You received some excellent replies to your query! I have so much more to add I'll make three posts out of the information, one as a Tayana V-42 owner, one as a surveyor, and one about the V-42 decks. Since that is most important to me I'll start as a 1983 V-42 owner. (Haha, my boat owns me!)
My boat was in much less worse condition than the one you are considering and I've put in close to 2000 hours per year for the last four years and still have another year of work to do. I live aboard so I don't have to pay extra to store the boat while I work on it, and I can (and do) work any and all hours of the day or night because I do not have to drive to get to it. I am emphatically fastidious, so you can choose to do half as good of a job as I'm doing, that's 1000 hours per year, but no matter your effort I doubt that you'll finish the work in less than five years.
Boracay is also correct that project
boats affect relationships. Many things go into a relationship falling apart, but a frequent accusation of my last husband was that I am married to my boat. (We had His and Hers boats and I think he should take better care of his boat.) You and your wife seem to be going into this together - you'll be fine, right? Between the time, money
and effort required, and all the choices that must be made to fix that boat you are very likely to have conflicts of interest over that five+ year period.
I also agree that your estimate of $20,000 is grossly deficient. You will spend that on the rigging
alone. You'll spend $1000 on tools and safety equipment
, $1000 on consumables such as rubber gloves, paper towels, sealants and solvents, $1000 on hose, fittings and hose clamps (osirissail was being serious about B.O.A.T.), yes, the list is seemingly endless. I am also an ABYC Certified Corrosion
Technician as such have reason to think the prop shaft on that vessel may need to be renewed - another $1000. For the same reasons the stainless rudder
post may also need to be renewed - many thousand$. Everything requiring attention will be attached to something else that is broken or needs fixing - my first two years for every project
I crossed off the list ten more were added. You are considering a neglected boat that Tayana equipped to last 30 years - everything needs renewing.
And if you are like most people you'll also want a water maker, autopilot
, and other electronics
as mentioned in previous posts - easily $20,000 there.
BTW, have you looked into the expense of towing the boat to a yard? I do not know the distance to the yard you are considering, I seem to remember that the broker wrote there are two yards within 60 miles of the boat. It wouldn't surprise me if you would have spent $1000 by time the boat is blocked on the hard
A very few of my projects to address your questions posted to the Tayana Owner's Group: There is a tiny brass fitting for the holding tank
vent hose, when I renewed the hose it snapped off - since I had to mess with it, might as well close off that little hole and install two standard-size vents so the tank can get some oxygen and stop smelling so bad. The 30 year old stainless steel
fittings for the waste going in and out of that holding tank
are rusty and also need to be renewed. (I was trying to postpone that project until the day after I died, but if I don't do it soon I will wish I was dead!)
All the hoses needed to be renewed. This hose, attached to a below-the-waterline seacock, split in half when I moved it. The same nasty hose is used to fill the water tanks
- you'll want to renew those too.
Here is an example of Tayana joinery - this cabinet was built around the chain plate
(the other side was also inaccessible). I had to cut up the cabinet to pull the chain plate
(two of my six shroud
chain plates have crevice corrosion). Also notice the exposed fiberglass
- it was impossible to access any deck fittings, and everything had mold
behind it from deck leaks
so I finally gave up and ripped out the inside of my boat. What was once a beautiful cabin
now looks like something out of a Mad Max movie
. I like being able to see all my bolts and wiring
, but if you don't then add the cost to rebuild
the cabin to that $100,000.
sheet track bolts leaked and the deck core was mush there. The headliner
is glued onto plywood
that is nailed onto the underside of the deck - there is no access to the deck or any deck hardware
without ripping it out - it cannot be removed without destroying it. (That square thing on the right is a mirror - you'll get good with those real quick.)
Here I also had to cut notches in the cabinet to access the nuts for the jib
sheet track. This galley
cabinet is the same one pictured in my post about the decks, and you can see a leak from the jib sheet tracks there.
When I ripped out the insides of the galley
cabinets to access the underside of the deck and renew the fuel
fill hose I uncovered the copper propane
line to the stove. It was heavily corroded from the toe rail leaking onto it (you can see part of it in the bottom right of the cabinet above), so I renewed it with rubber hose. In the process of my unsuccessful attempt to connect the modern fittings to the old stove I found that the propane
feed lines inside the stove were corroded beyond their useful life and I had to purchase
a new stove.
You will also want to renew those 30-year old bolts on the cleats
- you'll have to rip out the headliner
to get at the nuts. Then of course, might as well upgrade those micky mouse little cleats
to ones substantial enough for that size vessel.
Here is another of the thousand unforeseen projects - an insect built this impressive nest inside one of the fuel tank
vent hoses. The tank could not vent - this was a MUST do completely unanticipated project, and, like the propane line and stove innards, something a surveyor won't find. It was very difficult to remove the vent hose - have you noticed the Project Extender Phrase?? MIGHT AS WELL Since the vent hose is off might as well renew it with modern approved vent hose. And need to check the other fuel tank
Time and money, time and money - it is very easy to quickly ring up $100,000 and 5000 hours on an old boat. (Hey, that's only $20/hour to work on your boat!)
Cosmetic water damage is your least and last concern with that boat. My recommendation is to continue saving your money until you find a better boat - there are always two or three V-42s on the market. But, no matter what boat you buy you will likely spend many thousands of dollars in repairs
and upgrades and a year or more working on it.
Whether you buy this boat or another one, if you do not know how to fix something that is not a problem - there are many helpful books
available and the people on Cruiser's Forum are invaluable. You CAN do it, and it may be the most fun, rewarding thing that has ever happened to you. But it is also possible to botch many things, lose a lot of money, and wreck your marriage. Although my boat has been the best thing to ever happen to me, I wasn't planning to purchase a project boat in the first place, and hope to never fix another one.