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#1
posted to rec.boats
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So how much money..................
.........have you sunk into your boat since you purchased it? Do you even
know?? I have always maintained detailed logs on expenses, maintenance and trips on all our boats, so knowing an expense cost total is easy to find. For us we hit the $2,000 mark and we will be in the $2,300 range once I buy the fixed mount VHF radio AND the bill for the engine tune-up comes in from the marina. Remember, this is not a 50 foot trawler but a 1997 21 foot runabout and the expenses were made only since August of last year. Except for the tune-up I did all the work/installations myself and the cost of my labor is not included in the total cost spent on the boat to date. New hardware items include: Depth finder, compass, anchor and chain, anchor chocks, porta potty, helm seat, helm seat pedestal and seat slide, battery A/B switch, starting battery, deep cycle battery and case, sunbrella bimini, stereo and marine stereo box, new prop, VHF antenna and ratchet mount, misc. hardware including battery cable and connectors, cabin door latch, anchor chocks and seat pedestal base hardware. Maintenance items include epoxy barrier paint (2 gallons) and bottom paint, OEM gelcoat repair kits, new thermostat and an engine tune-up. None of these items were absolutely necessary as most are upgrades and I will not recoup the cost of these items, let alone my labor costs, once I sell the boat. However, the upgrades make the boat safer/more reliable and more comfortable. I also know I would have spent considerably more for the boat if I purchased a similar one with all these features and upgrades. So how about you? (Chuck, you are granted immunity unless you want to fill us in on the costs of your total makeover). ;-) |
#2
posted to rec.boats
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So how much money..................
I have a 19' bow rider I bought new in 1998. I added a utility outlet and
ski tow ring when I first bought it. The next summer, I added a wakeboard tower, handheld radio and handheld GPS. I joined the USCG Auxiliary and use the boat on safety patrols. I've added radar, GPS sounder, a second VHF radio and direction finder, more utility outlets (for chart light and for using a searchlight) spare anchor and rode, tow bridles and lines. http://members.cox.net/wgander/MyBoat.htm I'm not done yet - I'd like to add a fuel flow meter and trim tabs. I get tremendous satisfaction and joy from this boat and have it on the water twice a week. " JimH" jimhUNDERSCOREosudad@yahooDOTcom wrote in message . .. ........have you sunk into your boat since you purchased it? Do you even know?? I have always maintained detailed logs on expenses, maintenance and trips on all our boats, so knowing an expense cost total is easy to find. For us we hit the $2,000 mark and we will be in the $2,300 range once I buy the fixed mount VHF radio AND the bill for the engine tune-up comes in from the marina. Remember, this is not a 50 foot trawler but a 1997 21 foot runabout and the expenses were made only since August of last year. Except for the tune-up I did all the work/installations myself and the cost of my labor is not included in the total cost spent on the boat to date. New hardware items include: Depth finder, compass, anchor and chain, anchor chocks, porta potty, helm seat, helm seat pedestal and seat slide, battery A/B switch, starting battery, deep cycle battery and case, sunbrella bimini, stereo and marine stereo box, new prop, VHF antenna and ratchet mount, misc. hardware including battery cable and connectors, cabin door latch, anchor chocks and seat pedestal base hardware. Maintenance items include epoxy barrier paint (2 gallons) and bottom paint, OEM gelcoat repair kits, new thermostat and an engine tune-up. None of these items were absolutely necessary as most are upgrades and I will not recoup the cost of these items, let alone my labor costs, once I sell the boat. However, the upgrades make the boat safer/more reliable and more comfortable. I also know I would have spent considerably more for the boat if I purchased a similar one with all these features and upgrades. So how about you? (Chuck, you are granted immunity unless you want to fill us in on the costs of your total makeover). ;-) |
#3
posted to rec.boats
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So how much money..................
JimH wrote: So how about you? (Chuck, you are granted immunity unless you want to fill us in on the costs of your total makeover). ;-) Between the new engine we put in a couple of years ago and the work now being completed, we have spent more to restore and upgrade this boat than similar vessels (of her same age) often sell for. That doesn't make any financial sense, of course. But the first decision one makes outside of the realm of financial sense is to buy a boat in the first place. We're lucky enough to have money to spend as we wish, (within reason), and we wished to have our "old boat" look fantastic more than we wished to sell her off and get something else. One way to look at it is this: For what I could have realized from the sale of my tired and shopworn 36-footer and what we have spent on the mechanical and cosmetic upgrades I could easily own a 45-footer. However, the 45-footer that we would own at that figure would likely be a 15-20 year old boat and would still need just about all of the work that we have just accomplished. The boat we know and have come to love will be a real headturner, and I'd rather have a bristol 36-footer than a tired out 45-footer any day. (But that's just me, YMMV). In my line of work, it's hard to go anywhere with the boat and be certain that you're absolutely 100% incognito, so I worry more than a lot of people might about having a boat that looks at least presentable. More than anything else, though...after the good and faithful service she has given us, and considering that some of the happiest times of our lives have been spent aboard her, "Indulgence" deserved another lease on life. We think there's one more boat in our future, a "retirement" boat in 5, 7, or 10 years depending mostly upon how long we're having a good time working. When the time comes to pass "Indulgence" along to the next owner, it will be like marrying off a daughter and we'll want to find somebody that will take good care of her. If she looks as sharp then as she's turning out now, we will be able to be a lilttle discriminating about who we'll let enjoy her next; rather than being forced to take the first (and maybe only) buyer that comes along. :-) |
#4
posted to rec.boats
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So how much money..................
