Yeah, it usually always costs way more to refurbish these old laptops than you think it will. Once you have to start replacing GPUs, the costs can really add up. It's more for the fun of it though, like you say.
Keep in mind that these laptops will usually not boot if everything isn't hooked up properly, including the keyboard. It was a weird design idea which they scrapped from the R3 onwards. You'd think that the system was completely dead until you realised that the keyboard ribbon cable wasn't seated properly.
Good luck with the refurb!