thebruce
Veteran Member
- Joined
- Nov 22, 2020
- Messages
- 62
- Vessel Name
- Barbary Ghost
- Vessel Make
- Grand Banks 32
Love the passion. You guys are great. Thats why forums like this are such a resource.
I'm still taking all the feedback in right now. Im honestly a bit surprised on how negative the comments are. I came in expecting a 60/40 split. I figured there would be a small GB woody fan club who told me dont listen to the haters. But...the fact im seeing a 90/10 split from knowledgable owners does give me pause and makes me re-calibrate. So thank you for that.
And I also get it. We get the same type of posts on the Porsche forums from the newb who found the diamond in the rough. People see 1) a newb with 1 post, 2) what sounds like a wreck and 3) a woodie and what immediately comes to mind is "this guy is an f'n moron and going to get himself in trouble". I've been there and I know you are all looking out for my best interest.
In my defense, im certainly an idiot but im not an moron. The projects are half the fun. I'm one of those people who enjoys taking things apart, researching them for days and weeks until ive built the confidence and skills to rebuild it better than new. It's part of the pride of ownership. Other guys just want to get in a go. Thats not me.
But im also not some DIY hero who is a glutton for never ending punishment. I love nothing more than finding a good hack to get the best ROI for each job in terms of cost, effort and outcome. Ive started a couple companies and this is fundamental to all value creation.
On the other hand, some guys consider it a badge of honor on how much they spend to maintain their hobby. These guys either lack the intellectual curiosity or patience so gladly pay the idiot tax.
So...my "hope" is that boats are like cars. I could easily bring my car to the dealer and wont leave without paying at least $4k. Or I can sleuth out who the good indy mechanics are and pay $1.5k. Or I can spend a week of research and $150 in parts and do it myself over a weekend - and be proud of that accomplishment vs pissed off I just burned another $4k. If this doesn't hold true for boats, by all means, please let me know. A big part of my equation is riding on this.
Further, I want to challenge some of the earlier points raised. Im not intending to be belligerent or combative, because they were all very useful. So please dont take offense. The point is to test my assumptions and understand where my blind spots are.
1 - one post suggested I buy a GB32 fiberglass boat listed for $56k. That boat has the same rot issues in the cabin and flybridge, correct? Dont all GBs suffer the same thing? So wouldn't I have an extra $44k to make a pristine woodie? Are hull/structural issues that pervasive and expensive on woodies to justify spending $44k more?
2 - another post said I could easily spend $30k on it. I dont disagree over the long haul. Im seeing GB32 woodies go for 20-50k on the west coast. So lets say I spend $30k, made it into a pristine GB32 and only get $30k for it after 5 years. So im out 12k. All boats are depreciating assets. If I bought a brand new Protector I'd lose a hell of a lot more than $12k over 5 years, right?
3 - another post said I was looking at hundreds of hours of work. I agree. But lets break that down:
- Sanding and scraping. Yea its not a fun job. Luckily it doesn't require a rocket science degree so can be hired out at $30/hr. Is a yard at $120/hr somehow 4x better at sanding? Further, the guy charging $30/hr is paying his guys $12/hr, so there's a lot of margin in one of the most unskilled areas of boat maintenance, right?
- Paint and varnish. This is the easier, and rewarding part. Its all the work getting to this point thats sucks, right? For example, I know it costs $3k to hire out to get all the brightwork done. But most of that time is waiting for paint to dry. If you just pay 2-3 guys to scrape and sand over one day its like 24hrs of labor max, or $720. Then for me its only 1-2hrs per coat over the next week or two, right? So...I could a) pay $3k to have somebody do it for me, b) spend a couple grueling weekends as some DIY hero, or c) split the middle and hire out the hard stuff and focus on the fun stuff, at 1/4 the price. Is my math wrong, or am I missing something (im asking not projecting).
- Mechanical. Not afraid. Will take some time to learn diesels but im going take a leap and say its far simpler and more comfortable to work on than a 911 engine. Ive gone through the engine room and the most daunting project looks like cutting the tanks out.
