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-   -   Reduction in value of damaged boat? (https://www.cruisersforum.com/forums/f128/reduction-in-value-of-damaged-boat-237479.html)

Guyser 24-07-2020 18:13

Reduction in value of damaged boat?
 
What is a good estimate about the diminution in value of a boat that was seriously damaged but fully repaired, compared to an identical boat that was never damaged to begin with? Im not talking about a boat that sunk or took on water; Im thinking more about the kind of damage that would be sustained in a hurricane while the boat was on the hard. E.g Dismasting; Coachroof and other topside fiberglass damage; Stanchions and standing rigging lost. Etc.

That is, if a never-damaged boat is worth $400,000, what would you pay for a boat in identical condition but which sustained damages that required $100,000 or more to repair her?

Any ideas?

AKA-None 27-07-2020 17:18

Re: Reduction in value of damaged boat?
 
Significantly less and you need to disclose this to any potential buyers

IslandInfedel 27-07-2020 17:22

Re: Reduction in value of damaged boat?
 
Depends on the boat and the repair

A rare boat with a 100% repair, very little.

A dime a dozen boat with a 100% repair, Id wager 15-20%

A dime a dozen boat with a safe but you can tell type of repair, 25-40%


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