Tigawave of course /forums/images/graemlins/wink.gif
Teacher? I havn't been a sailing instructor for at least 25 years, how did yopu know about my distant past?
We bought a Dutch built steel ketch 38 feet. She already had a
Hydrovane, watermaker, generator, SSB, multiple anchors, 500 feet of chain etc etc. She had been long distance cruising and was fitted accordingly.
We added radar, liferaft, new sails including twistle rig, new rigging, new outboard, new dinghy, new mattress, new upholstery. We serviced or replaced every pump, winch, the watermaker - basically everything that has moving parts. Total cost around £25k.
The interesting thing is what has happened since. Marine products have a life expectancy designed to keep weekend sailors happy, not for 24x365 useage. Many things therefore don't last more than a few years. Thus it's basically it's an ongoing, relentless refit. You soon learn how long each item lasts and we try to minimise problems by applying service packs before the things break.
On the subject of service packs, take a look at all the packs in the chandler - it's a very good indication of what will break. Why the idiot manufacturers don't design out the faults the service packs cover is a whole new subject.
Great post, it is good to see these figures as they provide a realistic benchmark for future dreamers!
From my perspective:
Bought Nic 38 in Jan 06 for £36k.
Flights, survey, liftout, lorry from Scotland to S Coast, cranes both ends - £4k
Refit - £26k
Safety equipment, dinghy, outboard etc - £4k.
The boat is now pretty much ready for long-distance cruising.
Refit included (in order of price):
New ST7000 autopilot
New interior cushions + cockpit enclosure
New standing rigging + emergency forestay
New Harken furler
New winches
New electronics
Re-glassing all bulkheads
I did most of the work myself which kept the costs down, including:
Full rewire
Full interior refurb (bulkheads, headlining, etc)
Refit of gas system
Refurb of all windows & hatches
lots of smaller jobs like fitting a fridge, cooker, running rigging etc etc
It is worth adding lots of contingency for things you may not have thought of - I spent more than £500 on stainless screws/nuts/bolts/washers alone (and I bought in bulk)!
If anyone is interested I have logged every purchase since buying the boat in a pivot table spreadsheet, it provides a very honest look at what is really involved (financially) in owning a boat.
Hi Palema, yes, a lot of the seemingly small thinks can add up, I was just looking back at one of my early spredsheets, for example, the batteries were over 500 quid. the heavy current rewire was about 1000 by the time I had finished, and thats doing it all myself, that included buying decent crimpers etc.. Alternator and reg, (Balmar) was over 500 quids too aghhh.
You tend to forget the costs unless you log them, I was not religeous in the logging by any means though.
1980 Hardin Voyager 45 Ketch, bought October 2006, came complete with fridge/icemaker, freezer, 4 kva genset, 12 gph watermaker, vhf, ssb, marine comp, 48m Furuno & gps, Headhunter heads & lots more. Cost at the time was $135k at $1.84/£. Have since added second galley fridge at $700 and complete sails overhaul and mods and new snuffer for cruising chute = $1300.
Complete topsides strip & repaint with Awlcraft, currently underway at approx $11k plus replacing standing rigging and spreaders approx $5+k and complete Raymarine suite at around $10k plus fitting. Masts to also be rewired at $???.
Dollar currently on offer at £2.06/£
Interesting thread and to open up the debate, it seems to justify my decision to buy new. 37 year old Nich 38 for £100k or brand new Jeanneau 42 for £120k with all the warranties and everything already new - including all the liveaboard kit, ie solar panels, watermaker etc etc. Admittedly I am not paying VAT by exporting but if I sell outside the EU it will make little difference to the selling price, if I decide to sell.