Not sure what version of the Model 700 you have. It's a very easy operation on a 700 ADL. I replaced my laminated stock with a synthetic a while back. If I recall it was just two screws, one by the trigger guard and one on the forearm portion of the stock. You should re-sight your scope afterwards. My point of impact moved a couple inches. Not sure about change in value. It costs more to buy a wood stock version than a synthetic. I just set my laminated stock aside, and if I ever sell the rifle, it'll go as part of the package. But.... I don't ever plan to sell it...