New member in Texas

rah2

New Member
Sep 18, 2008
2
Austin, TX
Hello CSR members,

Originally from Massachusetts, recent transplant to TX after a two year stay in CO (had enough of Colorado people needed to leave..)

Purchased a "project" boat, with my father-in-law, my first boat, his 6th. 1983 SRV 207 Monaco. From the paperwork I can locate with it. Former owner hadn't a clue, and it sat for a while.

Needs an outdrive seal, and had water forced into crankcase oil from outdrive water kit when he tried to run it on land I was told (motor turns OK, haven't run it yet but it looks like a newer replacement engine) Needs replacement of the wooden stringers under the floor (SR says this is do-able with a little knowledge and is not structurally threatening, and does not require a boatwright to replace them, just some mechanical skill and glass work). Other than that it's all there, needs cleaning, and TLC, came with trailer for $500.

Maybe it's not worth it. I can do all the mechanical, and have a someone to do the wood stringers, but not the glass work after I pull the floor and consoles. Should I just clean it and pass it along for the $500 I paid?

Can I get something better for short $$$?



Glad to be aboard.

LOL....

Thanks,

Bob
 
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The only way to decide what to do is to get estimates on what the repair work will cost. Then decide how much you think you can save doing some of it yourself. Add a slush fund for the "other" stuff you will find while doing what is known. Now, add that up and see what is available in the market for that amount of money. In this boat market, I'd bet that you could SAVE money by buying another used boat that's newer and in better condition. Used boats are a dime a dozen right now and most owners will take an offer MUCH lower than their listing price. It's not uncommon to see them going at 25% off NADA values. The values listed by the owners are WAY over the NADA listing.

Water forced into a crankcase from the flushing muffs probably means a new engine. I'm no expert and it could just be a head gasket. I'd be VERY wary of that statement and I hope its been pickled properly since that event?

The other thing to factor in is that even if you spend $5,000 to fix the boat up, it's still only going to be worth $1,000 to $3,000 based on the NADA value. It's only money and elbow grease!
 
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Bob welcome..
I think Jim gives you some good advice and also some things to consider. If you're not looking at it as and investment(as no boat is) have fun and enjoy. But if you're looking to put the $$$ and elbow grease in and then recoup your investment, walk now.

Best of luck
 
Welcome aboard Rah! I'm down at Marble Falls for the weekend and what a great place. I really like the area around Austin... (I just can't wear my OU gear..heh) You'll find lots of good advice if you decide to pursue your project ( it looks like you've already gotten some) Good luck!
 
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Hello everyone,

Thanks for the welcome and advice!

I'll make my decision and let you know what happens.

Thanks,

Bob
Spicewood, TX
 

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