Blog that shows restoration costs - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > On Board > Gear & Maintenance
 Not a Member? 
  #1  
Old 01-03-2008
night0wl's Avatar
Senior Member
 
Join Date: Mar 2006
Location: Fort Lauderdale
Posts: 1,397
Thanks: 0
Thanked 15 Times in 15 Posts
Rep Power: 9
night0wl is on a distinguished road
Blog that shows restoration costs

Hey All,

So, I'm in good position to haul home a free sailboat. A 1978 Hunter 27 which is in pretty rough shape. So, in order to figure out what I've gotten myself into, I was hoping that someone has a good blog that shows the process and particularly *COSTS* that someone took on to restore an older weekending sailboat.

On a sidenote, is it even worth trying to restore this one? Or better to scuttle it offshore Fort Lauderdale and create a new "reef" for people to enjoy
Reply With Quote Share with Facebook
  #2  
Old 01-03-2008
Junior Member
 
Join Date: Dec 2007
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
seaward25 is on a distinguished road
It depends on how rough it actually is. There's something to be said for all boats, of course, but a Hunter 27 isn't worth a lot of money compared to other boats.

Is it complete? Any hull delamination? Sails? Do you want something serviceable, or a "like new" restoration?

How much do you value your time?
Reply With Quote Share with Facebook
  #3  
Old 01-03-2008
sab30's Avatar
Senior Member
 
Join Date: Oct 2006
Posts: 240
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
sab30 is on a distinguished road
Any Photos?
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Sab30
Reply With Quote Share with Facebook
  #4  
Old 01-03-2008
night0wl's Avatar
Senior Member
 
Join Date: Mar 2006
Location: Fort Lauderdale
Posts: 1,397
Thanks: 0
Thanked 15 Times in 15 Posts
Rep Power: 9
night0wl is on a distinguished road
Quote:
Originally Posted by sab30 View Post
Any Photos?

No photos...yet, I'll try and take some tomorrow or this weekend.
Reply With Quote Share with Facebook
  #5  
Old 01-03-2008
night0wl's Avatar
Senior Member
 
Join Date: Mar 2006
Location: Fort Lauderdale
Posts: 1,397
Thanks: 0
Thanked 15 Times in 15 Posts
Rep Power: 9
night0wl is on a distinguished road
Quote:
Originally Posted by seaward25 View Post
It depends on how rough it actually is. There's something to be said for all boats, of course, but a Hunter 27 isn't worth a lot of money compared to other boats.

Is it complete? Any hull delamination? Sails? Do you want something serviceable, or a "like new" restoration?

How much do you value your time?

From what I saw, the boat is complete. Sails, rigging, engine. Although the engine does not work/has not been started in 7 months. Honestly, I'd like something thats serviceable so I can go sailing down to the Florida Keys on a good weekend/long weekend. Value of my time, well...I'd say $63/hour is what they use at work when we do NPV, IRR and Capital Budgeting for the IT projects I estimate for my users

But realistically, I want to use this boat to train on (fixing rigs, diesel work etc) for my bluewater boat I want to purchase in 20 years or so.
Reply With Quote Share with Facebook
  #6  
Old 01-03-2008
Member
 
Join Date: Jan 2007
Location: Seattle Washington area
Posts: 70
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
Northbeach is on a distinguished road
costs of ownership

I have spent about $1,500 a year on average over the last four years on my 30 year old 24’ Cal. That average includes amortizing a $3,000 yard bill for the first year (hauled, bottom painted, rigging replaced, VHF installed and a few other miscellaneous items). She is in the water all the time, I own the moorage slip, but the marina fees still costs me $720 a year. I do as much of the work myself as I can. I don’t have a diesel to contend with just an 8 hp gas outboard that hangs off the stern. So in 4 years I have probably spent $10K on the boat (purchase price plus everything else).
Reply With Quote Share with Facebook
  #7  
Old 01-03-2008
night0wl's Avatar
Senior Member
 
Join Date: Mar 2006
Location: Fort Lauderdale
Posts: 1,397
Thanks: 0
Thanked 15 Times in 15 Posts
Rep Power: 9
night0wl is on a distinguished road
Quote:
Originally Posted by Northbeach View Post
I have spent about $1,500 a year on average over the last four years on my 30 year old 24’ Cal. That average includes amortizing a $3,000 yard bill for the first year (hauled, bottom painted, rigging replaced, VHF installed and a few other miscellaneous items). She is in the water all the time, I own the moorage slip, but the marina fees still costs me $720 a year. I do as much of the work myself as I can. I don’t have a diesel to contend with just an 8 hp gas outboard that hangs off the stern. So in 4 years I have probably spent $10K on the boat (purchase price plus everything else).
I have a dock on a canal behind my home, so no costs for storage. What marina fees are you including here? Just the storage during the time work is bieng done? Can you elaborate more on exactly where that $10k went in terms of cost per system or item upgraded/replaced?
Reply With Quote Share with Facebook
  #8  
Old 01-04-2008
NOLAsailing's Avatar
Senior Member
 
Join Date: Sep 2006
Location: Mandeville, LA
Posts: 504
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
NOLAsailing is on a distinguished road
It will cost three times as much as you think it will and take twice as long. I guarantee it.

