Think extremely carefully before any rewrite. Read Joel Spolsky's blog post,
There's a subtle reason that programmers always want to throw away the code and start over. The reason is that they think the old code is a mess. And here is the interesting observation: they are probably wrong. The reason that they think the old code is a mess is because of a cardinal, fundamental law of programming:
It’s harder to read code than to write it.
This is why code reuse is so hard. This is why everybody on your team has a different function they like to use for splitting strings into arrays of strings. They write their own function because it's easier and more fun than figuring out how the old function works...
The idea that new code is better than old is patently absurd. Old code has been used. It has been tested. Lots of bugs have been found, and they've been fixed. There's nothing wrong with it. It doesn't acquire bugs just by sitting around on your hard drive. Au contraire, baby! Is software supposed to be like an old Dodge Dart, that rusts just sitting in the garage? Is software like a teddy bear that's kind of gross if it's not made out of all new material?
...It's important to remember that when you start from scratch there is absolutely no reason to believe that you are going to do a better job than you did the first time. First of all, you probably don't even have the same programming team that worked on version one, so you don't actually have "more experience". You're just going to make most of the old mistakes again, and introduce some new problems that weren't in the original version.
The old mantra build one to throw away is dangerous when applied to large scale commercial applications. If you are writing code experimentally, you may want to rip up the function you wrote last week when you think of a better algorithm. That's fine. You may want to refactor a class to make it easier to use. That's fine, too. But throwing away the whole program is a dangerous folly...
