I alway like reading this type of opinions on restoration cost and final value... of course there is different types of resto/ cost of resto vs market value... lets say you have a project like my chris cat... lets say i will have 60k in it after paint interior and powertrain with regular refreshed 500 or 525 and bravos... and will be done exactly how i want it. And someday i will sell it ...30-40k? So a 20-30 k lost on a couple year... if lucky sell it 50k and loose 10k?

or , IF you have the mean you can buy a somewhat new boat for...300-400k and ... i think it is more possible to loose 100k or more like 200k when selling back a couple years after, and this could even be lost in just a year or 2!

as stated above, i have my sonic running so the resto is not a rush and still can enjoy boating all summer!

I sure am not the only one who cant afford a new one but restoring gives me a way to get pretty much what i want!

so i get the " you wont get back what you have into it! On a resto. But would you honestly think and say a new or close to new boat wont loose value and dont have a depreciation? I think both will loose value, but you cant loose 200k on a refurb 60 or 100k boat, right?

Am I the only one that thinks it'd be cool to have to drive that road every day and see that on stands right next to the road like it was parallel parked there?

Hold my beer buddy .
I got $250+K into a 80`s Flat Deck
.

Yes, but you have and awesome Flat deck. :cool:

It's all relative. The guys that buy a brand new boat can afford to lose the "off the lot hit". Just like the most guys that are gonna lose tens of thousands from upgrading and restoring can technically afford it and the hit probably feels the same in the big picture.

It's a cruel irony - Those that can actually afford to dump the money that is truly needed into these restores with out a problem, just buy new boats that need no further money. The guys that actually can't or shouldn't be spending money after they buy a boat because of budget, can't afford a new boat and buy used which keep milking money.

At least this one is a bit more rare.
https://longisland.craigslist.org/bo...270641724.html

I'm just not sure where to install the dryers. :lolhit:

I offered my Tiger to a few people at 285k obo, i have 3 times that in it, every nut and bolt has been redone.. i still get the same few guys that say no way, its a 20 year old boat, but i tell them to build it brand new, its over a mil, and where can they find new, mid 90's reliability for that price on a trailer... tire kickers they are... budget ballers.

Exactly, fine balance that'd be hard to calculate.

My guess is next to the graffiti in the cabin. WTF

I really admire the owners that bring a boat back to life as there always are unknowns and extended timelines. Four years ago i began a project to update a boat I owned including some minor structure work, new to me sorta rebuilt engines and a redo of the cockpit interior. Early in the project I was hospitalized for four days and with nothing to do I seriously started figuring out material and hired labor costs plus a timeline. On the second day reality set in and I placed a for sale ad on Powerboat Swap Shop and sold everything as is at a loss but a significantly less loss. The buyer sold everything a year later and the next owner talked to me about converting to outboards but the project still sits. One of my favorite photos is that boats stern as it's being hauled out of town.