Quote:
Originally Posted by pelican
owners of "project boats",they tend to believe the boat's worth way more that what reality is... ...if you question that number i dropped,than start addign things up - steering,electrical,fuel system,electronics,power,materials...these things add up quickly...
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Just to add a single data point to the discussion, I paid $3500 for my 25 Seafari with a good trailer, but a blown motor. I will have somewhere in the $15K - $20K range into it when all is said and done and I'm doing ALL the work myself. If I took it to a shop to do all the same stuff I'm doing, it would be more like $30K - $35K. Although I'm getting impatient with the work, I've enjoyed doing it.
But boat projects ain't for everyone. If you need proof, just search this forum for the keyword "divorce". I'm lucky, I've got a very understanding wife. Do you?
Like Pelican, I don't want to discourage you if this is something you're passionate about. Just make sure you're truly passionate about it, 'cause if you ain't, you'll find out the hard way.
Good luck whatever decision you make. If you go for it, you'll find great support here.
Dave