I'm a retired newbie about to purchase our first trawler.
We've pulled our cost of ownership (reading all of the great posts on this forum, speaking with other boat owners) and now about to make an offer on an 88 GB 42' Classic w/ twin FL engines(1500 hrs). The owner has put in over $110K in the boat in the past 4 years. They are looking for about $190K and I know they paid $134K almost 5 yrs ago. What I don't know is how much do owners expect to see a return on their $ spent on improvements ? Is 30% a reasonable percentage to expect on improvements? Should they hope to recoup $0 dollars and include the $ spent as Cost of ownership? Any opinions would be appreciated. I am not sure how to go about looking at the $ the current owner has spent.
The similar boats I've seen run about $165K+, but none seem to have the kinds of upgrades I see in our "future boat". The seller does not have a broker.
Any thoughts from the group?
Thanks for the reply!