It is possible to determine the value of a boat by yourself before buying or selling. Besides having a general idea of the market value for the kind ob vessel, it is fundamental to know what to look for. This ten point checklist tells you about the most important factors that may affect the end price of that boat or yacht:
1) Check the boat's hull first, having the vessel out of the water if at all possible. Take note of any scratches, dents, repairs, or other points of interest that may need extra repairs and reduce the value of the boat.
2) Next, look at hatches and fittings on the superstructure. Ideally, everything should fit well, be watertight, in good condition and not warped by dampness. Any exceptions to this warrant a discount on the total price.
3) Now it's the time to check the engine block, including transmissions and steering. Look at the state of maintenance of all the electrical and liquid cables, and of the transmission. The latter should be smooth, and easily switch from forward to neutral to back. The color of the engine oil is a potential indicator of engine problems.
4) Test electrics & switches: Test anything that has a switch or a handle, to see that they function correctly, in particular navigation lights, horn, bilge pumps, internal lights, winches, heating, generator, cooking facilities, taps, toilets. Also check all electrical cabling, looking for any signs of repair, temporary fixes, rust and loose connections.
5) Have a look at all the bilges, under the flooring. Oil signs are a bad sign, you don't want any oil leaks. Watermarks from flooding are sign of a lesser problem. You will want to enquire with the current owner when the flooding happened and why.
6) What condition are the external surfaces in? Examine all external surfaces with care. This includes the gel coat, the woodwork and the upholstery. Some wear and tear will be inevitable, but they will reflect the general condition of the boat. If you are the seller, it can make sense to change the upholstery as this is an inexpensive upgrade that can add more value to the boat than it will cost you.
7) What condition is the woodwork in? You should especially be on the outlook for any damp spots; in general these are darker than the surrounding wood and will be soft to touch. Do also check for warped, chipped and loose woodwork.
8) If it's a sailing boat that you are looking at, check the mast(s), sails and rigging. Don't forget to look at the spare sails, and don't just content yourself with a cursory look - take everything out of its sacks, and don't forget to check all seams.
9) Are any accessories, such as dinghies or navigation electronics, part of the boat evaluation? Don't overlook these as they may make quite a difference on the end price, and provide a basis for extra negotiations and price reduction.
10) Check the safety equipment: Pay special attention to the boat's safety equipment, whether or not it is included - if it is complete and in good shape, there are good chances that the boat has been kept in good order.
1) Check the boat's hull first, having the vessel out of the water if at all possible. Take note of any scratches, dents, repairs, or other points of interest that may need extra repairs and reduce the value of the boat.
2) Next, look at hatches and fittings on the superstructure. Ideally, everything should fit well, be watertight, in good condition and not warped by dampness. Any exceptions to this warrant a discount on the total price.
3) Now it's the time to check the engine block, including transmissions and steering. Look at the state of maintenance of all the electrical and liquid cables, and of the transmission. The latter should be smooth, and easily switch from forward to neutral to back. The color of the engine oil is a potential indicator of engine problems.
4) Test electrics & switches: Test anything that has a switch or a handle, to see that they function correctly, in particular navigation lights, horn, bilge pumps, internal lights, winches, heating, generator, cooking facilities, taps, toilets. Also check all electrical cabling, looking for any signs of repair, temporary fixes, rust and loose connections.
5) Have a look at all the bilges, under the flooring. Oil signs are a bad sign, you don't want any oil leaks. Watermarks from flooding are sign of a lesser problem. You will want to enquire with the current owner when the flooding happened and why.
6) What condition are the external surfaces in? Examine all external surfaces with care. This includes the gel coat, the woodwork and the upholstery. Some wear and tear will be inevitable, but they will reflect the general condition of the boat. If you are the seller, it can make sense to change the upholstery as this is an inexpensive upgrade that can add more value to the boat than it will cost you.
7) What condition is the woodwork in? You should especially be on the outlook for any damp spots; in general these are darker than the surrounding wood and will be soft to touch. Do also check for warped, chipped and loose woodwork.
8) If it's a sailing boat that you are looking at, check the mast(s), sails and rigging. Don't forget to look at the spare sails, and don't just content yourself with a cursory look - take everything out of its sacks, and don't forget to check all seams.
9) Are any accessories, such as dinghies or navigation electronics, part of the boat evaluation? Don't overlook these as they may make quite a difference on the end price, and provide a basis for extra negotiations and price reduction.
10) Check the safety equipment: Pay special attention to the boat's safety equipment, whether or not it is included - if it is complete and in good shape, there are good chances that the boat has been kept in good order.
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