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post #26 of Old 11-17-2012 Thread Starter
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Re: Post Survey Cost Estimates

After receiving estimates, factoring in the various comments advice and suggestions received here and from others, and further negotiation with the seller- we've decided to proceed with our purchase of the E32.

How did we get here?

I provided a copy of the survey to the Marina along with some of the items that I thought may warrant a 2nd look, including the mast compression, deck delamination, and hull/cosmetic issues. I also asked them to provide costs for re-wiring the mast and some other fixes that are secondary to the purchase transaction (things I would like to upgrade myself).

I must say that being new to boating my experience with the marina was good- knowledgeable and helpful. However, I do not recall them informing me there would be a cost to provide the estimate- nor did they mention it when they emailed the estimate. When I received it via snail-mail it included a bill for over $200 (3 hours time on the boat). Frankly, based on the language in the estimate (short/sweet), and the fact that the survey probably provided a lot of the background needed to provide the estimate... I doubt it took 3 hours- or maybe it did- I don't know... Anyway- chalk this up to my own failure to ask/confirm if the estimate would cost anything- and first hand experience that while marinas serve a valuable purpose- they are indeed out to make money and lots of it as soon as possible... (aren't we all...).

I say this with a : Boat repair estimates are not like buying carpet, they take time, people need to crawl up ladders, they need to open ports, lockers, and hatches, they need to sniff, touch, rub, tap, they need to es-ti-mate... and if it's raining- add an hour... Buyer beware....

Regarding the estimate itself- the costs for the things that I specifically attached to the purchase (deck de-lam, and a couple other things) totaled >$5000 however some of the items were not significant to the survey results (they were cosmetic issues). After speaking with several people about the compression around the mast area I do not think it's a structural concern. I am factoring in potential removal of the mast for re-wiring, and replacing the mast compression plate in my decision here (future upgrade/fixes).

The seller has agreed to fix the deck de-lam, and some other fixes/things that I did not note in my original post. Some of these items were noted in the survey as minor- some were included in the estimates. I let the seller know my concern regarding him doing repairs versus the marina. He gave me more info on his background (specifically sailboat) in repair and I am putting my faith in him to do it right. This is a risk I am willing to manage, and we are witholding X dollars pending adequate completion of the fixes.

So key factors in our decision were:

Structural or Cosmetic? - Most of our concerns were more cosmetic in nature. Granted the deck delamination/mast may be structural but not major or near any kind of failure point. We are buying a 30 year old boat- We know there are issues going in, and may need to invest in some upgrades ourselves. Our cost entry point is comfortable for us and we feel like we're getting a boat we like at the appropriate price for it's condition/age. An early 80's Catalina or Hunter would bring with it their own types of issues. Endeavours are noted to have some gel-coat issues; which this boat has, and which we can live with- like wrinkles they add character.

Agreed fixes - We have a significant list of agreed fixes to be done by the PO. He has a racing team background and I am placing my trust in him- not always an easy call to make but I'm okay with making this one. The list incliudes the deck, rudder, port-lights, hatches, and a couple of other things (including wash/wax/bottom paint), and we have a deposit that should be enough of an incentive to do right, and/or subsidize further repair if needed.

Included equipment - Sails are newer and include 2007 or newer Genoa, Asym w/sock, new main in 2008, newer running rigging, 2 lewmar ST40's, 3 blade feathering prop, nice cradle with box... The electronics package is also pretty solid with ST60, autohelm and SL70 GPS/Radar (no radar dome).

Long story short - We like the boat, we know it has wrinkles. We've vetted the survey against folks more knowledgable than us, got some estimates for repairs, re-negotiated with the seller to incporporate some repairs- and are moving forward with the purchase... We haven't closed yet- hopefully there won't be any surprises on that end...

In the meantime I'll be getting comfortable with Nigel Calder, beefing up my book-smarts, learning some new knots, shopping for slips, and saving my pennies for that hole in the water I'm gleefully diving in...

Can't wait til spring!
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