In the actual market it is better to look for a boat ready to sail away with a discounted
price there are plenty of them.
If you buy a
new boat at discounted
price you will have to spend a lot of
money to make it ready to
cruise buying all the missing
equipment, like anchors, electronics,kitchen pots and
appliances,down to
bed sheets, etc...
Looking for a fixer upper is only valid if you looked at expensive boat, over 250k, the higher the price the highest the discount will be. In that range buyers do not want to fixed anything. Consequently if anything is wrong the boat will sell for 50k or 100k or more, less than normal market value.
Buying for 20k a boat that need some fixing and has a market value of 30 or 35k is not a good option today.
But never forget that in general a boat
maintenance will cost you 10% of the original price per year.A little bitless on small unit but not much. The only way to get away from this
rule is to buy a ready to
cruise boat from someone that has just done a nice prep to go sailing and used it with a minimum
maintenance for 3 to 4 years and put it back on the market with a discount.
Now with this idea in mind, this is not the boat you want to end up buying, it will look cheaper and with a bit of fixing to do but will have a lot of bad surprised as you start sailing and even a
surveyor will not catch all the problems.