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#1
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One of our ships is scheduled to come in before the end of the year and
we will be enjoying a modest windfall. The MRS has said "You can use part of this for a new boat, if you want." After extended contemplation and a thorough look at my options, there's no way I would spend what it would take to get a new, 40-foot trawler these days- and most of them are now ridiculously overpowered as we enter an era of "gotcha" fuel prices. Plus- I don't find a lot of choices (priced under $way too much) that I like any more than my present boat. So, what's goofier? Spending up to several hundred thousand on a boat that isn't exactly what you'd really want- or spending far more than your present boat will ever be worth to bring it back to "as new" condition and do a few upgrades to a 23-year old hull? Anybody else ever face this same decicion? What did you decide, and are you happy that you made the decision you did? BTW, my list of projects to renew, refresh, and upgrade "Indulgence" would include: 1. Two part poly paint job 2. Preventive epoxy coating of the interior of black iron fuel tanks 3. Bow thruster. (Haven't had one since we bought this single screw back in the early 90's, might not need one most of the time, but there have been instances where a bow thruster would have been handy) 4. All exterior brightwork taken to wood and started afresh by a true professional 5. New swim step 6. Add a davit 7. Upgraded inflatable 8. Replace some water stained interior veneers 9. Replace the galley stove 10. Replace the 1985-era CRT radar 11. Add an autopiot 12. Rebuild the false stack to eliminate a perennial leak on the cabin top 13. Upgrade to a VacuFlush or Tecma marine toilet Especially as we already have the new engine from just two years ago, (and because I like my present boat so much) I'm leaning toward the upgrade vs. the replacement. My horseback guess is that I could do most of the list for under $50k, only a small portion of which would be recoverable if I ever decided to sell....on the other hand, we have almost a 9% sales tax up this way so it doesn't take the most expensive boat purchase in history to watch that same $50k fly away in tax payments with nothing (personal) to show for it at all. |
#2
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![]() wrote in message oups.com... One of our ships is scheduled to come in before the end of the year and we will be enjoying a modest windfall. The MRS has said "You can use part of this for a new boat, if you want." After extended contemplation and a thorough look at my options, there's no way I would spend what it would take to get a new, 40-foot trawler these days- and most of them are now ridiculously overpowered as we enter an era of "gotcha" fuel prices. Plus- I don't find a lot of choices (priced under $way too much) that I like any more than my present boat. So, what's goofier? Spending up to several hundred thousand on a boat that isn't exactly what you'd really want- or spending far more than your present boat will ever be worth to bring it back to "as new" condition and do a few upgrades to a 23-year old hull? Anybody else ever face this same decicion? What did you decide, and are you happy that you made the decision you did? BTW, my list of projects to renew, refresh, and upgrade "Indulgence" would include: 1. Two part poly paint job 2. Preventive epoxy coating of the interior of black iron fuel tanks 3. Bow thruster. (Haven't had one since we bought this single screw back in the early 90's, might not need one most of the time, but there have been instances where a bow thruster would have been handy) 4. All exterior brightwork taken to wood and started afresh by a true professional 5. New swim step 6. Add a davit 7. Upgraded inflatable 8. Replace some water stained interior veneers 9. Replace the galley stove 10. Replace the 1985-era CRT radar 11. Add an autopiot 12. Rebuild the false stack to eliminate a perennial leak on the cabin top 13. Upgrade to a VacuFlush or Tecma marine toilet Especially as we already have the new engine from just two years ago, (and because I like my present boat so much) I'm leaning toward the upgrade vs. the replacement. My horseback guess is that I could do most of the list for under $50k, only a small portion of which would be recoverable if I ever decided to sell....on the other hand, we have almost a 9% sales tax up this way so it doesn't take the most expensive boat purchase in history to watch that same $50k fly away in tax payments with nothing (personal) to show for it at all. Sounds like a no brainer Chuck......go for the upgrade to your present boat. |
#4
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That is a harsh way to say my mother died and she left me everything.
