It's my humble opinion that your budget is better spent on a boat in better shape, though no doubt that will be a smaller boat. This one? Well I freely admit that I'm lazy and don't want to take on the enormity of that project
, so to me it's worth the scrap value of the (working) parts
. I believe you will need to replace the entire deck
and much of the cabin
trunk; take what's left of the deck
off to reseal the hull-to-deck joint; replace all the through-hulls and hoses; and replace most of the drive train, just to get the boat dry inside. Arghh. And then the water tanks
and fuel tanks
probably need replacing (very common on these boats even when they are in much better shape than this one), which means taking out most of the interior
, which probably also has a lot of hidden rot
, so at least it will come out easily.
The Formosa 46 is a sound design and a great boat in general, but not this one.
Of course, everything I say might be wrong.
Call me Eeyore.