[C38] Sell boat or spend for improvements

[Steve Smolinske]

Mark, sounds like you already have the perfect boat, seaworthy, beautiful and lots and lots of projects to keep you happy and occupied for years to come?  So why sell?  If you had a boat that didnt need any work whats the fun in that?
 
Steve

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From: listserve-bounces at catalina38.org on behalf of Mark Lewis
Sent: Wed 11/16/2011 4:03 PM
To: 'Catalina 38 Listserve'
Subject: Re: [C38] Sell boat or spend for improvements



OK, the rookie is also a rabble-rouser (sp?).  I suspect I purchased the lowest priced Catalina 38 ever.   Less than $15k.  1978, tiller, nothing worked on the boat when I bought it.  Water leaks fouled electrical panel and half of the toggels were rusted.  Battery charger installed in hanging locker, shore power connection didn't work, so an extension cord was run through the head hatch to keep batteries topped off.  Engine (Westerbeke 33) needed $1800 worth of work to get waterpump and impellor going for sea trial (seller wanted me to pay half; I passed as I made my offer assuming the engine ran).  Project boat...u get the pic?

 

Longer story shorter; I am proud owner of hull #6.  Here is my $10,000 question:  My punch list of improvements (half for wheel steering and dodger) is $10k. I budgeted $3k for Edson parts for wheel, but may buy used for $500.  $10k could be $7.5k.  Sailed my boat to Catalina Island (25 miles off shore) twice, and I love it!  U may have seen my earlier punch list.  Half of my 24 repairs could be made for $600 total, but lots of self-labor love.

 

My selling broker (Long Beach Yacht Sales) has a 1984 Jeanneau 37 (mine is hull #6, 1978) that is a bank repo reduced to $26K.  Has wheel, dodger, windlass, Perkins deisel, etc... Have reason to believe I could buy for less (has accepted offer for less). Still needs lots of brightwork, but more labor than material.  Bottom line:  if I sold my 38 for what I paid (it now runs and most things work), and added $10k, I could likely buy newer boat without labor and aggrevation to improve Cat38.  If not this boat, other FSBO's could be available.  Advice?  Heresy? Would promise to be like Tom T...  alumni with mounting experience!

 

From: listserve-bounces at catalina38.org [mailto:listserve-bounces at catalina38.org] On Behalf Of 1derful at comcast.net
Sent: Friday, November 11, 2011 2:54 PM
To: listserve at catalina38.org
Subject: [C38] Quadrant

 

I believe someone recently posted a note that they knew where to find one.  Remember

Patrick

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