wrote in message oups.com... One of our ships is scheduled to come in before the end of the year and we will be enjoying a modest windfall. The MRS has said "You can use part of this for a new boat, if you want." After extended contemplation and a thorough look at my options, there's no way I would spend what it would take to get a new, 40-foot trawler these days- and most of them are now ridiculously overpowered as we enter an era of "gotcha" fuel prices. Plus- I don't find a lot of choices (priced under $way too much) that I like any more than my present boat. So, what's goofier? Spending up to several hundred thousand on a boat that isn't exactly what you'd really want- or spending far more than your present boat will ever be worth to bring it back to "as new" condition and do a few upgrades to a 23-year old hull? Anybody else ever face this same decicion? What did you decide, and are you happy that you made the decision you did? BTW, my list of projects to renew, refresh, and upgrade "Indulgence" would include: 1. Two part poly paint job 2. Preventive epoxy coating of the interior of black iron fuel tanks 3. Bow thruster. (Haven't had one since we bought this single screw back in the early 90's, might not need one most of the time, but there have been instances where a bow thruster would have been handy) 4. All exterior brightwork taken to wood and started afresh by a true professional 5. New swim step 6. Add a davit 7. Upgraded inflatable 8. Replace some water stained interior veneers 9. Replace the galley stove 10. Replace the 1985-era CRT radar 11. Add an autopiot 12. Rebuild the false stack to eliminate a perennial leak on the cabin top 13. Upgrade to a VacuFlush or Tecma marine toilet Especially as we already have the new engine from just two years ago, (and because I like my present boat so much) I'm leaning toward the upgrade vs. the replacement. My horseback guess is that I could do most of the list for under $50k, only a small portion of which would be recoverable if I ever decided to sell....on the other hand, we have almost a 9% sales tax up this way so it doesn't take the most expensive boat purchase in history to watch that same $50k fly away in tax payments with nothing (personal) to show for it at all. |
#5
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Bert Robbins wrote:
That is a harsh way to say my mother died and she left me everything. What the?? Why would you say something like that Bert? You swillin' that cheap wine again? |
#6
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I think the key factor is how much you like the present boat and
whether it meets your needs or not. If so, I'd probably go for the upgrades for at least a couple of decent reasons: 1. You get to do it your way, and don't have to do it all at once. 2. Depreciation on a new boat will probably amount to more than your upgrade costs within a short time. On the down side you will probably lose the use of your boat at times as the upgrades are being done, and poor luck or poor choices with contractors can turn into a hassel. |
#7
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![]() Bert Robbins wrote: That is a harsh way to say my mother died and she left me everything. What a ass you are. |
#8
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wrote:
One of our ships is scheduled to come in before the end of the year and we will be enjoying a modest windfall. The MRS has said "You can use part of this for a new boat, if you want." After extended contemplation and a thorough look at my options, there's no way I would spend what it would take to get a new, 40-foot trawler these days- and most of them are now ridiculously overpowered as we enter an era of "gotcha" fuel prices. Plus- I don't find a lot of choices (priced under $way too much) that I like any more than my present boat. That makes you a lucky man. So, what's goofier? Spending up to several hundred thousand on a boat that isn't exactly what you'd really want- or spending far more than your present boat will ever be worth to bring it back to "as new" condition and do a few upgrades to a 23-year old hull? Depends a great deal on whether the use of your boat is valuable enough to you for the expense. Compare the upgrades to the costs of keeping the boat, whether you use it or not, over a long term span. Anybody else ever face this same decicion? What did you decide, and are you happy that you made the decision you did? Sure (more below) BTW, my list of projects to renew, refresh, and upgrade "Indulgence" would include: 1. Two part poly paint job Not really on our list. I'd probably do a roll-and-tip one-part poly and buff. Looks just as good, 90% as durable, 1/3 the price. 2. Preventive epoxy coating of the interior of black iron fuel tanks Not our list either. I'm planning on cutting the tops off our tanks and using them to support bladder type fuel tanks. 3. Bow thruster. (Haven't had one since we bought this single screw back in the early 90's, might not need one most of the time, but there have been instances where a bow thruster would have been handy) Yep. This one *is* on our list, and IMHO is worth the money if you use the boat in any but ideal & benign conditions. 