jazzdude
Active Member
Yes I saw that boat and for not a lot more it already deals with the worries about teak decking and the sails and rigging.Yes, shade at the helm is good, I see the photos show a shaded helm under sail, so that is ok. A sailing pal of mine raced a similar boat singlehanded and was happy enough.
"Money pit" is a bit of a cliche. You have to ask yourself how much you like the design and then figure out if it is worth it to you. The costs are likely to be substantial as is the level of hands on buggeration but don't be fooled by people telling you in "needs" this or that, costs can be spread over a longer period.
Other folks opinions on value don't really come into it until you sell, where you have to contemplate bearing a potential loss. If you intend to keep the boat a very long time you may be both coming up for refit together and resale value will be of little account.
It's as well you are thinking about the deck, you will have to be sure the core is sound - the deck itself is more of a known quantity. It does generally look well used which can be a positive and a negative. My instinct is that it a boat that may well sell at a discount on the asking price.
You may have seen this ad, it presents very well, don't know if it is still available:
1978 Noray 38, Goes Netherlands - boats.com
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If it was closer it would definitely be a consideration.
If I bought a boat like this my plan would be to use it as it is if possible for a 2-3 years and spend only what it needs to be able to use it as a day sailer and for the odd weekend.
If I then decide to keep it longer then I would invest into it and improve it further.
It's getting the immediate costs assessed prior to purchase listed to see if indeed this is not a non starter.