- Interior cushions and canvas. Yes im sure I can easily spend $4k on just the interior. But I can also buy the fabric myself and bring it to a guy who knows a guy that does good work and charges 1/3 the marine shop idiot tax, right? That may take a few weeks of digging, but somebody knows this guy and the effort pays for itself right? Further, a $50k fiberglass GB will still have a dated interior...and Im gonna pay an extra $4k just in sales tax on that boat.
- Rot fix above the water line. Yes, this certainly concerns me. But all fiberglass GBs suffer from the same issue so if im not comfortable with this risk and dont learn how to repair it, im much better off buying a Boston whaler, right? Ive been binging on YouTube videos and it doesn't look like brain surgery. Its scary digging holes in your boat, but so is pulling a transmission off a car the first time. The second time its just 16 bolts.
- Rot and structural issues below the waterline. Yup, this scares me. This is moving into the unknown on costs, time, probabilities, etc. I dont have enough information here. Whats the maintenance schedule, risk factors, likely issues you run into, etc. All I know is there are yards in the delta that focus on wood boats and are more affordable. So this requires more digging and would be the primary go/no go line on the survey.
- Lastly, one of my assumptions is I can stage these out to a project every quarter. Q1 is stripping back the cabin, flybridge and brightwork, Q1-Q2 is the interior, Q2 is the engine room, Q2-Q3 is priority 1 engine work, Q3-Q4 is re-caulking the decks, Q4-Q5 is the topsides, Q5-Q8is the ongoing mechanical and electrical upgrades. And then over 2 years you have a pristine boat you can be proud of.
However, if its more likely im going to have 5 urgent projects all at the same time, yes, this feels like a losing battle I dont want to get into. So in your experience, where does it fall?
Again, please dont take these as an attack on any of your suggestions. They were all very useful. Im just trying to test some assumptions to understand if this is or isn't the right project for me.
Thanks again!
Ps - One other tidbit I just learned on the boat is the guy aparently took it from SF to Oregon and back last year. That doesn't seem like a trip somebody takes if they aren't confident in their boat.
I'm still taking all the feedback in right now. Im honestly a bit surprised on how negative the comments are. I came in expecting a 60/40 split. I figured there would be a small GB woody fan club who told me dont listen to the haters. But...the fact im seeing a 90/10 split from knowledgable owners does give me pause and makes me re-calibrate. So thank you for that.
And I also get it. We get the same type of posts on the Porsche forums from the newb who found the diamond in the rough. People see 1) a newb with 1 post, 2) what sounds like a wreck and 3) a woodie and what immediately comes to mind is "this guy is an f'n moron and going to get himself in trouble". I've been there and I know you are all looking out for my best interest.
In my defense, im certainly an idiot but im not an moron. The projects are half the fun. I'm one of those people who enjoys taking things apart, researching them for days and weeks until ive built the confidence and skills to rebuild it better than new. It's part of the pride of ownership. Other guys just want to get in a go. Thats not me.
But im also not some DIY hero who is a glutton for never ending punishment. I love nothing more than finding a good hack to get the best ROI for each job in terms of cost, effort and outcome. Ive started a couple companies and this is fundamental to all value creation.
On the other hand, some guys consider it a badge of honor on how much they spend to maintain their hobby. These guys either lack the intellectual curiosity or patience so gladly pay the idiot tax.
So...my "hope" is that boats are like cars. I could easily bring my car to the dealer and wont leave without paying at least $4k. Or I can sleuth out who the good indy mechanics are and pay $1.5k. Or I can spend a week of research and $150 in parts and do it myself over a weekend - and be proud of that accomplishment vs pissed off I just burned another $4k. If this doesn't hold true for boats, by all means, please let me know. A big part of my equation is riding on this.
Further, I want to challenge some of the earlier points raised. Im not intending to be belligerent or combative, because they were all very useful. So please dont take offense. The point is to test my assumptions and understand where my blind spots are.
