Actually... Yachtworld is a good web site to check. You are looking at a budget
of 30k. Look around at the asking price
closer to 40, round of a third of the asking price
, and come up with a value you believe it would sell for and be fair to both the owner and yourself. Then decide what you would be willing to pay. If you find a broker that enjoys walking the docks with you, they can pull up the recent sold prices of those boats in similar condition.
When you find, specifically, what brand, model and length you want, keep an eyeball on 15 or so different boats that are close enough to be local. Go down and look at them, and find the best of the bunch as far as condition goes. Spend an afternoon on each, look them over as a self survey
. You'll be looking at a price range, driven by the budget
... But you want the budget to buy a boat you can sail today with minimum investment in "Fixing" things.
Put in an offer on each at what you've got to spend... and wait. You'll get counter offers back, for what the owners would close today. While you are waiting, keep working and saving. If it takes you 6 months to get an offer accepted, you've got another couple thousand in savings for the boat. Repeat the offer process, or revisit those still on the market. Some of them drop out of listings, but haven't sold. You can follow them around to ebay and back. Just keep your eyes open, and a short list of which ones you want and don't hurry it. If it will take you a few months to fix a project
so it can move under its own power, walk away for a few months and see what else is out there.
You could have snagged a condor 40 trimaran
for less than 16k up in Maine
earlier this year. There was another down in North Carolina
floating around 40. There are a half a dozen west sail 32's out and about with asking prices below 40 down around Florida
. I walked away from a Norsea 27 for 13k a few years ago... (Boat poor at that moment. Would have been a nice way to polish up and make 30 or 40k off it.) There are a few Prout Mongooses around with asking prices under 40k.
Here is a Piver
asking 29k. 40ft Piver Trimaran
Don't buy a project
, that is a dead end. Unless you want to marry the boat, and will never sell it, ever... A cold molded plywood
cat or tri, with no name recognition from the designer
and no pedigree will be worth about the same as what you pay for her as a project. Even after, all the blood sweat and tears you pour in and hundred dollar bills you put in. Boats aren't investments, but that doesn't mean you can't at least hold some of the value by buying
a boat with a pedigree, and not a project that will take your budget and everything else you've got to spend.
Give yourself the opportunity, to buy a boat that you don't have to work on for the next few years instead of sailing... and buy one at a price, that even if you spit polish it and sail it to somewhere where there is demand for that boat, you can convert it back into boat bucks and either have the use of the boat for free for the time... Or even make a little off it.
If you buy a boat with the mindset that every "project" on board is 2 days of actual labor, and a week or two of materials hunting. Anything larger than that deducts drastically from the price. You want 20 an hour, for how ever many days its going to take to fix it. Bad water tanks
? Hmm... Deck
recore... Hmm. There are a lot of boats out there, keep walking.
You really can't make anything off a project boat, that should be free, or they should charge you to take it using the 20 an hour rule
. Unless it has a big lead keel
that is going to scrap. There aren't very many boats, that are total derelicts that will come back to life without spending far more than they are worth to make back into cherries in materials alone... That isn't to say there are none out there, just... very few.
The sort or projects you can buy and perhaps earn something back for your labor are things like blown engines... That still turn, and haven't sunk. Or Dismasted... but a common boat, that you can find a mast
within driving range off a local derelict in a boat yard.
At the end of it, for 4k you can buy a drum of resin and hardener... Or you can go find a Hunter
27 with a Yanmar
and a propane
range and heater and go sailing today. Keep saving up, and then when you've got it to buy what you want... Sell it, get your 4k back and go buy a boat that isn't a project. As an aside, the Hunter
27, is downright cavernous inside the hulls in comparison to a wharram
without a main salon
tying the two hulls together.