advice on buying a boat that needs work
This is a long story and I'm not sure where to start because I'm new to this forum and to sailing. So I'll go in chronological order: Went sailing with a friend, anchored in Charleston near a run down looking 1977 33' Morgan Out Island. Found out that the owner wanted to get rid of it, for $500. My buddy and I went over to take a look at it, it's a foot deep in h2o. My friend, who has been a sailor for 20 years and a live aboard for 15+ years said, "knowing what I know now, if i was in your position, I would seriously buying this boat." My position is this: I'm 22 years old, about to finish college in a year, and want to live aboard after I graduate. After some investigating, the story on this boat is that it was a older guys boat, he died and his wife didn't want it. It's been sitting in the harbor at anchor ever since (about a year).
So basically I want a second (third, fourth, fifth) opinion about this whole situation. $500 seems to be a borderline giveaway although the boat needs a lot of attention. My hombre says it's likely the water on the interior is simply getting in from around the prop shaft since it likely hasn't been flaxed in so long, eventually the batteries died and the bilge pump went offline. He says all the exterior parts important for sailing seem to be okay, minus the sails.
The initial goal is obviously pump out the water and installing a working bilge/battery. Then it will need a lot of trashing out of basically everything that's not built in and airing out. Question: what should I expect at that point? Lots of rot? I've read that salt water and/or too much water is not conducive to rot. Would pressure washing the interior with bleach be the next step (as another friend suggested)?
My initial goal is to get it in a liveable condition such that I can stay on it (at anchor) while continuing repairs and then sail-able condition down the road.
Does this seem doable/ a good idea? Any comments or advice are welcomed.
Last edited by drseawell; 05-05-2012 at 04:51 PM.