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Topic Title: What premium is a clean boat worth?
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Created On: 07/26/2012 07:09:22 PM
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 07/26/2012 07:09:22 PM
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stp012
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That's the question I'm asking myself. I've found a very clean 1980's Holiday Mansion that I'm considering buying. I've negotiated the selling price to a couple grand less than I think it's worth. So what's the problem you say? The problem is it's going to cost ten grand to ship it. This equates to me paying a premium of about $8k on a boat that is valued in the neighborhood of thirty some thousand dollars.

I have been on the market for a couple months now and no matter what I think I'm going to have to pay at least some freight charges to get a boat to my waters because there are very few houseboats in my immediate area. Best case scenario I find something a couple hours away and have to eat a $2k freight bill. So considering this we're now talking a $6k premium and the delta is decreased.

I've found a lot of junk so far. There are a lot of houseboats out there that are beautiful in the cabin but have been neglected in the engine room and bilges, and this is at the top of my list. I can deal with an ugly cabin; I can't deal with neglected systems.

The boat I've found is immaculate. The engine room looks new. It's a 1980's model and you'd never know it because of the care it's received.

So, am I out of my mind to fork over an additional $6k? Perhaps I should take a step back and watch the market into the fall as there might be more boats popping up soon closer to me?
 07/27/2012 12:09:26 AM
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capnmorgan
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How far does it need to travel?
 07/27/2012 04:11:41 AM
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42gibson
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were moving a 44 ft. gibson 450 miles for a cost of 4500$ .its just the cost of boating.

-------------------------
1991 gibson 44 executive
454's
norwich,ohio
docked on the good ole ohio river in marietta
 07/27/2012 05:10:27 AM
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stp012
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1,300 miles.
 07/27/2012 08:30:11 AM
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capnmorgan
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Must be a real nice one to move that far. What area are you from? If you don't mind me asking.
 07/27/2012 09:23:53 AM
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stp012
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Central MA.
 07/27/2012 02:11:20 PM
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TonyB
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Only you can answer that question.

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Never wrecked a boat while awake or sober

Kemah, Tx. - Galveston Bay
 07/27/2012 04:16:49 PM
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clarencio5
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Where is boat docked?? Why don't you have someone (like me?) take it up the intracoastal to somewhere in Ma. that would be much closer?????
 07/28/2012 08:41:12 PM
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stp012
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It's inland near the Great Lakes, nowhere near the ICW.
 07/29/2012 02:32:16 AM
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clarencio5
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Find one closer. You can clean up a lot of boat for $8000.00
 07/29/2012 09:45:12 AM
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OLD HOUSEBOATER
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A clean boat is not worth a premium. It is the base against which, lesser condition, boats are discounted.

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OLD HOUSEBOATER
 07/29/2012 02:51:36 PM
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stp012
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> A clean boat is not worth a premium. It is the base against which, lesser condition, boats are discounted. <

Well put! Perhaps my logic was a little backwards.

I was doing the math today and to equip and condition the previous boats I've looked at, to be comparable with this boat, would exceed the difference in price. So maybe I'm not that far off track....
 07/29/2012 05:21:37 PM
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OLD HOUSEBOATER
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There are 4 kinds of boaters.

1. The serious boater that appreciates a fine unit and keeps it pristine. He usually pays to have mechanical work done for him and keeps everything polished and ship shape.

2. The serious boater that appreciates a fine unit and gets an inordinate amount of pleasure bringing a POS back to pristine condition. (me)

3. The user. As long as it doesn't sink and can get from here to there, most of the time, he's satisfied.

4. Those that are in between the above examples.

Each of us has our place in the community and this keeps the world going round.

The boat your looking at is probably owned by a #1 or #2.

Suggest your surveyor pay particular attention to upper rear cabin corners, area under rear slider, area under salon rear window, side decks, and stringers under and behind engines, for soft spots. Also transom if an outdrive boat.

If it's great, and not a strain, GO FOR IT. It's a big deal, to have pleasure without hassle, from day 1.

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OLD HOUSEBOATER

Edited: 07/29/2012 at 05:55:47 PM by OLD HOUSEBOATER
 07/29/2012 07:33:05 PM
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stp012
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> It's a big deal, to have pleasure without hassle, from day 1 <

Especially when you have young children; ours are 4 months old and 3 years old. There is a HUGE value to me for a boat that requires only preventive maintenance out of the gate. The last boat we bought was neglected and it took a LONG time to get everything in order because my time was so limited.

I checked the boat myself with a moisture meter (all very dry) but I cannot recall if I checked the area under the rear slider. Thanks for the heads up! I'll make sure he checks this area thoroughly.

Edited: 07/29/2012 at 07:39:21 PM by stp012
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