GRP riverboat, unfinished: estimated price of completion?
- Thread starter Greenheart
- Start date
PhillM
Well-Known Member
Glad to hear he is decided.
I have come to the conclusion that getting almost ANY boat back to a reasonable condition will cost between £10K - £20K.
I speak from limited experence.
My quite tidy at the time of purchase cost less than £3k. IF I could have done all the work myself (i.e given up work and started my own boat building project co) I could have got away with £8K. Bring in experts to help and even with a lot of time invested, its about £20K of stuff and labour.
I see restoring a project as a bit like paying for my boat in installments, instead of starting with a new-ish boat and paying monthly with interest, I started with an old one and buy the things it needs a bit at a time - but it ends up costing about the same.
Like the loan, there is interest, just a diferent sort.
I have come to the conclusion that getting almost ANY boat back to a reasonable condition will cost between £10K - £20K.
I speak from limited experence.
My quite tidy at the time of purchase cost less than £3k. IF I could have done all the work myself (i.e given up work and started my own boat building project co) I could have got away with £8K. Bring in experts to help and even with a lot of time invested, its about £20K of stuff and labour.
I see restoring a project as a bit like paying for my boat in installments, instead of starting with a new-ish boat and paying monthly with interest, I started with an old one and buy the things it needs a bit at a time - but it ends up costing about the same.
Like the loan, there is interest, just a diferent sort.
Caer Urfa
Well-Known Member
My best advice is keep any tax refund in the bank! As the taxman has an awfull habit of asking for it back some months later!
Mike