Originally Posted by kungfoo
economic model assumes a 3% annual depreciation. As far as maintenance, should I expect 10-15% of the boat's (value or purchase price
?) per year just to leave it in the marina? I understand that many components are expected to fatigue quickly when it is used frequently, but I'm not clear on the expected maintenance while in a marina.
200k is our expected economic break-even point compared to renting an apartment (assuming 7% market appreciation mean 10% std. dev., a 50' boat in the port, and ~2k/year for dry-docking and barnacle scraping)
What would you consider reasonable values?
Something to consider is that boats that are old enough are appreciating. Glass boats are more like houses than other types of boats, they last a long time, long enough to start appreciating. Many boats from the 60's and early 70's are worth more than double what they sold
That said they have to have been reasonably maintained for their lifetime. A house will weather
a decade of neglect a lot better than a boat will.
My suggestion would be to look at the economics of the older boats. You pay a lot less for the boat upfront but have to put some or a lot more in to bring the boat up to snuff. But in 10yr you can sell the boat for what you paid or a bit more. You won't recoup the upgrades, maintenance or moorage, but the net return for the whole period may be a lot better.
Next item is to consider what you want to do with the boat:
If you just want to live aboard and go coastal cruising then you are going to pay less in rehab and upgrades and the boat you want to buy will geared more towards living aboard
with less consideration towards the sailing parts
, berths and general layout will be different. Having a dinette (transverse benches at the table or u-shaped, requires significant effort to convert to berth) on one side and the galley
opposite will be just fine.
Example of galley and dinette layout plus: CAL 34 sailboat on sailboatdata.com
If you want to go voyaging then you will need to spend more on outfitting, more light air sails
, more anchors, more consideration about the dinghy
, more solar panels
. You will want to chose a boat with a layout geared towards passagemaking. You will need at least one good berth (better would be 2, 1 for each regular crew) in the main cabin
, a pilot berth or quarter berth would be excellent and good respectively, a settee (longitudnal bench at the table) that has to be converted every night would be OK. The galley would be best by the companion way, better if sink is on or near centerline. 18-24" sidedecks for going forward in rough conditions also become a lot more desirable. A boat with a high sail area to displacement
ratio is also desireable so you can sail longer before resorting to the motor
. As the boat is loaded for crusing this ratio will shrink so starting high is good.
Example showing galley and settee layout with quarter berth and a pilot bert:
CAL 36 sailboat on sailboatdata.com
Unless you KNOW for sure you are going to have a lot of guests as livaboards, having a guest cabin
is a waste of main cabin space making making a small space even smaller. If you go voyaging, guests will not be common enough to dedicate space to.
Boats to consider if you want to go voyaging:
CAL 36 sailboat on sailboatdata.com
CAL 39 sailboat on sailboatdata.com
CAL 40 sailboat on sailboatdata.com
CAL 43 sailboat on sailboatdata.com
CAL 48 sailboat on sailboatdata.com
COLUMBIA 34 Mk II sailboat on sailboatdata.com
COLUMBIA 36 sailboat on sailboatdata.com
COLUMBIA 39-1 sailboat on sailboatdata.com
COLUMBIA 43 sailboat on sailboatdata.com
COLUMBIA 50 sailboat on sailboatdata.com
RANGER 37 sailboat on sailboatdata.com
ISLANDER 37 sailboat on sailboatdata.com
MORGAN 38 sailboat on sailboatdata.com
MORGAN 41 sailboat on sailboatdata.com
TARTAN 41 sailboat on sailboatdata.com
PEARSON 36 sailboat on sailboatdata.com
PEARSON 39 sailboat on sailboatdata.com