Hi,
Well 500 watts is a significant amount of power although it's just getting up there not too high.
For a 500 watt DC to DC converter i dont think a boost circuit would be recommended, although it may be possible.
A transformer based DC to DC converter would be better, and if you want to try a direct DC to AC via transformer that's up to you too.
The transformer based DC to DC would be a switching bridge driving the transformer and the output would be rectified and filtered creating a higher voltage DC. That would then be switched by another switching bridge to get the AC output.
A direct DC to AC would be driving the transformer the same way but with a different switching pattern that contains the line frequency.
The difference is that with the DC to DC a smaller transformer can be used because you can switch at a higher frequency without any low frequency component. The DC to AC will require a transformer that can handle 500 watts at the line frequency (probably 50Hz in your case). So that's the difference.
From this it sounds like the DC to DC would be better. The DC output voltage could then be controlled to regulate the AC output of the second bridge.
What have you done or built in the past, anything like this or any other electronic project? Just so you know this isnt really a beginner type project.