Join Date: Jul 2007
Location: Northern Virginia
Thanked 11 Times in 11 Posts
Rep Power: 13
As Mimsy says, Do you like the boat? Like sailing it, looking at it, etc? If so, I'd start at planning to keep it.
But if you don't trust the survey that was done (was this by a surveyor of your own choosing?), why not do a survey of your own at this point to help decide? Look thru Sailingdog's tips for inspection. Check some fittings other than the baby tang to see if they've had water intrusion. Do a complete plastic hammer tap test of the deck (and I can't believe you surveyor missed the 'thunk' that would have occured on your rot!). If the surveyor was yours, maybe you should give him/her a call and suggest that they owe you a good tap and moisture test of your deck, since they missed something so large.
I don't think the money we put in during ownership of a boat--including upgrades--makes the boat worth more necessarily, just worth more to us. The calculation of worth is all yours, but I'd get a new baseline on just what you have.
2000 Beneteau 331
Northern Chesapeake Bay
Ambition is a poor excuse for not having enough sense to be lazy ~ Steven Wright