Originally Posted by Grunthrie
All that said I would love for someone to chime in for the other side and list some of the pros of buying a blank canvas; perhaps some intangibles that might outweigh the financial cost of the repairs I mentioned in my first post
It sounded like your overall budget (purchase cost plus repairs) was quite tight, which is why I was steering you towards finding a boat in good condition. In general that is the least expensive way to go.
However buying a blank canvas has the benefit of you learning every inch of it. You'll get to make everything meet your particular needs and desires and when something goes wrong you'll probably know exactly why it went wrong.
It's just not the least expensive way to get into sailing. It is the least expensive way to buy a boat, but I'm convinced that the boat will always cost more than if you find a good one to begin with.