Originally Posted by SloopJonB
When you look at the price of new boats, refurbing an old boat can even make economic sense, as long as you do most of the work yourself.
Check out the price of a new 30 footer - well into 6 figures and you'll still have to spend more to commission it properly.
You can pick up an old glass 30' for anywhere from free on up. $10K will get you a pretty decent, usable boat. You'd really have to work at it to spend anything remotely close to 6 figures to bring it back to essentially a new boat.
That's very true and one of the nice things about old boats, as long as you don't expect to get back what you put into it if you ever decide to sell.