Bought a new 18' cc fishing boat 1 month ago. I have already spent
over $2000 on it for... GPS/Fishfinder, VHF and antenna, stereo, safety equipment, anchor, 2 types of grease, epoxy to fasten those screws that come lose in the first few trips. My wife refuses to let me spend more money, but I still NEED... trolling motor, on board battery charger, t-top, extra rod holders, bench seat instead of captain's chairs (they are pretty cheap) and that's about it. Women can be so greedy (I'm joking, I have to say that because I'm sure someone will lecture me if I don't specify that I'm joking). |
#5
posted to rec.boats
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So how much money..................
FishinJC wrote: Bought a new 18' cc fishing boat 1 month ago. I have already spent over $2000 on it for... GPS/Fishfinder, VHF and antenna, stereo, safety equipment, anchor, 2 types of grease, epoxy to fasten those screws that come lose in the first few trips. My wife refuses to let me spend more money, but I still NEED... trolling motor, on board battery charger, t-top, extra rod holders, bench seat instead of captain's chairs (they are pretty cheap) and that's about it. Women can be so greedy (I'm joking, I have to say that because I'm sure someone will lecture me if I don't specify that I'm joking). You know the old saying about, if you have to ask how much, you can't afford it. I hate to admit it but I'm up to 40K on my 37 in refinishing and such. Thank god the engines aren't original and have low hours (1500 hours on 3208 Cats). But I have to admit, the boat looks incredible, it turns heads big time. And I bought it cheap, so I'm still ahead of the game. Bottom line, six feet or sixty feet, put the calculator away, it'll just make you sick. Enjoy your boat. John |
#6
posted to rec.boats
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So how much money..................
FishinJC wrote: Bought a new 18' cc fishing boat 1 month ago. I have already spent over $2000 on it for... GPS/Fishfinder, VHF and antenna, stereo, safety equipment, anchor, 2 types of grease, epoxy to fasten those screws that come lose in the first few trips. My wife refuses to let me spend more money, but I still NEED... trolling motor, on board battery charger, t-top, extra rod holders, bench seat instead of captain's chairs (they are pretty cheap) and that's about it. Women can be so greedy (I'm joking, I have to say that because I'm sure someone will lecture me if I don't specify that I'm joking). My wife and I reached an understanding. Within the last few years, she insisted the house had to have new siding, a new kitchen, two new bathrooms, refinished hardwood floors, a new mega-bucks natgas fireplace log and custom bifold door ("the doors match the leaded glass panes in the LR windows!"), new plumbing, new wiring, etc etc etc. We were writing 5-figure checks as frequently as if we were buying groceries. She keeps the family books, and she has never really admitted how much her home remodeling binge cost us (but I have a rough idea. ouch). When I told her we were going to do the boat, she said "That's a lot to spend on *your* boat!" I replied, "It's not much compared to what we spent on *your* house!" She then agreed right away, with the comment, "OK, it's settled. In case of divorce, you get to keep *your* boat and I get to keep *my* house......" Hmmmm. It's a bad idea to "step in it" immediately prior to putting your foot in your mouth. Oh well....Aside from the fact that she's a CPA, there are other reasons I let her take charge of our personal accounting. :-) |
#7
posted to rec.boats
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So how much money..................
On Fri, 23 Jun 2006 17:37:55 GMT, Gene Kearns
wrote: And now that I *have* thought about it, I DON'T WANT TO KNOW...... I know how that works. BOAT = Break Out Another Thousand |
#8
posted to rec.boats
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So how much money..................
