SailNet Community - View Single Post - Used boat budget and "investment" question
View Single Post
  #11  
Old 04-05-2011
olson34 olson34 is offline
Senior Member
 
Join Date: Oct 2000
Location: Portland, OR
Posts: 654
Thanks: 1
Thanked 5 Times in 5 Posts
Rep Power: 14
olson34 is on a distinguished road
Lightbulb "tommays" is right

Quote:
Originally Posted by tommays View Post
When buying a House OR Boat fixing stuff that should already work may make it more desirable on the resale market but it is always questionable how much you will get back

The less you pay the more likely the systems are near the end of there useful life.
"Deferred Maintenance" is the painful bite that reality puts on bargain-obsessive boat shoppers.

You might find a 40 year old boat with all needed upgrades done, at a really low price because the owner just lost his/her job... but do not count on it happening often in the real world! (And being first in that line is a matter of luck, too!)

More likely you will find a classic Cal, Ericson. Tartan, or C&C that needs some major upgrades and maintenance. If you find one that has all the work done already and is priced twice what the others are, it's probably worth every dollar.
In the end, you have to live within your monetary budget and your time budget.

One place to look, other than the Classy Classifieds, is the "for sale" forums in owner sites like EricsonYachts.org: The Starting Point on Ericson Yachts!.

Happy shopping,
L
Reply With Quote Share with Facebook