It's my humble opinion that your budget is better spent on a
boat in better shape, though no doubt that will be a smaller
boat. This one? Well I freely admit that I'm lazy and don't want to take on the enormity of that
project, so to me it's worth the scrap value of the (working)
parts. I believe you will need to replace the entire
deck and much of the
cabin trunk; take what's left of the
deck off to reseal the hull-to-deck joint; replace all the through-hulls and hoses; and replace most of the drive train, just to get the boat dry inside. Arghh. And then the
water tanks and
fuel tanks probably need replacing (very common on these
boats even when they are in much better shape than this one), which means taking out most of the
interior, which probably also has a lot of hidden
rot, so at least it will come out easily.
The Formosa 46 is a sound design and a great boat in general, but not this one.
Of course, everything I say might be wrong.
Call me Eeyore.
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