Re: Cape Dory 25 - Project boat
I took on such a project 4 years ago, purchasing mine for $3500. To get it back in top shape I put in around 11k. Mine had an outboard (2 cycle Johnson 6) and a set of very used sails. Teak was pretty sad but the fiberglass was in good shape considering her age. A lot of elbow grease was involved, but we knew that going in (this is our 3rd sailboat). Here on an inland lake the slip fees are $2500 + per year; insurance and twice-yearly bottom cleaning add another $500.
Anyone who thinks sailing is a budget-friendly activity just isn't paying attention.