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  #11  
Old 05-06-2010
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A brand new Catalina 309 costs about 100,000. Figure on another 20k to put sails, electronics etc on it.
You can buy a 1980's Catalina 30 for about 15,000.
So round numbers you are paying about 10% of new for a 30 year old boat.
The percentage number assumes the boat is in usable condition.

Deductions are much higher than additions.

For example on:
Monday Your Catalina 30 is working great it surveys at 18,000
Tues: The engine blows you will be lucky to get $7,000
Weds: You put in a new engine you will probably get $20,000

For example on:
Monday Your Catalina 30 is working great it surveys at 18,000
Tues: A few rusted wires show on the stays, You now might get 13,000
Weds: You do all new standing rigging you get maybe 19,000

In general a boat of a certain brand and age has a max value based on normal condition.
Anything that is in obvious need of fixing will discount the boat by some high percentage of the cost of the item (labor may or may not be included) maybe 70 to 100 percent.
Anything new as in a year or two will increase the value of the boat some very low percentage of the cost of the item (labor is again a wild card) maybe 10 to 20 percent.

Based on this it is cheaper to buy a boat someone else has recently upgraded and to not put money into a boat you expect to sell.

Last edited by davidpm; 05-06-2010 at 10:22 PM.
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  #12  
Old 05-09-2010
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So the high ticket items I should consider as adding value would be newer sails, rigging, engine and that the boat is structurally sound.
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Old 05-09-2010
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Yes. The better the "bones" of the vessel the better off you will be in the long run. Also consider that the gear choices someone else makes may not be appropriate for you, your goals, or location.
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Old 05-09-2010
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Quote:
Originally Posted by crazy8 View Post
So the high ticket items I should consider as adding value would be newer sails, rigging, engine and that the boat is structurally sound.

Rig, Engine, Hull/deck condition are the big three. They're the most expensive to deal with. Sails are also expensive and important, but if the other three aren't in some form of order, even great sails might not close the deal for you depending on the size of the boat (large boat sail inventories will be more expensive than re-powering. And no, it won't cost you $20k to repower a 25-30 boat as mentioned in one of the posts above.) Some one also mentioned to add 10-20% of the purchase price for upgrades and replacements... best advice in the thread.

On our boat, the surveyor found some potentially deal breaking issues. We got estimates for the fixes, took that off the initial agreed upon price, and finished the sale. Sailed for a few weeks while waiting for the yard, hauled, and completed all the fixes. IMHO and given the boat's general resale history and value, we'll recoup the investment. Like others have said though, new electronics are eye candy, but nothing that adds a whole lot to the value of a boat. So long as what exists functions well, you're good.
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Old 05-09-2010
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Quote:
Originally Posted by puddinlegs View Post
And no, it won't cost you $20k to repower a 25-30 boat as mentioned in one of the posts above.)
What did it cost you and what did it include?
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Old 05-09-2010
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If you are a vendor selling your boat, everything you own, no matter when purchased, will be worth more than paid for,... as a purchaser, no matter what, or when purchased will have a value close to $0. Your goal will be to get your counterpart to change their mind... good luck! Should you need to purchase or replace anything, it will cost no less than twice it's real value, and be impossible to purchase until you have replaced it with something else, that won't work.
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Old 05-09-2010
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Quote:
Originally Posted by crazy8 View Post
So how much does it cost for a roller furling, bimini top, new rigging, anchors, electronics, solar and wind power, repairing spft spots etc. I am looking at boats around 25 to 28 ft long and Ive noticed that boats for under $10000 usually seem stripped of gear vs a $15000 dollar boat( $15000 is about as high as I can afford if I ever actually want to set sail with a kitty ). Any comments are appreciated.
Roller Furler $1700
Bimini $1000
New Standing rigging wire: $300
New Standing rigging tangs, toggles, turnbuckles, chainplates $1000
Anchors vary widely in price. Chain and rode have pretty established price ranges.
Electronics are just as expensive as you want them to be.
Minimum size solar panel install $100
Wind Power minimum $500

Repairing soft spots is nearly free. 1 sheet marine ply $60, some fabric $10, a gallon of resin $40.

The problem is that it is a giant PITA to do.

If you are planning on going offshore, it might be a good idea to buy a sound hull and spars, because prudence would suggest you replace everything else anyway!
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Old 05-09-2010
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Repower for my Haida 26' ??? $1000

Sorry to break it to you, but outboards do have their benefits!
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