I once bought a 41 year old boat
for 1.9k, spent about 5k in repairs
and additional equipment
, added lots of elbow
grease, and then sold
it for 8.5k after I was done with it. It can be done but I already knew my boats pretty well when I did so. I did it not only to sail but also to learn. And I learned two lessons:
1. I had oodles of fun sailing it and don’t regret it one bit.
2. I probably won’t do this again and prefer to pay more for a boat
with less work
on it that would still be a good deal.
In your case the only troubling thing is that you seem to have little experience in which case I’d also recommend walking away. But if you are handy in general then you might as well have a look first, disconnect the shaft from the gearbox
and verify that the engine
runs well, check out all other equipment
(are the sails
still crisps, is the running rigging
not too UV rotted, does the fiberglass
seem sound without rotten core
, are there traces of rainwater leaks
inside such as discoloration of woodwork or moldy smell, do the keelbolts and fiberglass
around them look good, etc.). If all those things check out then you might go ahead with a surveyor
, buy a used outboard
for $500 (and still do something about the strut) and off you go.