when to walk away?
ok, So, I have what to my (admittedly biased) eye is a beautiful boat. She''s got "classic" lines, a little bowsprit, she sails in a breaze, has neutral handling, draws less than 3 feet, yet the one time the top of my mast got wet, She popped right back up as soon as the main was unsheeted. I picked her up for $1000 and I''m in love. she''s got a 7 sail inventory, the winches are lewmar, she''s got 2 sets of 200 feet of 3/4 inch cordage and 20 feet of 3/4'' galvanized on either end hooked up to a 25# plow and a 10# cqr, and all the running rigging except the main halyard is brand new.
So all thats good.
The mast is rotten, and a new mast means a new step, I''ve got a new traveler for her which I need to install. All the electic was shot so she got rewired but still needs a real switch box, she''s got some fungus below despite my best drying attempts and basicly needs a whole new rig, new inside paint, finished electric (box and lights) etc. And after all of that, she''ll still be a 19'' boat with about 4'' of headroom at the larger part of the cabin.
add to this that I''m looking at moving on from day sailing to doing some weekending and small (week long) coastal passages shortly, and hopefully longer cruising in under a year.
So, the debate between my friend and I is as follows, I love her. She''s a great little beginner boat, but
1.) for what I want to do at this point, she may not be the best boat.
2.) To get her back up to a condition where I trust her at all to do what I want, I need to invest many times what I paid for her.
on the flip side:
1.) I know whats wrong with her.
2.) I know how she sails.
3.) She''s paid for (which is debatable, as I own her, but I still need to fork over for parts)
So the question is, do I need to bite the bullet and cough up the few g''s in parts and just spend the winter finishing her off,
or quit trying to polish a turd, sell her cheap to someone who''ll use her for what she was originaly ment to do, and go out and get a better cruising boat.
Obviously this question will have a billion answers and it all depends on the person involved, how much I care about the boat, yadda yadda yadda, so with that disclaimer out of the way, if I could just get your feedback, I''d apreciate it.