How worthwhile is it to convert an old trailer for a 16 foot boat into a utility trailer? I have an old one that my dad is letting me have and I want to convert it into a utility trailer. It needs new wiring and lighting as well as new wheel bearings. I have a few extra pieces of steel that I have purposely put aside for this project (was initially gonna scrap those pieces with the rest of the steel I currently have), so that's a start. Also, and I ask this for guys here who have done this before, how much (lbs.) were you able to safely carry in your home-made utility trailer from an old boat trailer?