It can be a lot of fun, though. Set aside the cost of the work, for a moment, and ask if you really want to get into the project. It can be very rewarding, but it takes a tremendous amount of time and there are occasions when you'll truly wonder why you ever got into it. Which is why you have to want to do it for the sake of improving the boat to your own standards.

In my experience, it is almost always more cost effective to buy a boat that has already had the major work done. That's just a reality - you can burn through a $1000 in no time at all. I purchased my boat in May 2007 and I've already got more than $15,000 in her - above the purchase price and I did not start off with a project boat.

It depends totally on the scope of the project, the type of sailing you intend to do, the size of the boat, and the standard to which you want to do the work.

You will probably find Tim Lackey's encyclopedic website very helpful: http://www.triton381.com/

Here's a link to where he goes over the numbers (click at your own risk): http://www.triton381.com/projects/re...ion/budget.htm. Bear in mind that he is a true craftsman, so while he gets "free" expert labor, his boat is completed to the very highest standard.
__________________
-Jason

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #9  
Old 01-04-2008
sailingdog's Avatar
Telstar 28
 
Join Date: Mar 2006
Location: New England
Posts: 43,291
Thanks: 0
Thanked 9 Times in 9 Posts
Rep Power: 13
sailingdog is just really nice sailingdog is just really nice sailingdog is just really nice sailingdog is just really nice sailingdog is just really nice
The costs are going to vary with each boat, depending on the condition and what work needs to be done. The cost will also vary with your skills. The more skilled you are, the less it will generally cost. There are quite a few websites that show boat restoration projects, but these may or may not be applicable to your boat, depending on the differences in design, materials, construction, amount of neglect, etc.

One thing I'd point out is that you can pay far more in restoring a neglected sailboat than it would cost you to buy the same sailboat in useable/sailable condition. That is very likely the case for the "free" boat you are looking at. The cost of repairing a boat is generally far greater than the cost of getting the same make/model boat that doesn't require the repair.

If you count the cost of your labor—which you're valuing at $63/hr.—you'll find that working on the boat is a very expensive proposition. Of course, some people ignore the value of their time for whatever reason... but the tools, materials and parts are still fairly costly.
__________________
Sailingdog

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Telstar 28
New England

You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.

—Cpt. Mal Reynolds, Serenity (edited)

If you're new to the Sailnet Forums... please read this
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
.

Still—DON'T READ THAT POST AGAIN.
Reply With Quote Share with Facebook
  #10  
Old 01-04-2008
soulesailor's Avatar
blue collar cruiser
 
Join Date: Nov 2007
Location: Casco Bay, Maine
Posts: 370
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 7
soulesailor is on a distinguished road
Quote:
Originally Posted by sailingdog View Post

If you count the cost of your labor—which you're valuing at $63/hr.—you'll find that working on the boat is a very expensive proposition. Of course, some people ignore the value of their time for whatever reason... but the tools, materials and parts are still fairly costly.
This is quite true. I do not keep track of my hours spent working on my boat and recommend you do not, either. If I did keep track of my hours I would end up calculating the cost of all my projects including labor. It wouldn't be long before I just had the yard do everything because it was 'cheaper'. The next step would be me spending all my time at work and other people spending all their time working on my boat. Uggghh!
__________________

who is staring at the sea is already sailing a little
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Micro Budget Cruising - Hidden Costs Looper Cruising & Liveaboard Forum 7 10-29-2012 07:37 PM
Costs of running a charter stlcat22 Chartering 0 11-18-2006 11:27 PM
Annual boat costs maxcontax General Discussion (sailing related) 0 10-06-2004 02:47 PM
Fischer Panda Owner''s Forum geoffschultz General Discussion (sailing related) 2 12-29-2003 10:16 PM
Start-up and Running Costs Mark Matthews Buying a Boat Articles 0 01-12-2000 07:00 PM


All times are GMT -4. The time now is 05:06 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.