Join Date: Feb 2010
Location: Narragansett Bay
Thanked 390 Times in 369 Posts
Rep Power: 9
So you need to find/buy a new mast, boom, rudder (tiller too maybe?) and daggerboard, which means you will need the hardware, standing and running rigging for them as well. On a 12 ft boat, I will bet those parts will cost more than the same used boat would cost, if complete. That's why it was free my friend. You know you need to fix obvious rotted wood, but I would assume there is core rot you can't see. You didn't mention whether it came with her sail(s).
The appliance repairman tells you that the part and his labor will be $400 to fix your washing machine. You can buy a new one for the same, would you fix it?
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.