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Building Custom Fender Vs Buying New Fender

I have a dilemma.

I currently have a Squier 70's Modified Jazz Bass, that I kinda want to rip apart and customize, but want to know if its worth it, starting from a squier. Is the wood good enough?
modified bass.jpg

Or, do you think its better to buy an American Jazz Bass, and swap out the pickguard or other small things to get it to where I want.

The end goal is this.
My custom Bass.jpg
But I don't want to spend 2200 buying it like that. Haha.

Any advice is greatly appreciated.

Thanks.