Join Date: Feb 2013
Location: West coast of Canada.
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Re: Looking at buying a Discovery 47'
Here's my two cents from one west coaster to another.
If you want a floating condo and can work out the liveaboard situation so that you are secure in your location and liveaboard costs, then go ahead and buy it and HOPE that you can get away with $3,000 a year for upkeep costs.
But......if you want to go offshore someday, run as fast as you can from this deal. It's way more than you can afford and it's way too much boat to single hand and look after by yourself. Look to spend the same overall amount (purchase plus upgrades) on a boat in the 32 to 38 foot range and you will actually be able to go sailing rather than be chained to a money pit.
My wife and I have worked for 30 years and have owned a half dozen boats during that time, cruising 25,000 miles up and down the B.C. coast and Southeast Alaska. We how are lucky enough to own a 46 foot sailboat on which we are heading south this coming fall. Even though we can afford her and her upkeep (just), she still seems a bit more than we really need sometimes.
Much better to own a smaller great boat than a bigger mediocre boat.
So, I hope that was worth two cents.
Good luck and don't be in a rush to buy.