Join Date: Aug 2002
Thanked 0 Times in 0 Posts
Rep Power: 0
Mike, costs are probably a bit higher than you're
expecting, at least if you have on the rose colored glasses I was wearing when I bought my boat.
In 2000, I purchased a nine year old 32' semi-custom sailboat. My prior ownership experience was a 21' Freedom (purchased new), and a 17' Boston Whaler (likewise).
I completely underestimated what it would cost to bring the boat back to the level I wanted as the prior owner hadn't been very diligent. Over the last 7 years I have spent, exclusive of insurance and slip, approximately 90% of the initial purchase price of the boat for maintenance and upgrades and replacements. This calculates out to about 10-15% per year, but most of it was spent the first two years of ownership.
I discovered that at about 10 years of age, there are lots of things that will need replacement: sails, standing and running rigging, lifelines, most electronics, etc., etc. There are also many things you may want to replace that aren't as mandatory, such as exterior canvas, interior cushions and foam, etc., or that you want to add and that the boat didn't already have, such as cockpit cushions, dinghy, SSB, etc. Then there are the repetitive maintenance issues such as bottom paint, oil changes, etc. that you never get ahead of...you just keep up with.
I now have a very nice looking boat in very nice condition, but after 7 years of ownership in Florida (admittedly a tougher environment than most other places in the US) I'm starting to see parts I replaced soon after the purchase that will need to be replaced again fairly soon.
Try to find a boat where much of this stuff has already been done, as I believe the marketplace undervalues this work considerably and you'll be doing it anyway so why not buy it already done at a discount?