Originally Posted by osvaldo
Iīm interested in a catamaran
like the one in the picture, itīs a Dean 33, from 1988. I still have to spend around 8.000,00 euros with reparations. The reparations itīs things as painting work and carpentry work inside the cat, and a new hidraulic system for the rudder
. Can you help me to decided the value, that I should offer (a fair price). Thank you.
And sorry about my bad english
It appears the market for one that the owner has already done a lot of work is $120,000 (77,000 euro) Assuming it could be bought for $100,000 (64,000 euro) in todays boat market. That means if you can get the boat you are looking at for just under $90,000 (58,000 euro), you are about even with purchasing
a boat that someone else has already done most of the work.
The problem is the assumptions 1) you can fix the fix up boat up for only $12,000; 2) the other boat doesn't need anything addition spent on it.
of thumb when figuring the cost to repair a boat; double of triple what ever you estimate.(and that is not even counting your time and labor)
Again using $100,000 as a base point, I wouldn't give more than $65,000 (39,000 euro) for the fixer upper. IMHO, spending any more and you are better off getting the boat for $100,000 (64,000 euro) with most of the work already done.