I restore old boats, I build small boats, I rebuild
engines, I know my way around an electrical system
(- IS negative and + IS positive, right?), I build nautical niceties and necessities, i can work a moisture meter and poke hulls...
and i still get any purchase bigger than $5Gs surveyed.
Three reasons why:
1. It's required by my insurance company, BUT, experience has shown me that a purchase survey and an insurance survey are two different horses on the same course, so to speak. When your surveyor asks you whether the survey is for insurance purposes, three things usually happen- the survey cost goes down, because the survey is more cursory, and the valuation applied by the surveyor usually goes UP.
2. It's a second pair of eyes. An experienced SAMS surveyor may see things that I didn't, or that I didn't worry about, because my paradigms are different from his.
3. MOST IMPORTANT REASON: It is a bargaining tool. If you look at a boat and make a whole list of deficiencies, the broker and the seller can simply blow you off, unless you have a whole string of abbreviations after your name, among them NA.
But, sign a deal subject to survey, and the surveyor presents a list, even a short one of deficiencies, now you have something to negotiate. I have never had a survey cost me more than $750...and I have never had a survey NOT save me at least $1000.
In other words, i do it because a survey doesn't cost anything.