We moved to a house with "older"/original spigots which we want to replace since they are leaky, old and not very useable (probably not up to code either) - assumption is that they are connected to galvanized steel pipes. We can't tell since basement is finished. The leak is where the water comes out from the spigot (where it "should be").
We got an insanely high quote from a plumbing company to go through the basement ceiling and replace the old pipes and then the spigots.
I was wondering if there is anything I could do myself which would be "easier" in order to at least stop the leak, not even replace the spigot itself since we don't "have to".
This is how the spigot looks like: https://imgur.com/a/FynMhPO