|
Word Count: 659 Buying a wooden restoration project boat
How to find that perfect wooden boat restoration project. There are essential
just three simple steps to follow in order to obtain the a desirable brand and
make of wooden boat at a discount to market price. Things to consider, for
instance within the contentment United States the value of money varies greatly.
Where a job paying $16 an hour in the Midwest would be a respectable job, this
same wage on the west coast would barely support living conditions. Some key
areas of the country to target for boats in general is the Midwest region
surrounding the great lakes. Typically boats are always going to be cheaper
within this region then they would be in on the east or west coast. Notably
though the size of the vessel your looking for might not be available in these
regions as ocean fairing vessels will be larger.
What are the three main considerations for finding a good wooden boat
restoration project, outside of boat condition, which might be a plus that is
covered in another article. The three considerations to be made are as follows,
what proximity to home does the restoration process have to be, finding the
obscure gems, finding the unlisted gems.
What proximity to home does the project have to be, well the reason this comes
up is the first topic referenced to above. Certain areas of the country will
value assets at different prices, a $100,000 boat in the Midwest may sell for
$200,000 or more on the east and west coast. So if you have the time to work on
a wooden boat restoration project within different regions of the country this
might be the easiest way to save considerable money acquiring the boat of
choice. Unfortunately for most of us this is not an option as we are unable to
spend extended times away from home due to work or other issues. It still may be
cheaper to purchase the boat and actually pay to have it moved, if the cost of
the boat is $100,000 less in this region that means you can certainly cover the
cost of moving the boat and still have saved considerably.
If looking in different regions on the country are not really an option then
there are two more techniques that are very useful. One looking obscure regions,
within a tight geographical region prices are going to be the most expensive in
metropolitan areas and close proximity of harbors. Starting the search within
the interior may lead to savings as these boats are easily over looked.
Especially wooden boat restoration projects, being that they are in the interior
regions they are usually equipped to be moved. That means you won't be stuck at
some marina working on the boat. It would be considerably easier to tow the boat
home and be able to work on it.
Looking in places outside of the harbors is usually the best way to find that
low cost wooden boat restoration project; however, it is still important to
check with the marinas. Every year people decide to undertake a restoration
project or let a wooden boat sit too long. Many people find that they either get
tired of the maintenance of wooden boat or that they are no longer interested in
the restoration process. The biggest hindrance to restoration project can be the
storage cost of leaving it a marina, in fact many times these storage cost are
more the capital spent on the boat. These leads to the abandonment of many
boats, instead of paying the storage fees they owner opts to desert the boat and
relinquish claim to it. The marinas are not interested in owning a project boat
and are willing to get rid of at a extremely discounted rate in order to recoup
the monies previously owed to them.
|