"Capt John" wrote in message oups.com... FishinJC wrote: Bought a new 18' cc fishing boat 1 month ago. I have already spent over $2000 on it for... GPS/Fishfinder, VHF and antenna, stereo, safety equipment, anchor, 2 types of grease, epoxy to fasten those screws that come lose in the first few trips. My wife refuses to let me spend more money, but I still NEED... trolling motor, on board battery charger, t-top, extra rod holders, bench seat instead of captain's chairs (they are pretty cheap) and that's about it. Women can be so greedy (I'm joking, I have to say that because I'm sure someone will lecture me if I don't specify that I'm joking). You know the old saying about, if you have to ask how much, you can't afford it. I hate to admit it but I'm up to 40K on my 37 in refinishing and such. Thank god the engines aren't original and have low hours (1500 hours on 3208 Cats). But I have to admit, the boat looks incredible, it turns heads big time. And I bought it cheap, so I'm still ahead of the game. Bottom line, six feet or sixty feet, put the calculator away, it'll just make you sick. Enjoy your boat. John I agree that one should not fret over the money spent on their boat unless they cannot afford it..........and, as you say, in that case perhaps they should consider selling the boat. Boating is definitely not a cheap hobby, no matter what size boat, especially now with rising fuel and insurance costs. With that understanding............. recording/logging expenses and upgrades to the boat, along with regular maintenance and trip information is a smart thing to do. It is not only a handy PM tool but it is also a definite plus when selling the boat, especially when backed up with engine hour meter notations associated with the log entries and receipts. My wife and I still read our old boat logs (from our larger boats) to remember the trips and great times we had on those boats. Her trip logs were quite detailed and we often had our guests offer comments in the logs. ;-) |
#9
posted to rec.boats
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So how much money..................
On Fri, 23 Jun 2006 17:37:55 GMT, Gene Kearns
wrote: On Thu, 22 Jun 2006 20:25:42 -0400, " JimH" jimhUNDERSCOREosudad@yahooDOTcom wrote: ........have you sunk into your boat since you purchased it? Do you even know?? I have always maintained detailed logs on expenses, maintenance and trips on all our boats, so knowing an expense cost total is easy to find. For us we hit the $2,000 mark and we will be in the $2,300 range once I buy the fixed mount VHF radio AND the bill for the engine tune-up comes in from the marina. Remember, this is not a 50 foot trawler but a 1997 21 foot runabout and the expenses were made only since August of last year. Except for the tune-up I did all the work/installations myself and the cost of my labor is not included in the total cost spent on the boat to date. New hardware items include: Depth finder, compass, anchor and chain, anchor chocks, porta potty, helm seat, helm seat pedestal and seat slide, battery A/B switch, starting battery, deep cycle battery and case, sunbrella bimini, stereo and marine stereo box, new prop, VHF antenna and ratchet mount, misc. hardware including battery cable and connectors, cabin door latch, anchor chocks and seat pedestal base hardware. Maintenance items include epoxy barrier paint (2 gallons) and bottom paint, OEM gelcoat repair kits, new thermostat and an engine tune-up. None of these items were absolutely necessary as most are upgrades and I will not recoup the cost of these items, let alone my labor costs, once I sell the boat. However, the upgrades make the boat safer/more reliable and more comfortable. I also know I would have spent considerably more for the boat if I purchased a similar one with all these features and upgrades. So how about you? (Chuck, you are granted immunity unless you want to fill us in on the costs of your total makeover). ;-) Hmmm.. Hadn't really thought about it, but in the last 7 years: New: Wiring, Cables, Main Switches, and Master Breakers Throughout Windshield Wiper Motors and Arms Fuel Hoses, Valves, and Vent Lines Anchor and 300' Rode Windlass 2 VHF Radios and Antennae Depth Sounder Radar Bottom Paint Hydraulic Pump for Trim Tabs Hydraulic Steering Lines Motor Controls & Ignition Switches Engine Gages 2 140 hp Engines and 4 props Dive Ladder Bolsters and Teak Cushions Transom Cover and a New Aluminum Trailer And now that I *have* thought about it, I DON'T WANT TO KNOW...... Besides, it sounds like JimH is building a data base so he can come down on people who have spent more than he has, a la his 'Richey Rich' comments! -- John H ****************************************** ***** Have a Spectacular Day! ***** ****************************************** |
#10
posted to rec.boats
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So how much money..................
" JimH" jimhUNDERSCOREosudad@yahooDOTcom wrote in message . .. ........have you sunk into your boat since you purchased it? Do you even know?? I have no idea! I don't want to know. I will let the dealer where it's serviced keep the records. If I take it somewhere else for service or repair I'll keep that paperwork for any future buyer. 2005 Sea Ray 185 Sport purchased last July. Serviced once on my dime; about time for next service. Purchased a wakeboard and skis and a tube plus tow ropes and half a dozen watersport pfd's. Purchased a lot of fuel for the boat and the tow vehicle, a lot of sandwiches, sodas, and chips and launch fees at $12 a pop. Just bought a 12 person tent for an upcoming boat-in camping trip for my daughter and her friends. I am leaning toward a wakeboard tower, but only if the kids demonstrate some serious devotion to wakeboarding. Oh, then there's the fishing gear I'm purchasing to support the U.S. economy! |