1968 Columbia 50
Join Date: Mar 2013
Location: Allegan, Michigan
Thanked 30 Times in 30 Posts
Rep Power: 7
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
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
S/V Siren 1968 Columbia 50