Originally Posted by Ex-Calif
There are many project
boats here. Generally the current
owners think they are great but even if had for free they will end up costing more than their market value when finished.
Perhaps but consider this.
When I looked at older boats, even those that were in very good shape, they all needed upgrades. For instance, a tayana 37
for 60K might need 40K in work to bring it up to your standards, but one in good shape for 90K would still need a bit of work as well, maybe 10K lets say. So either way your out about the same amount of money
, Except, with the first choice, if done right, your boat will be well known to you. All major systems will be new or almost like new. And you will have the pride of a job well done, instead of just buying
someones elses boat and off you go sailing.
40 was bought that way, and so far I have spent maybe 15K on her. The fuel tanks
will be repaired, all new water tanks
, the pumps all new, as is the hosing. New head
, new holding tanks, purasan. The electrical system
will be new. All major systems will be upgraded. The cushions
wood stripped and revarnished.
Soon I will replace the horrible and ugly bekerson ports
with stainless New found metal ports. One day the engine
will be replaced with a new yanmar
. and the list goes on. All worth it. A boat in very good conditon would have cost 30K more than I payed for it, and some of this would STILL have to been done. And it would have been harder and costlier, as I would have been hesitant to pull tanks on a nicer boat.
My spouse was initally unsupportive of this, but now is in synce. This is my retirement project
and one day she will be good as new, only better cause I will know every inch of this boat unlike most of those that pay someone just to install something minor. The PO was upset when the installer for his radar
drilled thru the fuel
fill hose. I say he should have been upset with him self for paying someone to do what he could easlily have done himself.
I won't sail as much as I could right now, but I get a lot of satisfaction from completing one job and going to the next. Its fun.
Just be sure as you can that its the boat you want to stay with for a while, as it would be a real shame to want another boat after a lot of time expense and money.
I love vagabond 47's. But at 4 times the cost of my boat, and still needing a lot of work, i will stay with my choice and spend time and effort on making it mine.
Good luck to you sir.