"sfcarioca" wrote
I am thinking of doing what everyone is warned not to do, buying a
yacht that needs a lot of work.

Hmmm. Guess why everyone warns you away from it?

...To make it worse, I've never owned
anything bigger than an old ski boat and am totally ignorant when it
comes to yacht engines and otherwise. This one is a 1988 34' Bayliner
Avanti with 2 gas engines.

Yuck. First off, take the asking price, subtract the cost of installing
new diesels. Make this the TOP value of your offer for the boat.


I am receiving an incredible price for it, half of the fair market
value on the hull survey.

Hmmm. Guess why that is?

... Here are the troubling parts of the surveys:

- Exhaust hoses burned and collapsed from lack of cooling water.

Say no more.

Look! Up in the sky... it's a bird, it's a plane... it's
Super-Engine-Replacement-Man!!!!


My questions a

- I assume all of those items need to be fixed, what is the ballpark
cost of that?

Totally unable to even make a ballpark guess. If the marina the boat is
parked at won't give you a friendly estimate, then you need to take the
list to a place that will. Double the estimate. Then realize that after
all these things have been fixed, you'll have battery/charger/wiring
issues; not to mention the plumbing, not to mention a long list of
equipment to replace.


- In general, how much would maintenance cost on such a boat per year
as more would break? I know it's impossible to know, but should I plan
on spending $1000 per yer? $2000 per year? $5000?

Aprox 10% of the boat's value ....*not* it's knocked-down
corroded-and-decayed-from-lack-of-maintanance value... is what you
should spend per year, if you're handy with tools and can do most of it
yourself.


- How much should I plan on spending for insurance and registration per
year?

Varies highly from state to state. Don't forget that the insurance
company will not look kindly on a guy who has never owned a big boat and
a boat that has major "dings" on it's survey.


Eisboch wrote:
Not trying to be funny, but I'd keep looking for another boat.

So would I.... hey wait a minute, I already HAVE another boat

DSK