For the overall finish, I've chosen to attempt to stain the body and keep the neck a clear coat of some kind. In my head, I've wanted a purple body and a maple neck. From my first kit build, I have some TruOil left over that I will coat the neck and fretboard. The body itself is giving me a little bit of anxiety since it is basswood. From my research, basswood sucks up finish like no other, makes stains come out blotchy like pine, and has a relatively boring wood grain pattern. For the stain portion, I need some practice. The best way, IMO, is to try it out on some body blanks to see what works or doesn't work. Those cost roughly $50 a pop on the cheap end or will take forever (assuming 1-2 months) to get here from China. But, it's got to be basswood. A lumber yard would probably be the most ideal place to find a slab, but I don't have one near me. Home centers don't really have what I'm looking for. What I DID find was some basswood planks from my local craft store (Joann's Fabrics) for $7. Not the perfect solution, but enough to get me in the ballpark and some trial runs on stain. See what I mean on the wood grain?
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To counter the blotchiness of stain, it's a good idea to pick up some pre stain wood conditioner at your local home center. I've been happy using it on a number of pine projects. It's not perfect, but it will ABSOLUTELY make a difference in the overall finish if your wood doesn't stain very well. I learned the hard way on my first kit build trying to stain a neck and it turned out horrible. Had to sand the whole thing down and start again.
If staining this comes out too crappy I can always change course and try some automobile grade rattle cans for a cool, sparkly purple (Duplicolor).