Re: [Amel Yacht Owners] Re: Super Maramu FRIENDSHIP II Hull #415 From San Francisco
Bill Kinney <greatketch@...>
I’ll second Bill R’s comment.toggle quoted messageShow quoted text
If you want to go sailing, buy a boat ready to sail. There are lots of them out there, even if you have to look hard for one to match your desires and budget. The amount of money, effort, and time it takes to rehabilitate a tired old boat is ALWAYS much more than predicted. Just maintaining a boat in good condition is expensive. A good rule of thumb is to expect to spend annually between 3 and 5% of the value of the boat as it it were NEW on today’s market—NOT it’s value on the used market. For an Amel SM, that would be something between k$20 and k$30 on average for an ownership cost budget number just to keep it in good shape on an ongoing basis.
On the other hand there are people who enjoy the process of rebuilding something. If that is your joy, then have at it! I look at it like the person who picks up an antique car that has been rusting out in the farmer’s field and spends countless hours and dollars restoring it. That purchase wasn’t made to acquire a car for cheap! Do not think a boat would be any different.
Choose your avocation. If your goal is to sail: Buy a sailing boat. If you want to rebuild a boat: Buy a project boat. But those two goals rarely go together in a happy way.
Another topic vaguely related to this one… Think about what happens to your boat if something happens to you. For most of us a large and expensive boat will be more of a burden than a gift to family members. Planning ahead and setting up something might save your loved ones a whole lot of trouble.