I missed it, thanks for pointing that outOctober 2 2011 at 8:23 PM
|Paul (no login)|
Response to Take a second look
On the DIY scale these prices look astronomical, but in the commercial world whether it is design, constrution, custom woodwork, boat repair, auto mechanics, etc., those guys are out there to make a profit. Yes the prices noted here can sure be shaved if you do it yourself, but think of doing the work yourself and then charging someone for it, on a schedule, paying for the shop, tools, taxes, electric bill, employees, healthcare, etc., and you will see the end cost really is only a fraction of what you would be seeing if you bought a 3 year old "new" Chris Craft or anything similar.
Trying to sell one of these for $25,000 would be tough because everyone knows you can buy them cheap. However, you buy a cheap one and you may well end up with a lot of cheap issues like unreliability, cosmetic issues, etc.
On these old boats there is a right way and a wrong way, and they can be done well by the do-it-yourselfer or commercially. If someone commissions all or part of the work, hey good for them if they are fortunate enough to be able to afford it. In the end if they do it right they'll still end up with a boat that will look great and perform as well as a new one, and still save a TON of cash doing it. However, at the time of resale it could be crying time. Therefore we see most of these project being done FOR the owner and not intended to be flipped for a profit.
If you jump into this, just forget about even mentioning it to your financial planner or accountant. It is a lifestyle, HANG ON!!