Budget Numbers

[Stu Jackson]

Originally Posted by l2ridehd

Thanks for everyone's input.

It seems many of you do not believe this can be accomplished.

This will be a fairly long process, but I will get there.

I actually think you've been given a LOT of good input. Forget the naysayers, you have a good idea. Your two challenges are simple:

--- structure

--- input data

This is no different than any other budgeting exercise.

Good luck, you can and will do it.

[a64pilot]

Originally Posted by zboss

I don't know what airplanes are like but the marine industry is full of incompetent tradesmen and is pretty much a corrupt and thieving industry. Of course, there are folks and marinas out there that are awesome but its very difficult to find them. Cost of billable services is in no way proportional to the skill of the hired help.

Airplanes, boats, houses, automobiles, all have absolute scoundrels who sometimes get caught and go to prison, yet there are many true professionals who take pride in their work.
If you don't do your own work, tough part is finding somehow to weed out the scoundrels and find the professionals.

From a budgeting perspective, I've found doing your own work it's possible to determine costs very close to actual, hiring it out, not so much.

[zboss]

Originally Posted by PortClydeMe

Not so difficult. Just up the coast a piece from Port Clyde. Do you like lobster?

Hinckley. 130 Shore Rd., Southwest Harbor, Maine.

Contact Information

Yea, HINCKLEY. There are TWO on the east coast US.

Marinas and "the good guys" are never where you need them.

[Skip JayR]

Might be interesting..... just found this website of a sailor who retired in 2001 and documented the whole process of becoming an owner on his website:

start point... Retire Onto A Sailboat

Some pages in particular:
Lifestyle of Living on a Boat and
Costs Of Buying And Cruising On A Boat

[Scott Berg]

Best info I've ever found is Beth Leonard's THE VOYAGER'S HANDBOOK
Great read and excellent, real world numbers

http://www.amazon.com/The-Voyagers-H.../dp/0071437657



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[Jman]

Originally Posted by Scott Berg

Best info I've ever found is Beth Leonard's THE VOYAGER'S HANDBOOK
Great read and excellent, real world numbers

http://www.amazon.com/The-Voyagers-H.../dp/0071437657



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I don't disagree it is s great book. Nearly a decade since its last update, so some "real world numbers" will need to be adjusted.


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[cabo_sailor]

Based on my personal experience, the cost of ownership = how much do you have and then maybe add 10%. I have a 38 ft boat. Cost of new mainsail , track system, and 110 Yankee. Roughly $8K. Just replaced all 26 yo electronics, $10K , replaced all lights with LED's, 1K. Bottom job including haulout and splashing, $2K.
Miscellaneous repairs $5K. Cost of full coverage insurance $3800/yr. cost of full liability only insurance, $800/yr. This is in addition to dock fees and all the little parts and pieces for everyday maintenance.

Getting the picture? Owning a boat is not cheap and the bigger the boat, the more expensive. Lines are bigger, hardware is bigger and systems more complicated.

This is not to discourage you from owning a boat but be careful with the spreadsheet. I used them all the time. Remember GIGO.

Rich


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[travellerw]

Originally Posted by cabo_sailor

Based on my personal experience, the cost of ownership = how much do you have and then maybe add 10%. I have a 38 ft boat. Cost of new mainsail , track system, and 110 Yankee. Roughly $8K. Just replaced all 26 yo electronics, $10K , replaced all lights with LED's, 1K. Bottom job including haulout and splashing, $2K.
Miscellaneous repairs $5K. Cost of full coverage insurance $3800/yr. cost of full liability only insurance, $800/yr. This is in addition to dock fees and all the little parts and pieces for everyday maintenance.

Getting the picture? Owning a boat is not cheap and the bigger the boat, the more expensive. Lines are bigger, hardware is bigger and systems more complicated.

This is not to discourage you from owning a boat but be careful with the spreadsheet. I used them all the time. Remember GIGO.

Rich


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To further complicate things.. I just replaced all the lights on my boat with LEDs and spent about $200. I used standard RV enclosures and custom built the LED modules.

I'm only bringing this up to show the diversity of the numbers depending on how you choose to do things.

Make a rough budget, then MAKE IT WORK. That was my plan.