Port side Fixed Port Lenses, Rebuilt roller fuller, replaced Head Counter & nav upper counter, replaced cutlass, new lifelines, new exhaust hose, new main... that was all in the first six months.
You've hooked into the best bank of improvements I've ever come across.

I purchased GYPSea and found the head counter rotted. Traced the leak back to the vented stanchion. Yep, it went from there along the fiberglass lip to the bulkhead then down to the counter in the head. As a result the counter above the nav station also had rotted and needed to be replaced...

Thank you for the warm welcome and things to look after!
Sail number is 739.
Previous owner did most of those critical upgrades.
Finally replaced all upper standing rigging this weekend. The wife and I went out for our first sail on Tampa Bay. Wind was 11-15 SSE clocking to SW. Jib and (bagged out old main) we did 5.8 stead running and reaching. Dropped the main and didn't loose a tic. Time to replace the main! Also there was no water in the back of the boat behind the shaft. I guess tightening the rudder stuffing bolts a couple turns made all the difference. Great to be part of the group and have such a resource! Thank you all!

Hi Folks,

I'm really glad to be here! My wife recently approved selling our 1980 Pearson 28 for 'the bosses boat'. The result is the purchase of 1988 C34 MKI Gypsea. While she was the cleanest C34 we looked at, she needed some serious attention. I thought I'd let you in on my short list. We've owned her for five weeks and have spent nearly $4000 in repairs. We haven't gone sailing yet. Not even sure how she handles. Here's the list:
Survey of rigging (original) reported crack in swage of the port upper and the forestay at the head showed the wires untwisted. This told me the rigging needed to be replaced. Roughly $1100 later, I installed all new upper stays. Then there was the obvious head counter that showed some water damage....but where did it come from. My wife was slightly shocked when I started ripping out the counter, cut out a section of the bulkhead, and then ripped out the counter above the nav. Yep the fixed port leaked above the nav and proceeded to run. It was really a labor of love getting rid of rotten plywood counters (and the smell) <$165 with replacement Formica >. The rest are basic findings as I have crawled from bow to stern now....
$500 Hood Seafurl rebuild from factory
$175 continuous line for furling
$700 bottom job (did myself at my sailing club)
$50  replaced cutlass & greased the maxi prop
$700 Jib sacrificial replaced and new head, tack, clew webbing & jib sheet
$250 New port side fixed ports (thanks Len at Catalina)
$35  Replaced a dozen broken hose clamps
$50  Replaced strbd scupper hose which was attached but ripped in half at the scupper
$25 Replaced pvc A/C thru hull that was deteriorated
$25 Filled propane tank and had valve repaired

Then there's those things that just come with discovery:
Water appearing behind shaft not from PSS dripless but I think it was from the rudder stuffing whose bolts were loose.
Wife made new drapes (sewing on 300 little slider tabs made this a chore)
On my previous boat, we had four interior cushions, so the wife thought it would be no big deal to pull all cushions and clean them. We had no idea we now own 20 cushions!
Routed new wiring for the Raymarine speed, depth, wind while removing a bunch of old wiring.
Thanks for this wonder resource. I've been browsing and reading all the projects.
We are very excited about owning such a beautiful boat.
Engine maintenance comes next, but hopefully a sail is in order before too long.