Join Date: Mar 2011
Thanked 0 Times in 0 Posts
Rep Power: 0
approx refit cost
Howdy ya'll, first post here. To preface I've been around boats my entire life, grew up around power and sail boats and even lived an a catalina 30 for a year as a child. For highschool I went to a Naval academy in Florida where I truely learned how to sail bymyself.
for the last month or so I've been heavily looking into purchasing my first personal boat. I am confident enough in both my sailing ability and dexterity to reffinish a boat, I'm an aircraft mechanic by trade, and while that doesn't entirely translate into boats it does give me experience overcoming problems I'm unfamiliar with bymyself. The only thing I'm not as confident about depth of my pocket book.
If I purchase a structuarlly sound (well, as far as boats go) boat for $5,000 will it take $50,000 worth of love? I'm looking for something that has a good deck in need of new paint (no soft spots but no nonslip either,) has a cabin with decent floors but is in need of a new sole ( I would not use teak, either paint or use the rubber/gelcoat matts), and needs other odds and ends like light engine servicing, new cushions, etc. is <5,000 for the boat and <15,000 for refinishing reasonable? I see excellent condition c30s and the like going for 20,000 all day so I imagine I could get a beat up boat and put 10,00 worth of my labor and the internet's supplys into it and be proud.
In the aviation industry anything you'd buy for a plane will run you atleast a grand, a simple new yoke for a be58 will be atleast a grand, new carpeting for the 20 sq foot enterior will be several several grand, and so on. I'm afraid that because boating is also a luxury it'll share the same million percent mark up.
Also allow me to explain my reasoning behind spending 15,000 on a rough boat rather than just buying a good condition boat from the gate. I've always learned by simply getting into something and doing it, if I bought a boat in need of some love and refinished it, I'd learn much more about it and be much more confident in it and my abilities than simply purchasing a good condition boat. I'd also be able to set up the boat like I want it (the gelcoat/rubber sole rather than teak and holy for example.)
For example of the kind of boats I've been looking at here's this: (okay I can't post links in my first few posts, but this is what the add reads)"This is a project boat but has so much potential once finished. It has all sails and rigging, inboard 38hp diesel (not running), lots of teak wood and all cushions are included but will need to be recovered. The hull is all fiberglass and extremely solid. I've spent the last week taking out the interior and prepping it for the repairs so the hard part is done. This boat will go to the first person with $5000 cash. I hate to see it go but I don't have the money to do the repairs. To the person that buys this boat, I will help you work on it and I have 2 guys that will also assist. It can be ready to sail to the bahamas in two weeks! The boat is currently at Salt Creek Marina in St. Pete and will have to be towed out or you can rent a slip from them. Serious inquiries only, Call/text xxx-xxx-xxxx" Forty feet is actually a lot larger than what I've been thinking (more like 27-30), and the guy does not list the hull# or even the model, which makes me nervous, but it's hard to beat 40 feet for five grand.
too lazy; didn't read: Is <20,000 reasonable to purchase a structuraly safe boat and refinish it to make it something I can be proud of?