Quite feasable, many boatbuilders get started this way.
Time is quotwd at about 5,000 hours for a 1480, mine is te 12.3 and time is supposed to be 4,000 hour but this is highly variable depending on your speed an the desired quality of finish.
For a budget
I would talk to Lorraine Schionning as she has a lot of info and is willing to shre it.
Where abouts are you. Getting labour is difficult in most of Aus and many are going offshore
but this is frought with its own set of difficulties.
Lots of luck