BOAT =Break Out Another Thousand
Ken, it depends to what level of fit and finish you want to take her. If its just cosmetic, and you can do most of the work yourself, start combing "the catalogues", to get a feel for pricing. A couple of G notes for paint. An Island Girl hull and topsides kit, about 100. The essentials like new sails will set you back about 1750 for main and jib (hanked on). You could seek good used sails, but new would be a treat to you and the boat. If the rigging is sound, and you can tune yourself with a Loss guage...well the cost of a guage. New, used engine? You could be into 1K for a used engine.Sandpaper, and Cetol for the teak, fairly cheap. Replace all running rigging, if in poor shape, about $3-400, or a few lines at a time. Electronics? No less than a depth guage, compass, VHF and a battery and switch, about $700. Life jackets, heaving line, flashlight, whistles, good anchor about $500. Take it in stages. Probably 3K to get her to initial acceptable level. Get the essential safety items, rigging, lifelines, engine and sails first, then next year budget another 500 for something else.You got a good boat to work with. If you plan on keeping her for a while it will be money well spent.Don