In the actual market it is better to look for a boat ready to sail away with a discounted price
there are plenty of them.
If you buy a new boat at discounted price
you will have to spend a lot of money
to make it ready to cruise buying
all the missing equipment
, like anchors, electronics,kitchen pots and appliances
,down to bed sheets
Looking for a fixer upper is only valid if you looked at expensive boat, over 250k, the higher the price the highest the discount will be. In that range buyers do not want to fixed anything. Consequently if anything is wrong the boat will sell for 50k or 100k or more, less than normal market value.
for 20k a boat that need some fixing and has a market value of 30 or 35k is not a good option today.
But never forget that in general a boat maintenance
will cost you 10% of the original price per year.A little bitless on small unit but not much. The only way to get away from this rule
is to buy a ready to cruise
boat from someone that has just done a nice prep to go sailing and used it with a minimum maintenance
for 3 to 4 years and put it back on the market with a discount.
Now with this idea in mind, this is not the boat you want to end up buying, it will look cheaper and with a bit of fixing to do but will have a lot of bad surprised as you start sailing and even a surveyor
will not catch all the problems.