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  #11  
Old 09-26-2008
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Quote:
Originally Posted by Omatako View Post
I have had my present boat for a year and a half and have spent NZ$20k on it since I took ownership.
Others (Giu) may disagree
So where did the 20k go?
Where these items expected or unexpected from before your purchase?
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  #12  
Old 09-26-2008
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All a sailor does is keep the boat from doing what it wants to do and that's sink...your job no matter the boats age is to keep it from sinking,,,That means sinking money into her...expect to spend at least 20% of what you paid for her the first year...)
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Old 09-26-2008
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When I bought my boat it had some heat damage to the plastic insulation around the rack and cable steering system which cost me about $3500 to replace after 1 year, due to corrosion and stiffness, with a complete hydraulic steering system with some custom metal work done for the mounting of all the parts. Year 2 went fine until I read a post about thru hulls and seacocks on this forum and then realized / was told ( thanks for the advice ) I had a very bad raw water valve which required a haul out and replacement with a proper seacock. After 2 years I have spent about 5% of my purchase price on emergency and required upgrades to be safe. Probably about 18% of the purchase price for all major maintenance in total so far. This doesn't include washes, zincs, bottom cleanings, filters, etc.
My wife and I are still very happy we bought the boat, and enjoy sailing her as often as we can get out. We want to make more upgrades and improvements as we go, but those will be budgetted out over time. I try and keep $5k available every year in case Murphy shows up unexpectedly. We spent it this year to get a few things done while LittleWing was on the hard for the seacock replacement, but now we have new bottom paint, polished hull, new depth and speed transducers, 3 new seacocks and thru hulls, fully inspected rudder, propeller, shaft, cutlass bearing, and all other underwater areas checked out. Just need to install the new Raymarine ST60+ Tridata screen to the new transducers, and we will have working depth and speed for the first time in 2 years.

Of course the normal routine stuff like cleaning the sea strainer, changing water pump impellar, engine zincs, oil, oil filter, 2 fuel filters, transmission fuel, clean air filter, etc. all has to be done regualarly.
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Last edited by LittleWingCA; 09-26-2008 at 04:43 PM.
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  #14  
Old 09-26-2008
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All things considered - the cost of ownership is going to influenced by the condition of vessel when first bought and the upgrades and maintenance you do it. Mine was a perfectly suited sailing vessel with only major issues the bilge pumps, sealing water ingresses, and a few other odds and ends. However, because I enjoy working on my boat - I have already spent well over what I paid for her, in getting her to as an almost new condition or investing in safety items / new systems (by choice). For example, just to have inflatable life vests that have d-rings to attach tethers - 12 of them was almost 5K when all said and done to properly outfit them. I still had 6 perfectly good ones without D-rings that I now use for training. Having 12 of the best ones I could afford is because I can take up to 12 although my crew is usually no more than 9. The additional, are in case we assist another boat in distress and they do not have this safety equipment and we happen to be a responder.

My overall point is - that what you end up spending on your boat is going to be tailored to your overall budget, mindset, and spending habits. Personally, I have no problems dropping x amount on something if I have the money and I see a use for it for the boat. On the same token I know many folks with no budget that get by spending very little and make it work for them.

These percentages people throw around as "rules of thumb" are BS in my opinion and ultimately only you will be able to determine how much is spent for cost of ownership as everyone can live with more or live without. The only true variables - but not really cost of ownership are insurance and moorage. Everything else when put in perspective to what you can do, what your friends can do and how more or less frugal you are determine the rest - and there is no scientific formula for that.
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Old 09-27-2008
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"These percentages people throw around as "rules of thumb" are BS in my opinion and ultimately only you will be able to determine how much is spent for cost of ownership as everyone can live with more or live without."

Thank you.
I've said this before.
Throw out the slide rule, put away the calculator, forget the excel spreadsheets.

The second you use any of the above, you throw all reason to own a sailboat into the "logical" realm,
and... you should have your head (hat holder, not the potty) examined.

Sure, gel vs flooded cell, solar stik vs wind, valtrex vs viagra, those make "sense", "whats this gonna run me"... doesn't. never will.
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Old 09-28-2008
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Well, my figures of $20-25K a year for full-time, 95% anchorage cruising/passagemaking is predicated on having a completely refurbished boat at the very start.

That will cost $60K or so, but it's mostly stuff to be done, not to be undone. Most people can avoid or make optional a lot of "systems" costs, if you think "who needs a fridge for daysailing?"
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Old 09-29-2008
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Wow, this has been dead on for me!

Quote:
Originally Posted by Delirious View Post
The batteries will invariably be slagged and need replacing.
Okay I knew this one when I bought it.

Quote:
There will be three leaks . . . one of which you will spend countless hours trying to find and rebedding at least three unsuccessful fittings or ports.
I have four. Have not tried to fix them yet.

Quote:
The water-lift muffler will fail on any used boat within three to thirty hours of use.
Hm, don't even know what this is...

Quote:
Two pieces of equipment you thought would work . . . won't. This may be anything from the electric bilge pump to the wind meter - but the net value to get both working will be over $500.
Exactly those two things didn't work. Well, the bilge pump works, but not the fancy solid state switch. The wind meter spins wildly at the mast head and the indicator never moves. Turns out its not actually hooked up

So far, one of the biggest expenses I didn't account for I should have seen coming. Books!
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