1968 Columbia 50
Join Date: Mar 2013
Location: Allegan, Michigan
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Re: What To Take Into Account When Considering A 40+ Year Old Sailboat?
Goat_boy, leaks like those would generally fall under normal maintanence..things need to be re-bedded for water intrusion as part of owning a boat. Now if the water intrusion has done damage to the core around the leak, that is a whole other can of worms.
Dispatch, Once something gets to be 40+ years old it generally is not going to depreciate anymore, the caveat being that if it is actively maintained, and well kept. If it has been let go, and is a total wreck needing lots of work, the value can drop, even to the point of having a negative value as the cost to scrap it out is more than the value of the bits and pieces.
Just my .02
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S/V Siren 1968 Columbia 50