Ask
@B757Captain about repairing a boat with hurricane damage. He seems to be very much glad he’s repairing his. But, not to put words in his mouth, I doubt very seriously he’d recommend it. Maybe he’ll see this tag while in Japan and respond.
Konnichi-wa Danno,
First off, thanks Kermie for the shout-out!
As Kermie said, I'm in the middle of repairs to my 1986 Hunter 40. If you want to see what's "under the skin" of these era boats - which I'd say a '92 fits - take a gander here:
https://forums.sailboatowners.com/i...nter-40-damage-from-hurricane-matthew.182553/
Having "been there, done that, doing that", if you don't mind I'll throw in a few words:
First, the boat is 25 years old. It will need work. Even if it was in "pristine" condition, it will need lots of work. Not kidding here. If you can do all the work yourself, and I really mean ALL the work, it might be worth looking farther (not saying buy yet!!). If you have to pay a yard to do the work, the labor costs will very rapidly exceed what you would spend on a boat 10 years newer. Not to mention parts (more on them in a minute)
Second, from your description, the boat is definitely not in pristine condition. Lots of boats wind up for sale because the present owner has lost interest. That means he didn't lose interest the day before, it really means he lost interest quite some time prior. That means he stopped spending money for upkeep then. Add that time to the perceived time you think it has been neglected.
Third, your description of rudder issues is worrisome to me for several reasons. Weeping rusty water could mean a relatively simple repair, but remember the rudder has a SS frame inside connecting to the rudder post, and SS doesn't mean rust-free, just rust-resistant! You might get into the repair and find the rudder needs replacement because the inner frame is done-for. There alone is 1/3rd or over your purchase price if you have to pay to have it done. Loose bearings are a problem for several reasons, including sourcing parts and labor costs. Not many of us have the skillset to tackle that kind of project.
Fourth, the bulkhead damage. Not necessarily water intrusion though it might well be. Are you sure it's rot or just delamination? I ask because I have replaced all my bulkheads and not one had a bad case of rot. Hunter uses marine ply here but many times the ply has a laminate skin which peels and looks bad but the bulkhead underneath is still ok. I'm replacing mine because I had a few spots where the bulkheads were getting soft (just a few, and nowhere close to structurally deficient). The worst was the aft head bulkhead which looked terrible due to delam from water exposure (internal from the shower) but it was still structurally ok. That said, the bulkheads are still 25 years old and might need attention.
Fifth, repair yards. I will not get into my feeling about repair yards here (for more, look on my thread - Kermie will back me up here) , but be cautious!!! Be skeptical!!! For more info about what might be found under the pretty paint I go into that in some depth in my thread. Most yards are honest but they all work to a price and labor hours add up quickly, so the repair might or might not be up to your standards.
Sixth, parts. It's a 25 year old boat. There will be no way you can keep the boat original. Parts just do not exist anymore. That means every time you need to repair something it will require alterations to make a new part or piece fit, or fabrication work to redesign an entire system.
Last (and I will step down from my soapbox), if you still want to proceed definitely get a survey! But be cautious here too! Before I bought my boat (and several times during 12 years of ownership) I have had surveys done. The list of things multiple surveyors missed is much longer than the list of things they found. Not knocking surveyors here, but there is so much hidden behind the surface that they just can't see it all. And everything they miss you will eventually find, probably the hard way.
I'm not trying to scare you off but just trying - from a firsthand experience point-of-view - give you a realistic idea of what you can expect. If you like to and want to take on a project, and can do the work yourself, I say don't walk away yet. But if you think based on price you're getting a good deal and can pay someone a little to fix it up for you then the asking price is about 18K too high! Then it's time to run. Fast.
Hope this helps!
Mark-san