Join Date: Jul 2006
Location: New Orleans
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Repair Guesses for an offer
I've found a potential boat - a Passport 40. Which seems to rate well or well enough on this board as an o'r the horizon platform for future dreams. Right now I want to get my skill set back up, do some coastal work for a few years and then perhaps go for that long weekend sail and forget to turn around. I would like to be able to do a repeat of a trip from Miami to CT in a few years for an event.
Anyway - the asking price is low when compared to other P40s. However I did a deck survey today - the broker could not meet me so I could not get below. The boat was ignored for 5 years or so. The teak deck is a mess (about 50% exposed screws, the black stuff (forget what to call it) is hard and cracked, there are visible gaps between boards, etc), the running rigging is terrible (frayed with mold on the surface and inside the lays), the chain plates need to be pulled and rebedded, the toe rail is still good but needs works, the capstan is a manual one and doesn't look like it has been exercised. The pictures that I've seen of below look like it was at least well ventilated. I've my doubts about the engine being anything more than a ballast. She was cleanup up some, so I can only guess how see look before. The broker said something about a new prop, so who knows about the shaft and packing gland. (And yes, if I opt to move forward after going below and poking around I'll get a surveyor!)
So my question on how to estimate the costs of repairs. Oh, I'm in the Katrina Zone and so finding skilled help is damn near impossible and will be for years I'm guessing - they are around but are even more costly. This is my arm chair guess:
Teak Deck - remove & fill all holes, sand, epoxy with nonskid - $15000-$20000
Toe Rail - sand, renew joints, finish - $2000
Chain Plates - Pull, inspect, rebed - $1000
Running Rigging/sheets - Renew 100% - $10,000(?)
Aux Engine - Rebuild (it has sat too for 5 years) - $5000
So, I'm guessing one way to work the offer is to figure out what a well-maintained boat's price is, take 10-15% off of that figure and then subtract the above repair estimates.
Any thoughts would be welcome.
Why a P40? I like Bob Perry designs - they have sweet shearlines (important to me for some reason), nice spoon bows, a modern underwater profile, and a below arrangement that will suit some extended time onboard. The chemical blisters of a Val 40 scare me - and I can not afford one that is a Texas boat. I've looked at Pacific Seacraft and I like them but are a tad outside my price range. I like the Southern Cross 39 (different designer- Gillman if memory serves) but there is only one on the market and too far away - I'm trying to keep to the Gulf of Mexico with the hopes of not having to ship over land.
In general I'm looking for something that is a good solid blue water boat with about 30 feet on the water for speed. I tend to perfer boats without bow pulpits and like cutters even given all of their issues when it comes to tacking.
Thanks in advance.