Buying a Boat +budget + use + maintance = useful imformation

[satdiver]

I figured I would start a thread with some guidelines. I would be interested in seeing responses that fit within these constraints and less on personal philosophical views

Type of Boat (specifically)
Year Built
Year Purchased
Listing Price
Closing Price
Estimated Value (Survey + Market)

Yearly Maintenance Average
Hauling Average
Yearly Upgrade budget

How you use the boat (Year round or Seasonal)
Day Sail or Cruising or Liveaboard
Near Shore or Offshore

Slip Fees Monthly + (location)
Mooring Fees if applicable

If insured yearly cost and type of insurance

Type of Boat - Alden 44 Bemudian Sloop configuration
Year Built - 1992
Year Purchased - 2009
Listing Price - $395,000
Closing Price - $156,000
Estimated Value (Survey + Market)
Survey $275,000
Market $300,000

Yearly Maintenance Average $6,000 - $10,000. Note I spent around $25,000 the first year of ownership.
Hauling Average $1500 - $2500
Yearly Upgrade budget $1500 - $3500

How you use the boat (Year round or Seasonal) Year round
Day Sail or Cruising or Liveaboard - Cruising Livaboard
Near Shore or Offshore - Both

Slip Fees Monthly + (location) Currently in a Slip in LA $440 p/m
Mooring Fees if applicable N/A at the time

If insured yearly cost and type of insurance BoatUS and Progressive - Liability $1 million Basic BoatUS yearly totals $2,640 per year.

[Oregon Waterman]

Uh, no.

[lonesoldier0408]

Originally Posted by Oregon Waterman

Uh, no.

I agree, insurance only helps if you live through the incident and the following litigation. Most of my boating equipment would have to have a quarter taped to it, to prove I suffered a loss... 😡. 😱

[satdiver]

Originally Posted by lonesoldier0408

I agree, insurance only helps if you live through the incident and the following litigation. Most of my boating equipment would have to have a quarter taped to it, to prove I suffered a loss... 😡. 😱

What are you agreeing with?

[sealubber]

Type of Boat (specifically) 145' Lurssen
Year Built 2010
Year Purchased 2012
Listing Price Don't Know
Closing Price Don't Know over 15 million I've been told
Estimated Value (Survey + Market) Survey $9,000,000 Market is what some idiot will pay for it.

Yearly Maintenance Average $2,000,000
Hauling Average Depends on the yard
Yearly Upgrade budget not relevant

How you use the boat (Year round or Seasonal) 3 weeks per year
Day Sail or Cruising or Hotel Continent to Continent
Near Shore or Offshore Coastal

Slip Fees Monthly + (location) Varies
Mooring Fees if applicable

If insured yearly cost and type of insurance a bank

Source Captain of the vessel.

[blueyama]

For someone looking to buy a boat I like where this is going! It would be helpful to see how the whole ball of yarn adds up, not just theoretically but real case scenarios.

It might be good to add what "time frame" you owned the boat, since the information might still be helpful but a bit out of date.

[Stevediveski]

Seams like boats are going well below asking price or valuation. I'm looking for a boat but havent pulled the trigger yet. I'm looking for that awesome deal but everytime I think I find it I think "Its too good to be true" so I dont bite. I think I've lost out on a couple awesome deals but I'm too scared of being ripped off. I just dont know enough yet, and when the truely good deals come up they dont last long enough for me to do any homework. Duh oh!!! Damned it all to >)98.

[Stevediveski]

Does nayone need crew for sailing in Australia 0(I'm in Brisbane right now, but will go anywear for the right trip)? I'm super keen and ready to go at the drop of a hat.
Steve

[Stevediveski]

Yes I'm aware of my attrocious spelling. Sorry to all those pedantic ppl

[Stevediveski]

Originally Posted by blueyama

For someone looking to buy a boat I like where this is going! It would be helpful to see how the whole ball of yarn adds up, not just theoretically but real case scenarios.

It might be good to add what "time frame" you owned the boat, since the information might still be helpful but a bit out of date.

Hi Blueyama,
I'm looking for a boat too. Where are you looking? Do you know of any good websites like auction houses or repo sales, police auctions etc that I could look.
Good luck to you I hope you find what you're looking for soon.
Steve

[Stu Jackson]

We bought a 1986 Catalina 34 in 1998, in pristine condition for $54K, new ones at the time we selling for $106.

In the past 15+ years we've spent around $40K on maintenance, repairs, haulouts, bottom cleaning. Doesn't include fuel, marina/dock fees or insurance ($467 a year, coastal cruising)

Figuring "yearly" maintenance costs is kinda tricky, since one needs to define maintenance and upgrades and haulouts. Maintenance can be pretty flat rate (spares, oil changes, filter changes, etc.), while the others have bumps (I hauled out every two or three years, then once went five years due to an injury), and some don't upgrade electrical systems, but we did right away, and then years later upgraded the alternator.

[JK n Smitty]

Type of Boat Catalina 310
Year Built 2001
Year Purchased 2010
Listing Price $72K
Closing Price $64K
Estimated Value (Survey + Market) $62-65K (rare boat so it holds its value well)

Yearly Maintenance Average $575 (I do all my own work, this cost is parts only. I probably spend another $500 on tools each year I have owned this boat too.)
Hauling Average New England waters so we haul every winter. Included with cost below. A short haul (2 days) usually runs around $500 in my area.
Yearly Upgrade budget (Don't let my wife see this post) $6-8K. We are in year 3 of a 5 year plan to upgrade our boat and go cruising through the Caribbean. So our costs would not be considered typically for most. My friends at the marina spend closer to $2-3K annually).

How you use the boat (Year round or Seasonal) Currently seasonal live aboards (April to December in the Boston Area)
Day Sail or Cruising or Liveaboard Part-time live aboards/cruisers, moving to full-time shortly (house went on the market today)
Near Shore or Offshore Near shore

Slip Fees Monthly + (location) Hingham Shipyard Marina. We due summer in water at a slip and winter on the hard. Costs $4,603.5 annually, so $354 monthly. Electricity is an additional $200 per season in the water. We will be in-water live aboard this winter and expect a small increase to our winter storage. I am budgeting $400 monthly for next year.
Mooring Fees if applicable Town of Hingham charges a mooring fee even if you are at a commercial slip. The cost is $7/foot. You get one dinghy with your permit.

If insured yearly cost and type of insurance $850 annually for full coverage on the boat plus $30K of equipment. Covers New England waters from April 1st through December 1st.

Nice topic. I can't wait to read what others add.

Jesse

[satdiver]

Thanks JK and Smitty, I'm sure your post will be helpful for anyone in the market for a Catalina 310

[lonesoldier0408]

Originally Posted by satdiver

What are you agreeing with?

The fact that your expenses associated with boat ownership and use are directly linked to what you have and are willing to part with. Which is why I don't smoke, unless I'm on fire...