As with collectable cars, the most financially sound approach is to buy a boat that has just gone through a complete, high quality refit. Many, many people do this: buy a boat, pour a TON of money in, go sailing, and very quickly decide that seasickness is the worst thing in the world, and they sell.
However, its very hard to tell if the refit and all this
gear bought because it was pretty in a magazine is actually necessary, appropriate, reliable, and repairable.
And worse, often the refit was done by someone with money and dreams but not enough experience, and then the boat sorta abandoned. If a boat is afloat, its in very high humidity. This means everything deteriorates very quickly. As we all know well.
So very often (in 100% of the boats I examined) all that stuff needs to be replaced again. Removed first of course, holes filled, new
wiring and
plumbing ...
Eventually, we picked up a boat (Olson 40) I lusted after for thirty five years, stripped it completely, put in all new stuff. Only the glass and balsa
core (which is amazing if built correctly),
aluminum spars, toe rail track, some six year old rod
rigging, solid vang, and stern pulpit remained. Each item is brand new, what I want, installed how I want it, and is easy to inspect,
repair, or replace. Bulb
keel, high aspect rudder, strengthened
keel floors, all
core rot repaired, painted inside and out, new glass,
Harken self tailers, carbon
sails, sprit,
code zero, A3, induction cooker,
electric motor,
LiFePO4, faucets by artists, all new mattresses and soft goods, led
lighting, wireless
instruments, fresh
water flush
electric head, etc etc. its taken two years, nearly done.
The cost was about double our optimistic budget, but less than a new 32 footer. Less
interior than a new 32 footer too! But Olson 40s are fun boats, and darn few boats are actually fun to sail. Most are dull pigs. If its not enjoyable to your soul, don't do it. Life is too short.
If I got hit by
lightning so the boat was
sold, it would sell for half what I spent. But I still have not seen a better financial deal (boat I would rather have for the money), or a boat I would rather own.
Watch for SvenG’s Erickson 39 to be on the market: watch Grenander.com
They made their boat perfect, down to the last item that was giving problems — put in a brand new Beta — and then they bought a trawler!