[alberg30] Addendum to 66 ALBERG 30

[Shawn Orr]

From: "Shawn Orr" <Shawnwilliam at msn.com>

Thanks Sanders.  I still think that your boat just as nice to look at.  I
would love to see pictures of yours down below.  Then we would know who
really overpaid.  All the wood is in top shape, however, nothing has been
done to the interior since 1968 it seems.  Lots of old wiring to be replaced
in two weeks, and stove as well.
----- Original Message -----
From: <SandersM at aol.com>
To: <alberg30 at onelist.com>
Sent: Tuesday, January 18, 2000 3:12 PM
Subject: Re: [alberg30] Addendum to 66 ALBERG 30


> From: SandersM at aol.com
>
>
> In a message dated 1/18/00 12:43:10 PM, Shawnwilliam at msn.com writes:
>
> >You should not pay anything more than $4,000.00 for this boat.  My boat
> >was in very good condition.  All it needed was new running rigging, DF,
and
> >varnish the wood.  I paid $8,500 a year ago.
>
> I totally agree.  By Shawn's experience, I "overpaid" for a comparable A30
> (Shawn's is much prettier than mine) by $1,500 -- but Shawn's ballpark is
a
> realistic one.  Your description of this vessel suggests that the term
> "project boat" doesn't begin to encompass the work ahead of her buyer.
>
> Your post suggests that you might be underestimating the amount of work
and
> expense this boat requires.  For example, you say that you think you
replace
> the exterior teak and refinish the interior joinery for around "a grand."
> It would seem unlikely that you could buy the raw teak for replacing the
> exterior joinery -- even before factoring in the cost of hiring
carpenters,
> or the value of your own labor, to fashion and refit the missing pieces --
> for a thousand dollars.  The materials are not cheap; the labor required
is
> painstaking.
>
> That is not to say that you cannot or should not try to resurrect an older
> boat on a limited budget.  But you do not want to end up with a
> half-renovated hull in your backyard, and no money or time to do the work
> that she will require.   The market for older boats is rising, but it is
> still a buyer's market in the sense that the market presumes a
> well-maintained boat.  An owner rarely recovers the costs of maintenance
when
> he/she sells.  You should wait for a boat that has been well-maintained --
> the premium you pay for it over the cost of a project boat will rarely
match
> the costs of bringing the project boat up to a well-maintained standard.
At
> least that seems to be the case here on the East Coast, in the Chesapeake
and
> on the Long Island Sound.
>
> It will be a grand thing indeed if you rescue a dilapidated A30 from
> near-death.  Just make sure you know what you're getting yourself into, so
> that she doesn't end up among the ranks of project boats killed by
> well-intentioned but over-optimistic rescuers!
>
> Sanders McNew
> WILD ELF  (# 297)
> Oyster Bay, New York
>
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