| Boat Evaluation For Yacht And Boat Owners | | Imprimir | |
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When considering whether to independently determine the value of a boat before buying or selling, you may find the following evaluation checklist of help. We also suggest that you do this appraisal together with a friend as four eyes see better than two. You can use this checklist when looking at the vessel, to help you examine the condition of the boat, and to spot repairs or improvements that may be necessary to take into account before settling on a final price.
When considering whether to independently determine the value of a boat before buying or selling, you may find the following evaluation checklist of help. We also suggest that you do this appraisal together with a friend as four eyes see better than two. You can use this checklist when looking at the vessel, to help you examine the condition of the boat, and to spot repairs or improvements that may be necessary to take into account before settling on a final price. 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) Check the engine block, including the ancillary systems such as steering. You should of course turn the engine on and try it out. After that, have a look inside and check for oil leaks or for too much smoke in the engine compartment, for eventual cracks on the engine block, and for the state of all the cables and moving parts. 4) Check the rest of the electrical equipment, and all the switches. Turn everything on and off, and verify that it works. Do this both for the external navigation lights and switches, and for the internal ones of the living compartment, including for the kitchen and toilets. 5) Check the bilges for watermarks and signs of oil leaks: Check the bilges, beneath the engine for water ingress and for oil. If oil is present, it's a sign of an engine oil leak. Also look for water stain lines inside the boat or inside any engine compartment. If they exist, it would indicate that there has been some kind of flooding. 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) Have another look at the wooden parts of the boat, if any are present. Is there any sign of warping, chipped areas, or damp spots? Is the wood well maintained? This is a difficult and expensive area to repair, and you want to make sure that there won't be too much to do extra. 8) If the boat you are evaluating is a sailing yacht, check the sails and rigging. Everything should be in good condition, including the spares. Unfold and unfurl everything. If any repairs have been made on the sails, check their quality. 9) What accessories will be part of the deal? Make sure to make an inventory of all the extras, and evaluate them to their fair used material price. This could make a serious difference to end value, especially if a lot of electronics are part of the deal. 10) Don't neglect to look at the safety equipment. Not only do you want to ensure that it's present and in good order, but its state of maintenance will shed light on the care that the previous owner put into the boat, which is an important consideration for boat evaluation. About the Author: More cool stuff on boat evaluation is available at BoatValueWorld.com - click on a link and you will be in the right place to start for all boat pricing queries. |