Appollo Duck

[LinTeal]

Nice Bavaria 34 just posted on Appollo Duck. A lot of expense incurred in recent years,c £20 k, on new engine etc etc. Do you ever recoup that sort of expenditure on sale,I assume not,just makes it more saleable ?

 

[Chiara’s slave]

Nice Bavaria 34 just posted on Appollo Duck. A lot of expense incurred in recent years,c £20 k, on new engine etc etc. Do you ever recoup that sort of expenditure on sale,I assume not,just makes it more saleable ?

There’s a price for a boat in working order, and a different price for a project. 20k in recent years is just maintenance. The fact that it’s been put off for years before that is a negative, not a positive, to me.

 

[Tranona]

Agree - well maintained and upgraded boat. £20k goes nowhere - engine alone is close to half that, bow thruster £4k rigging £2.5k and so on. In 2017 that boat without the upgrades and original engine would have sold for around £35k. Will sell quickly at close to asking price.

 

[Graham376]

Nice Bavaria 34 just posted on Appollo Duck. A lot of expense incurred in recent years,c £20 k, on new engine etc etc. Do you ever recoup that sort of expenditure on sale,I assume not,just makes it more saleable ?

I think your assumption is correct. £20k on a boat in that price range is unlikely to be recoverable in full unless it had been bought before refit at a knock-down price.

 

[Chiara’s slave]

I think your assumption is correct. £20k on a boat in that price range is unlikely to be recoverable in full unless it had been bought before refit at a knock-down price.

Even then…. restoring boats isn't much of a profit making enterprise. Adding up what we’ve spent in the last year, it comes up to very nearly the price of a reasonable boat, and we’ve done almost everything ourselves, apart from actually swaging the rigging.

 

[Lightwave395]

I've long since stopped tracking expenditure on my boat, if it needs something or some work doing as long as there's enough in the bank it gets it, life's too short to sail a dodgy boat, my children should be thankful to get whatever it's worth when I depart...

 

[Chiara’s slave]

We have tracked our 1st year, only really because it was a restoration. We wouldn’t normally bother.

 

[Lightwave395]

We have tracked our 1st year, only really because it was a restoration. We wouldn’t normally bother.

Same here, bought the boat in 2005, spent £15K on complete refit and tracked the cost, then I thought I'd just draw a line under it and go sailing !

 

[Bobc]

When my boat was 18 years old, we did a major refit which cost £20k. I'm sure that pro ably added a bit to the value simply because it wasn't full of old tired gear any more, but not £20k. Maybe half that if I'm lucky, but I don't care anyway because we're keeping it.

 

[jamie N]

For me and my ongoing wooden Folkboat saga, the thought of keeping a log on the expenses is counter productive: we have boats to escape the reality of 1st World costs & balances. We willingly delude ourselves that sailing is free, as we use nature to propel us towards a distant horizon, and our next salty/sunny adventure, with the wind in our hair, and the ruddy look of a wise and experienced mariner, telling fascinating stories of far lands visited, and great seas challenged.
Never try to amortize the dream against reality; it's far too depressing.

 

[steve yates]

Agree - well maintained and upgraded boat. £20k goes nowhere - engine alone is close to half that, bow thruster £4k rigging £2.5k and so on. In 2017 that boat without the upgrades and original engine would have sold for around £35k. Will sell quickly at close to asking price.

Surely a well maintained and upgraded boat will not need 20k spending on it? Bowthrusters are not maintenance, bit a choice if the boat didnt have them. Reengining would usually only be down once in a boats entire lifetime normally I would have thought. Rigging again is probably usually somewhere between10-20 years?
Im not saying boat maintenance is not expensive, but its not 20k pa, that mist be a refit cost. Or am I reading your post wrongly?

I do agree that a 20k refit on an old boat will never recoup the money spent, butit will at least make the boat sellable.

 

[Adios]

One way to avoid all this is buy and sell fast. The shortest ownership I had was bought in June, cruised all summer and sold in september. No maintenance costs, no upgrades, no lifts and no winter storage. Strangely the autumn isn't a bad time to sell, you'd think it might be but a lot of boat swapping occurs at the end of season. And June is a good time to buy as most have already bought and sellers want shot by then. Well that was the market pre-covid not sure if applies now.

 

[Wansworth]

One way to avoid all this is buy and sell fast. The shortest ownership I had was bought in June, cruised all summer and sold in september. No maintenance costs, no upgrades, no lifts and no winter storage. Strangely the autumn isn't a bad time to sell, you'd think it might be but a lot of boat swapping occurs at the end of season. And June is a good time to buy as most have already bought and sellers want shot by then. Well that was the market pre-covid not sure if applies now.

Traditionally the autumn was a known time to look for a boat,wooden boats involved lots more work and boats weren’t in marina berths afloat all year so in theory you might get a cheaper yacht in september

 

[Tranona]

Surely a well maintained and upgraded boat will not need 20k spending on it? Bowthrusters are not maintenance, bit a choice if the boat didnt have them. Reengining would usually only be down once in a boats entire lifetime normally I would have thought. Rigging again is probably usually somewhere between10-20 years?
Im not saying boat maintenance is not expensive, but its not 20k pa, that mist be a refit cost. Or am I reading your post wrongly?

I do agree that a 20k refit on an old boat will never recoup the money spent, butit will at least make the boat sellable.

It was not £20kpa but over the last 5 years. Roughly half of that is the new engine, but don't know why it was replaced at 17 years old, although it maybe it was the original 20hp and the new 30 was an upgrade. Easy to spend £20k on a 17 year old boat over the next 5 years - sails £4k, rigging £2.5k, electronics £5k.

The point I suppose I was trying to make is that many 22 year old boats on the market will likely need some of those big ticket items replaced or upgraded hence the common suggestion that a £5-10k budget should be added to the purchase price of a boat of this size/age. This boat is top end because most of the things have been done so the post purchase expenditure will be much smaller.

 

[steve yates]

Ah ok, that makes sense.