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Old 05-01-2008, 01:46 PM
Kahuna Kahuna is offline
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Join Date: Oct 2006
Posts: 28
Default Re: Value of a repair

not sure that i want to be burried in mine, but from the stand point of what a comparable, brand new 20' CC is going to cost you, 10-12K seems reasonable. That is about what I have got in mine (closer to the 12 than the 10 once you figure in power, electronics, and all the other nickle and dime stuff) My 20' '76 Seafari is original, but in really good shape (transome replaced a few years ago). i have new power (I/O) going into it right now (~7K). the duration i would have the boat and what the loss would be on a new one if you held it for 5-6 years, it made sense to me to repower and stick with it. What a "blue book" says it is worth and what it is actually worth are obviously two different things. a 70's vintage seacraft is a valued commodity. Besides people who know boats know what it is, and I enjoy the privilege of riding around in something that I know I have worked/put my time/effort into to maintain/restore to this condition and that not every memeber of the platinum card carrying 'Instant Gratification Club' can just go out and obtain on a whim to keep up with the Jones's (sorry a little ranting there). I fail to see how you can go wrong with one.

I think that a very reasonable number to spend for one, especially something you have worked and put time and thought into. The only little caution that I am learnig the hard way, is what ever you plan for a budget, add 10%, 15% if you want to be safe.

JC
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