4. All exterior brightwork taken to wood and started afresh by a true professional Already did that. Wife is now doing varnish, except the parts we decided were not visible and a PITA and I painted with WeatherBeater. 5. New swim step That's on our list too. 6. Add a davit 7. Upgraded inflatable Neither. Can you say "carbon fiber dinghy"? 8. Replace some water stained interior veneers Not on our list, we have some slight stains but they're not visible unless you hunt for them. 9. Replace the galley stove Not on our list, ours works fine. 10. Replace the 1985-era CRT radar On my list, but low priority. 11. Add an autopiot Definitely on the list, a higher priority than the bow thruster actually. And this is one I don't trust to do myself. 12. Rebuild the false stack to eliminate a perennial leak on the cabin top hmmm... 13. Upgrade to a VacuFlush or Tecma marine toilet Take a look at the Raritan Atlantes. We put one in early this year. Works great. Next, gotta put in a bigger holding tank as the spec sheet LIES! Especially as we already have the new engine from just two years ago, (and because I like my present boat so much) I'm leaning toward the upgrade vs. the replacement. Good idea IMHO .... My horseback guess is that I could do most of the list for under $50k, only a small portion of which would be recoverable if I ever decided to sell....on the other hand, we have almost a 9% sales tax up this way so it doesn't take the most expensive boat purchase in history to watch that same $50k fly away in tax payments with nothing (personal) to show for it at all. Yep. And owning a boat is just criminally expensive. You have to decide going in that spending the money is worth it in terms of your satisfaction... or, perhaps, that scrimping & doing jobs yourself gives the satisfaction of spending a lesser (but still large) amount of money... but look how much you saved! Jim wrote: The paint is never going to be as practical as leaving the original gel coat, if it still is serviceable. Wasted money. I still may paint, someday. I disagree. LPU is a lot tougher than gelcoat. 23 year old iron fuel tanks should be replaced. They are rusting from both inside and outside. Why waste the money and effort? Replace them. Disagree again. If there's rust inside, it will show in the fuel. Rust outside is not difficult to spot in these particular boats, and is minimized by not putting the fuel fill over the tank. Ours are a couple years older than Chuck's and they barely have any discernable pinpoints of rust on the outside. The fuel coming out is cherry. The tanks are "due" I'd agree, but unless there are symptoms, you don't go for major surgery! I'm thinking about stripping my wood and going raw teak. I've done this on the fly bridge and it looks great. Decks don't get varnished and they look good if cleaned occasionally. My fly bridge looks great with no finish at all. Just clean teak. I'm taking as much of ours off, or painting over it, as my wife will let me. We'll probably keep the caprail varnished, but I expect in 2 years we won't have anything else to do in brightwork. Raw teak, well kept, looks better than scraggly varnish or any of the faux-varnish finishes, but nothing.... absolutely nothing.... says "CLASSY YACHT" like really sharp varnish brightwork on pretty grained wood. Put this on the fly bridge deck: http://www.softtiles.com/ Very inexpensive, looks great and is very comfortable on the feet. Good nonskid, too. I've had this product up there for many years. Thanks for the link. I'm taking the teak off our deck and will need something. I sold my too big dinghy, and my too small dinghy and bought the right boat, A Caribe C-12. Should have done this a long time ago. That would be too big & heavy for our boat. I put my new inflatable on it's side on the swim step, with the 20 horse outboard attached. Works great. Get the swim step, think hard if you need the davits. I thought I needed davits, at one time. A bow thruster is nice, but a lot of trouble. If you know how to handle your boat, it will seize up from lack of use. You will buy the new electronics either way, won't you? Probably. Everybody but me seems to love electronic doodads. I learned to navigate with a lead line & compass. The early 1990s GPS and the early 1980s depth sounder ar fine with me. At some point we will upgrade, but it's a very low priority. I replaced some damaged wood with white formica. Did a lot to upgrade the looks of the interior. Too much wood. . . too dark. Agreed. Easier to clean too. Fixed the leaks and upgraded the heads. That's the choice I made. Sounds like a very good plan. Fair Skies Doug King |
#9
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On Sun, 23 Oct 2005 19:37:52 -0400, "Bert Robbins" wrote:
That is a harsh way to say my mother died and she left me everything. Crude. -- John H "The trouble with our liberal friends is not that they're ignorant: It's just that they know so much that isn't so." Ronald Reagan |
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