Is a Project Boat Worth the Investment?

Part of the problem, I think, is that a laundry list of factors comes into play when deciding which type of boat to buy. Precious few buyers ever think about them all. You need to consider your aptitude for and attitude toward do-it-yourself projects, your available tools, your age and health, and the age and condition of the vessel—not to mention your expectations and personal circumstances.

With all of that in mind, here are smart ways to think about the possibilities and ­pitfalls that might confront you, whether you go the fixer-upper or turnkey route.

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