...because you really want to sail but are a bit short of cash right now ?
Every day there is a new "what do you think of this boat ??" type of post from someone who desperately want to sail but doesn't have much saved up. It can be very tempting to read a description of a boat - go look at it - and see that it is indeed big enough to stand up in,, that it has a mast and sails and a toilet and even a fridge ! All for $10,000.00 ! Deal of the century !
Anyone thinking about buying a boat needs to understand that there are maintenance costs associated with it.
It is easy to underestimate these. I have a 30 foot boat that was described as "in very good condition" when purchased. The surveyor told me "this is about as good as it gets". I keep track of what I spend on her. Here is the list for this spring:
137.28 Step Mast
11.3 Aluminum Swage clips
98.88 Replace Electric Buffer/Scrubber
53.53 Screws and washers
48.77 Step Ladder
100 Move Cradle
28.76 AA Batteries
97.25 Cabin lights
38.22 Bimini Straps
28.97 Boat Soap
135.58 Vinyl Lettering/ Fibreglass repair kit
176.8 Water Fill hose and Marinetex
101.7 Windex and Screws
187.54 Deck Light and Wire
77.78 Lazy Jacks
114.45 Garden Hose and Rack
111.25 Pressure Water Hose / Fittings
23.2 Cleaning stuff
57.85 Screw Caps
45.37 Bilge Cleaner
33.89 Sink Drain
98.72 Hose Clamps and Snap Shackle
$3,531.74 GENERAL MAINTENANCE COSTS
Then there are the things I replaced over the last 12 months... (Costs before taxes - actual receipts are at my office)
750 Hot Water heater
1100 2 Batteries
200 Starting Battery
180 Bilge Pump
130 Water Pump
Then there are club/marina/mooring fees and insurance costs. These vary depending on your region and boat but find out what they are and remember that you are going to have to come up with that money every year.
You can look at this list and say "I don't need that item" or "I can do without this thing" but you're going to end up spending the money on something.
If you don't have a lot of money - don't try to buy a bigger, cheaper boat. Get something that you can afford to maintain so that you can look at her with a light heart and a smile on your face thinking about how much pleasure she brings to your life rather than the drain she puts on your finances.
Good Luck !