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  #21  
Old 03-19-2013
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Re: My Next and Hopefully Last Boat - Which One?

I think that is the first time I have ever heard that putting another 3-4 times the purchase price into a used boat is the norm. I have repeatedly heard more like 20% or maybe a little more. No way am I putting 60000 into a boat in renovations. No matter how much I pay initially. I don't want any fancy systems that are more prone to breaking while out there. I want a basic and dependable boat that will get me there and back in reasonable comfort and safety. Goal is to find a boat that is in as good shape as I can find then put some money into basic updates. Pretty lines are something to consider and will certainly be a factor. Life is too short to own an ugly boat.
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  #22  
Old 03-19-2013
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Re: My Next and Hopefully Last Boat - Which One?

For a boat of this type and size, sails along will be $3-5G. If you pay 20G, you are at %25. Cushions and covers. another $5-10. Re do the rigging. You have 500-1000 just pulling and replacing the mast. much less the wire part. My lines were 2-3g, granted I upgraded from sta-set, you're boat will be more! A gps/chartplotter no matter the cost of the boat, 1-4g depending upon models. To redo the foam backed vinyl liner on my hill was 2-3G for materials, much less the 60 some hrs to do the work. I had quotes of $10G for others with labor!

Not sure where I am at frankly for a total, but if you buy a boat that needs all the above. figure $40-60K on top of the purchase price. By the time you do the above, you would have been better off to get a more expensive boat, and start sailing today! If you do a lot of the work yourself, yes you save, but I have locally also found may say about 3 yrs to get the boat to the way you want it. That was about right for me. Since I race my boat, my sail inventory came out to around $15K for a boat the size of you Ericson 29. Which by the way, do have some 35-40' boat models. I paid $18 for my boat, overall in good shape. but once I started redoing some things. it just kept going and going and going..........

If you want to argue the 20-30% fine. But even Sailing when they do the yearly refab boats in about Jan/Feb many are in the 30-50% range, I've seen a high of 80% depending upon the initial cost of the boat. My 3-4 times is not completely off as you can see. Like my cushions came out to around 10G. I had quotes as little as 5-6G, but spouse wanted the curve seats, buttons, piping, upgraded foam in the berth area, etc, all of which cost more to get done! so we came in almost double than the lowest reasonable cost things to get done.

Sails, one fellow came on here blasting a sail he got. Paid $1500 for one twice the size of mine. My base main is in the $1500 range! I would expect 2500-3000 for that sail. His boat IIRC was also in the upper 30' range.

Look prices up before getting too far into this possible project BEFORE buying a boat if you think 20% is all you need!

Marty
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Last edited by blt2ski; 03-19-2013 at 09:14 AM.
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  #23  
Old 03-19-2013
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Re: My Next and Hopefully Last Boat - Which One?

Blt2ski I understand where you are coming from now your a racer. So yes the 37c would not be a boat for you unless you ocean race (a guy on hunterowners does transatlantic). But for a cruiser they are hard to beat in their price range. Again nice 37c's can be had for around $20000. If you want to see some pics go to crosswindadventures.com the pics are with the old sails. This boat has new local loft made sails.
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  #24  
Old 03-19-2013
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Re: My Next and Hopefully Last Boat - Which One?

I appreciate the feedback but I know the prices and the work that can go into a used boat. My Ericson needed a lot of work when I bought her including new diesel engine, new bulkheads, rotten decks repaired and completely new wiring. Most of the work done myself.

I am not looking to get a boat requiring that much work again, I am looking for a solid foundation, which the H37C sounds like she is, that is in good repair. If I have to pay a little more than 20k and closer to the 30k range then so be it. I'm not looking to buy or end up with a pristine boat in new condition nor one that I can race competitively. I am looking for a dependable boat that is roughly 80% ready to go cruising. There is a 1981 in New Bern that looks to have had many updates already done for 39k which I will be looking at. I'm sorry but I'm with ctl411, I am not buying that I must flat assume I will need to pay 3-4 times beyond the purchase price to get a new boat cruise ready.
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  #25  
Old 03-19-2013
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Re: My Next and Hopefully Last Boat - Which One?

So you do understand the 2 or 3-1 ratio of what it may cost to update a used boat. I would bet the motor alone for you Ericson was 50-100% of the base cost of the boat! Much less repairing the rotted wood work etc. I know a new motor for my boat would be 5G in and of itself, much less the labor to repair it!

The numbers above would be appropriate for a 35-10' boat. Frankly, if you do not want the possiblity of doing to the new boat, what you did to the ericson, you had better upgrade to a 1990 or newer boat. UNLESS, you can find a boat that someone has recently gone thru. Otherwise, yes you will spend 2-3 yrs, 2-3 times the cost of the base to fix it up! Not 20%. A decent set of dacron sails would be close to 3 bills for my boat alone! Much less the 4G ea for a string main and 155 genoa!

I will also add, down below my boat does not look like a racer, it is quite nice! after the 80-100+ hrs redoing the inside. you can see before after results Here along with here For being 28' on deck, the boat is not too bad inside! Granted it does not have hot and cold running water, but many boat of that size in that time frame did not. Later and bigger yes.

From my experience with this boat, and tales as you have, go newer! Unless you want to spend time repairing. Yes the base fiberglass of an H37 is sound. The rest, including a Gin Fizz, will need some help unless you can find one, someone did all the work, could not finish the trip, get to it etc. The Tartan 3500 next the H37C on my dock, at 100K would be a better buy overall. You could probably leave tomorrow per say down the left coast where I am to mexico. I would not recommend it, as there is gale to hurricane force winds forecast for the next day or so.....but that is another story. Then again, being as the T3500 has 7.5' of draft.... you might not like that either. nor the 5.75' my boat has!

Marty
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  #26  
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Re: My Next and Hopefully Last Boat - Which One?

There is one closer to you in NH it's listed on yachtworld as a 36 but it's a 37c. The Greenport NY boat is coming to Lake Michigan a friend bought it.
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  #27  
Old 03-19-2013
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Re: My Next and Hopefully Last Boat - Which One?

I actually looked at the boat in NH a couple of weeks ago and that is part of what made me so interested in this model. That boat did not "speak to me" so its not the one for me but model is still on the list.
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