cthippo
Senior Member
- Joined
- Sep 20, 2010
- Posts
- 813
- Reaction score
- 52
- Location
- Bellingham WA
Being at the tail end of the process, I'm going to disagree with everyone here (as usual)
I would say a rebuild can work in specific circumstances, namely..
You have more time than money, and plan on doing all or nearly all the work yourself
You are doing it for your own use, not for resale
You have a weird use case that an off-the-shelf vessel cannot easily meet
Your other option is not having a boat at all.
I do agree that the correct mindset is necessary, that you are going to spend far far more time working on said boat then using it. Expect to re-do things several times before you figure out the right answer. Expect to throw away expensive materials because that idea just didn't work. You have to be in it for the journey, as well as the destination.
I've spent the last year working on mine and am right at the cusp of launch. Need a full day of labor on affixing the cabin and she is ready to go. This started as a $500 speedboat in horrible shape and is ending up as a vessel well suited to my needs. Could I have taken the money I spent on parts and materials and bought something better in turn-key condition? No, because no one makes boats specifically designed for this purpose. The closest things i see on the market are well over $100k, and still aren't ideal, and I guarantee I have not spent that much. Finally this has been the only viable path for me as I am a poor human and being able to pay for things in small pieces when I can afford them is what makes the project viable. Yeah, it means I may have to wait months to afford a thing I need, but progress is still being made. I am in a position where I have very little money and lots of time and enjoy making things. The journey has been enough fun on it's own that while I am excited about the destination, it is not the element on which the experience hinges.
And if you need further evidence, I am actively looking forward to my next restoration project.
I would say a rebuild can work in specific circumstances, namely..
You have more time than money, and plan on doing all or nearly all the work yourself
You are doing it for your own use, not for resale
You have a weird use case that an off-the-shelf vessel cannot easily meet
Your other option is not having a boat at all.
I do agree that the correct mindset is necessary, that you are going to spend far far more time working on said boat then using it. Expect to re-do things several times before you figure out the right answer. Expect to throw away expensive materials because that idea just didn't work. You have to be in it for the journey, as well as the destination.
I've spent the last year working on mine and am right at the cusp of launch. Need a full day of labor on affixing the cabin and she is ready to go. This started as a $500 speedboat in horrible shape and is ending up as a vessel well suited to my needs. Could I have taken the money I spent on parts and materials and bought something better in turn-key condition? No, because no one makes boats specifically designed for this purpose. The closest things i see on the market are well over $100k, and still aren't ideal, and I guarantee I have not spent that much. Finally this has been the only viable path for me as I am a poor human and being able to pay for things in small pieces when I can afford them is what makes the project viable. Yeah, it means I may have to wait months to afford a thing I need, but progress is still being made. I am in a position where I have very little money and lots of time and enjoy making things. The journey has been enough fun on it's own that while I am excited about the destination, it is not the element on which the experience hinges.
And if you need further evidence, I am actively looking forward to my next restoration project.