Engine (either full re-build or swap???) im a novice and im building a 2.0 8v engine. strip everything off methodically and its simple, just like a big jigsaw! get an abf bottom end, and pm 'vagabonds' on the club gti forum and get a p&p head, inlet and exhaust manifold. with wur mod, shold see a good 175bhp
Interior (prob just 2x front seats, re trimmed door cards, full carpet and maybe a half cage) strip everything you can, it'll save loads of weight
Suspension dont bother with coilovers unless you want to spend a quarter your budget.get the weitec fixed hight kit, and theyve lowered the price of their antiroll bar kits to £200. then go to rally design and pollybush the whole thing
Front & Rear braces no point, rear looks cool of stripped out though
Re-Spray (Prob stick to Red) will take more than your budget for a good job. maintain the rust, and cut and polish the car a few times
Wheels personal choice really. but stay with 15's around 7" wide, and dont skimp on tyres
and maybe Brakes get g60's, no question with that new abf power!
if you can do most the work yourself, which if i can, you can! that lot will set you back around the £1400 max, and youll have something that will keep up with civic type'r's and most mk4 golf turbos. dont pay anyone when you can do work yourself, save the money and put it towards a good tool kit.this is just my opinion of course, any q's just ask
Paul