I don't want to negate the many things that can could be wrong with a boat stored for 5 years on the hard...because there are plenty of things that could be wrong.
However, I actually did buy a boat that had been stored on land, uncovered, for 5 years. I bought it cause it was
cheap, sight unseen, on the
internet, when the
internet was a new thing.
To jump ahead, I splashed it, put in a new
battery, and the
engine started, but would not idle. $100 to the local
mechanic and it was fine. I put up the
mast, checked everything out, added my own (new)
safety gear, and sailed away.
However...the boat was DIRTY. Dirtier than any boat I had ever seen before or since. I scrubbed from top to bottom. It took days. All the woodwork (above and below) needed attention, and some painting below. After about 2 weeks though, it was in pretty good shape.
Now I'm not making any promises about YOUR boat...but I needed to counter the naysayers and doomslingers who have posted so far. Truly, its a mystery...you just don't know until you look/try/test. One thing for sure though....the
price had better be worth it.