[quote=mma600psi]I am not very experienced with overhauling boats, but here is some "pearls" of wisdom I can share:
Generally a boat is not an investment, with net gain financially. If you can rationalize that you will put say buy it for 3K put 3K into it over 3 years and sell it for 5K, and write off the 1K as time use then fine thats reasonable.
When pricing anything for my business or other use, whatever I expect for something to cost when finished I factor in at least 30% above that. That will cover you from optimistic worst case scenario and put you more at a realistic figure.
For a boat I would honestly put a 50% cushion for cost.
So rigging, bits and ends estimate $1,000. A realistic figure would be $1,500.....
Thats just the way I like to figure things....[/quote]
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