Here .. Pull this
Join Date: Jan 2007
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If you have 50K to spend, I would suggest you buy a 15 to 20K boat and put 30K into it. My reasoning is that 30K is just about enough to replace everything on a 28 to 30 foot hull. 5K on electronics, 3K on the galley, 6K on sails, 10K on an engine, 4K on rigging and 2K on electrical.
The new gear that you put on to your older hull, will be under warranty, and there will not be any hidden issues for you to deal with. You'll know the history of everything. 3K should be enough to maintain it. The first few years your costs will be much lower, but they will increase so if you average it over ten years, 3K should be comfortable...
You really need to think hard though about whether or not you are willing to learn to maintain things yourself. You definitely do not have the budget for yard maintenance. It is not difficult at all to learn, but it is a necessity that you understand how the boat works and how to fix things when (not if but when) there are problems. You can't call a yard techie when you're twenty miles offshore...
T37's suggestion re: chartering is a good one. I think that should be your first move - find out if you like living on a boat before you take the plunge...
I would not suggest that you put your money into a Catalina. They are not bad boats, but there are stronger hulls out there that were not produced in such large numbers. I think you might find it easier to recoup the investment in a beautifully refit Triton, or similar boat that is in demand. At any given time there are 250 Catalinas for sale, and most of them will be cheaper than yours. Someone looking for a Triton (or similar boat) in good shape though, will appreciate the fact that you have refit the boat and be more likely to pay you for the upgrades.
Last edited by Sailormann; 06-15-2007 at 12:30 AM.