
05-12-2007
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Here .. Pull this
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Join Date: Jan 2007
Posts: 2,031
Rep Power: 6
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It is going to cost more time and money than you think to fix these issues. They don't sound like they are major, with the possible exception of the rudder, but you need to factor in the cost of materials, tools, books, time and money spent sourcing materials, haul-out and launch, yard storage, etc., etc.
Sailing Dog makes a valid point as far as the difference in costs between repair and buying a better-kept boat.
If you have 5 to 7 thousand dollars to spend, I would suggest that you look at smaller, newer boats. It costs a certain amount of money to maintain a 27 foot boat that is in GOOD condition. It costs a LOT more to maintain the same model 27 foot boat in fair to poor condition. Lines have to be replaced, blocks break, engines are bigger and more complicated, there are more batteries, instruments, sails for a 27 can cost almost twice as much as those for a 22 foot boat.
If you don't have the money to put into the boat to bring her up to snuff, and keep her there, then the boat just continues to deteriorate. In three or four years, when you decide you want to sell, the boat you spent 7 thousand dollars on, and invested another 5 or 6 thousand in to maintain - is worth MAYBE 3 thousand, because it is in poor condition and is competing against newer and much better maintained boats in the market.
However, if you take your initial 7 thousand dollars, and buy a 22 or 24 foot boat in really good condition, and you spent the same amount of money on repair and maintaining her as you would have on the 27 - when you decide to sell, you will quite likely get more than your initial investment back. So you are much farther ahead.
I don't think that 7 thousand dollars is going to get you a good 27 foot boat. You might get lucky and find an 'okay' one, but you need to really do a lot of research about what you're going to have to invest once you have made your purchase.
Good luck and let us know what happens !!!
Last edited by Sailormann; 05-12-2007 at 11:08 AM.
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