Join Date: Jul 2007
Location: Northport, NY
Thanked 95 Times in 95 Posts
Rep Power: 13
Re: What To Take Into Account When Considering A 40+ Year Old Sailboat?
What the others have saidÖ An old boat has probably reached its low price point. You canít really raise it much, but you can lower it through poor maintenance.
If youíre looking for a financial justification to buy a boat, youíre not going to find one. Unless the boat is going to be your primary home, itís almost always going to be a poor financial investment ó but an amazing investment in life!
I suppose one could do a really great restore and raise the value compared to similar hulls and vintage. But clearly you're not dealing with a antique or collectible... it's an old boat!
pay attention... someone's life depends on it