Can anyone give a plus/minus of owning one for a first personally owned boat?

My good buddy has had one since it was new in 99 or 2000. It's a pretty nice tin boat. It's held up really well, but he's pretty good about taking care of it. It is narrow by today's standards so it's a little rougher in some chop etc. His has a 90 merc and runs appx 40 mph. I'd say if the price is right and it checks out most would be satisfied for a first rig.