1) Why is he giving it away and not selling it (even at a family discount price??)
2) Get a survey. Better to spend $1500 on out of water survey and short haul than dump $15 000-$25 000 in repairs
3) When were the zincs last changed? If more than 12 months, there's a good chance expensive metals are corroded:
- engine
- shaft strut
- propeller
- engine heat exchanger
..... those could add up to some serious $$$.... a new exhaust manifold and heat exchanger for example is about $3000. If the engine is affected, it may not be worth to take it.... cost to install an engine for that boat size will be about USD20 000.
4) when was it last used regularly? More than 3 years ago, if so, expect that pumps, refrigeration, etc.... will have a very short life if they work.... plan to refit those in the 1st year.
5) get a standing rigging and mast inspection.... a new mast and rigging would be around $40 000.
6) does the current owner have insurance? If no, why not?
7) any electronics over 10 years old? plan on replacing them all.... it's not just the electronics, it's all the connections in which corrosion jumps in (especially if it's the older style networks with crimps, exposed connectors compared to today's NMEA2000/ STNG sealed connectors)
8) moorage.... do you have a place to keep it?
9) can YOU get insurance with YOUR experience on that boat? that could be a showstopper.... what insurance does your marina require?
10) the surveyor will give you a punch list.... must fix and should fix. Your insurer will require you repair the must fix in 30 days. Plan to spend at least double whatever estimates the boat yard gave you for the "must fix".
11) were the spare sales measured, cut and tested on THAT boat? If the owner doesn't know, have a rigger test them out, they may require adjustments (more $$$).
12) blister and osmosis.... I can guarantee you that you will have blisters and osmosis, unless the hull was redone in the last 10 years. Cost for a yard to repair and remediate can be $7000 - $16 000 depending on the extent of the damage to the gel coat.
13) what condition is the rudder in? rudder shaft? rudder packing ? this stuff often gets missed on surveys...
14) is the boat's electrical and plumbing original? If yes, plan on redoing it all.
15) do all the seacock work? Ie: no water flow when closed, do they close, do they open? are they corroded?
16) Is there any soft spots on the deck or cabin top? any leaky windows? If you have leaky windows, you have wood rot in the topside core....
17) when were the lifelines last replaced? anchor chain?
Haul out, hull survey, rigging survey, engine survey you're looking at about $1500-$2500 depending on where you do it...
Maybe get the "donor" to cover these and reimburse him if you take it? If they decide to sell, it helps to have a recent survey on hand.
Like old cars, boats don't like to sit.... everything will break seemingly all at once... It's an old production plastic boat, forget about cosmetics, that battle will be lost before you start! Focus on 1) safety 2) reliability 3) functional extras (LED lights, refrigeration, etc... 4) cosmetics
Boating is awesome.... except for the pocket book
