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post #5 of Old 12-08-2006
Join Date: Jul 2000
Location: Maine
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I think it depends on your future plans. If you love this boat and plan to keep it for the long haul it may be worth the investment. If not then sell it before it becomes a non recoverable financial burden. I am currently spending 30-40k on deck work for a 40' 26yr old boat that probably will never be worth more than 60K due to it's unknown origin and have already spent 30k in upgrades over the last several years. But I've had both a surveyor and reputable fiberglass shop tell me they haven't seen boats built this well for 10 times the price. Since we love it, the way it sails and we also want it to look nice, the money will be well spent. However, this is a lot of money for us and we are basically stealing our own retirement. It was a hard decision whether to give the boat away for whatever we could get for it or bring it back to life as the deck was a mess and embarrassing at the docks. Good luck with your decision.
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