1 - one post suggested I buy a GB32 fiberglass boat listed for $56k. That boat has the same rot issues in the cabin and flybridge, correct? Dont all GBs suffer the same thing? So wouldn't I have an extra $44k to make a pristine woodie? Are hull/structural issues that pervasive and expensive on woodies to justify spending $44k more?
2 - another post said I could easily spend $30k on it. I dont disagree over the long haul. Im seeing GB32 woodies go for 20-50k on the west coast. So lets say I spend $30k, made it into a pristine GB32 and only get $30k for it after 5 years. So im out 12k. All boats are depreciating assets. If I bought a brand new Protector I'd lose a hell of a lot more than $12k over 5 years, right?
3 - another post said I was looking at hundreds of hours of work. I agree. But lets break that down:
- Sanding and scraping. Yea its not a fun job. Luckily it doesn't require a rocket science degree so can be hired out at $30/hr. Is a yard at $120/hr somehow 4x better at sanding? Further, the guy charging $30/hr is paying his guys $12/hr, so there's a lot of margin in one of the most unskilled areas of boat maintenance, right?
- Paint and varnish. This is the easier, and rewarding part. Its all the work getting to this point thats sucks, right? For example, I know it costs $3k to hire out to get all the brightwork done. But most of that time is waiting for paint to dry. If you just pay 2-3 guys to scrape and sand over one day its like 24hrs of labor max, or $720. Then for me its only 1-2hrs per coat over the next week or two, right? So...I could a) pay $3k to have somebody do it for me, b) spend a couple grueling weekends as some DIY hero, or c) split the middle and hire out the hard stuff and focus on the fun stuff, at 1/4 the price. Is my math wrong, or am I missing something (im asking not projecting).
- Mechanical. Not afraid. Will take some time to learn diesels but im going take a leap and say its far simpler and more comfortable to work on than a 911 engine. Ive gone through the engine room and the most daunting project looks like cutting the tanks out.
- Interior cushions and canvas. Yes im sure I can easily spend $4k on just the interior. But I can also buy the fabric myself and bring it to a guy who knows a guy that does good work and charges 1/3 the marine shop idiot tax, right? That may take a few weeks of digging, but somebody knows this guy and the effort pays for itself right? Further, a $50k fiberglass GB will still have a dated interior...and Im gonna pay an extra $4k just in sales tax on that boat.
- Rot fix above the water line. Yes, this certainly concerns me. But all fiberglass GBs suffer from the same issue so if im not comfortable with this risk and dont learn how to repair it, im much better off buying a Boston whaler, right? Ive been binging on YouTube videos and it doesn't look like brain surgery. Its scary digging holes in your boat, but so is pulling a transmission off a car the first time. The second time its just 16 bolts.
- Rot and structural issues below the waterline. Yup, this scares me. This is moving into the unknown on costs, time, probabilities, etc. I dont have enough information here. Whats the maintenance schedule, risk factors, likely issues you run into, etc. All I know is there are yards in the delta that focus on wood boats and are more affordable. So this requires more digging and would be the primary go/no go line on the survey.
- Lastly, one of my assumptions is I can stage these out to a project every quarter. Q1 is stripping back the cabin, flybridge and brightwork, Q1-Q2 is the interior, Q2 is the engine room, Q2-Q3 is priority 1 engine work, Q3-Q4 is re-caulking the decks, Q4-Q5 is the topsides, Q5-Q8is the ongoing mechanical and electrical upgrades. And then over 2 years you have a pristine boat you can be proud of.
However, if its more likely im going to have 5 urgent projects all at the same time, yes, this feels like a losing battle I dont want to get into. So in your experience, where does it fall?
Again, please dont take these as an attack on any of your suggestions. They were all very useful. Im just trying to test some assumptions to understand if this is or isn't the right project for me.
Thanks again!
Ps - One other tidbit I just learned on the boat is the guy aparently took it from SF to Oregon and back last year. That doesn't seem like a trip somebody takes if they aren't confident in their boat.
Last edited: