Originally Posted by capt13
When did almost 10K become dirt cheap? Zounds.
More seriously, it does sound like a *lot* of money to spend on a boat without spending another 350-400 bucks on a survey. Especially since you are already looking at another $5K for a repair.
Not to tell you how to spend your money, but try to think of the survey as the first money you're willing to put into her. A few hundred bucks on a good surveyor may well prove one of the best investments you can make in a 43 year old boat.