Hello, I am looking into vessel to use cruising (loop?) and live aboard.
I am looking to spend around $50 – 60K which puts me in the late 70’s to early 80’s taiwan trawler class. I have found this one close by (relative to Texas anyway) that has great eye appeal, but there are some issues.
1981 CYM 37 DOUBLE CABIN Power Boat For Sale - www.yachtworld.com
The interior layout appears to be standard for boats from that era and size.
It has a solid hull with no apparent leaks around windows, etc. and the interior appears in good condition. It has fresh exterior paint and a bottom job in last 2 years. There are teak decks that the current owner sealed with epoxy paint. All electronics would need to be added or replaced. It probably has the original iron tanks. There is an engine oil leak. There are some soft spots on the FB. Additional ground tackle would be needed. There are NO maintenance records for engine, generator, etc. The wiring is neat and not a rat’s nest! It is missing the mast/radar post. The port stern hawser is missing a horn. The boat has been under contract, but, the buyer backed out midway through the survey due to the soft spots on the deck. I have read this survey, but, it is not complete.
I am pretty sure the boat sold for $15 to 16K 2 to 3 years ago. (found an old ad asking 16k).
Should I grab this one with the idea of it being a learning experience, or, keep looking. I realize that with age and $ amount I am willing to spend, any boat I look at is going to have some issues.
Thanks for any input.
Oh, ID-10-T => idiot