Great right out of the box, unbelievable sound, clear, loud and bell sounding but still very full sounding.
The hardware is as you'd expect, useable, but it's got the typical HB neck, very soft and quite impossible to play in tune in recording standards, but it's great as a first banjo.
It may need a bit of fine tuning and setup, but once you get it there it sounds waaaay more expensive than it is.