Join Date: Nov 2009
Thanked 82 Times in 77 Posts
Rep Power: 6
Re: What is this??
Damn, that's a hard boat to walk away from. Looks very sporty.
Dude, that boat is in BAD shape. She can be saved, if you take the following points into consideration:
1. You will never, EVER get your money back out of her. Ever. Don't even try.
Rebuild her for love, not for profit or investment.
2. You must avoid the "Project Boat Death Spiral":
You buy the boat, start the re-fit, it becomes overwhelming, you quit, the boat decays further in your yard until it is unsalvageable.
You avoid the Project Boat Death Spiral by:
a. Making this your one, and only project. No cars, motorcycles, houses, etc.
b. Having the unequivocal support of your wife/family. If you don't, you will fail.
c. Budget carefully.
d. Remain motivated. You must make some kind of improvement or repair every week, no matter how small. You are literally fighting entropy (time). Even small improvements can keep your morale, and motivation up. Even cleaning the boat can help, when budget limitations keep you from pumping any money into her for a week or two.
Yeah, it can be done but it's a serious undertaking.
S/V Old Shoes
1973 Pearson 30 #255