HI,
First post
I'm about to look at my first sailboat (to buy) in a couple of days. I have zero sailing experience. Its a Bayfield 36 and was curious what a ballpark price would be should it need a new engine - Yanmar 44HP? I'm guessing in the $10,000 - $15,000 CDN range (installed)?
Thanks
Welcome! We haven't heard back so assuming you've walked away?
If you are making an offer, make sure it's subject to a sea trial. A boat that's been sitting on the hard for a few years can be indicative of very serious issues.
40-45 HP sounds about right for that displacement. For the total cost of a new engine installed, take the cost of the engine itself and double it to cover off installation cost and accessories. Modifications may be required to engine beds, exhaust routing, etc... You'll want new fuel lines, exhaust lines, maybe a new water lock .... So if a Beta 38 or 44 is $19 000 (I'm guessing), then you're likely looking into the $40 000 range plus taxes once it's all said and done. Going with a Yanmar would likely add $6000-$10 000 to the cost.
Any reason you are looking at a long keel? They are not beginner friendly to dock.... they tend to be slow in light air as well.
Given the cost of a new boat, insurance, a slip and all the "surprises" that will cost many boat units ($1000) in the first year, I would suggest it would be in your best interest to learn to sail first, then charter to see what you like don't like. Most areas have keelboat racing leagues that are always looking for crew. This is a great way to learn and meet boaters.