Originally Posted by Juho
Don't forget the other alternative of buying
a slightly more expensive boat and having less need to spend time and money
in restoring her. In this approach it is easier to estimate the amount of money you need to make her safe and comfortable enough to sail (=lower probability of costly surprises).
I would try to save by checking numerous boats and selecting the one that has the best balance in this scale from a repairable wreck to a well tested ready to sail boat. I believe the best deals can be made closer to the "ready to sail" end of the scale (since new parts
will cost a lot anyway), but it may take some time to find the best deal.
Having done both: grew up sailing and fixing family
sailboats from age 5 to 25 so had some experience when I started? My own first boat was a project
boat, but at the time it had a new engine
, great structural integrity, and "just needed cosmetic work." Except like all aged, slightly neglected boats it's always always always much more. Luckily it was prior to having kids
so I had time and money. Got to use the boat a lot, but spent TONS of time fixing it up. All my labor, but I put same as I spent on boat back in between sails
, line, paint
, hoses, etc etc etc. i really enjoyed the fixing as a hobby, but wouldn't again.
So when it was time to upsize, I went looking for mint condition versions of the models I was interested in. 10-20% increase in purchase
price is a no-brainer in downstream savings in time and money, if the more expensive model is in better shape. Heck, even 40% more for some boats will actually, materially, save you money even if your labor is free.
I would offer low on this boat.
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