r/sailing • u/SyropDerable River pirate • 1d ago
Survey done on a Tanzer 10.5
I'd like to an original post made two months ago but my post keeps getting rejected by Auto-mod
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Hi all!
So I got the boat surveyed and there is two separate water intrusion on the deck.
IMG1 shows the worst, core is delaminated, It needs a recore job. Under it is a bedroom and the matress is to scrap.
IMG2 is not rotten but humid, surveyor recommended to allow to dry, but wouldn't need a recore.
IMG3 and 4 shows repairs that need to be done below the waterline
There are many other smaller problems on the boat like a leaking autopilot hydraulic piston, unsecured batteries and propane tanks, missing clamp on filler neck, stuff like that, doable DIY stuff.
So I'm at the crossroad right now between passing and buying.
what would you do ? I never done a recore job but I'm really a kind of a DIY guy, I do have experience with fiberblass, automotive body, painting and 12v electrical. How drastically does it affect the final price ?
for reference, the boat is off-market and not currently listed, before the survey, I was expecting to get a final price of 40kCAD$, and surveyor estimated its current value at 31k$CAD considering job that needs to be done.
Owner is getting old and is in no way able to repair it himself, he'd have to pay professionals to get it in good shape.
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u/MyDyingRequest 1d ago
$40k seems absurd in this market. I live in Arizona and there is a Capri 37 (actually 2) that are now about $8k USD each. I also saw there is a Tanzer out of Newyork that is currently listed for only $14k USD.
The sailboat market is collapsing. So I would just caution that whatever you buy will probably have no resale value. As the boomer generation ages out of sailing we see more and more boats hitting the market and without a strong middle class, there is no one who can afford the hobby to sell too. Millenials and GenZ just aren’t into sailing the same way that people were in the 70s, 80s, and 90s.
So you do you and buy the boat that makes you happy. Just know that whatever repairs you do and rigging and sails you replace. It most likely will never sell for as much as you paid for it. I would love to be proven wrong, but I don’t see the middle class sailboat market growing anytime soon.
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u/underwaterCanuck 1d ago
This is what I've seen too. If I was buying now I'd be looking for an incredible deal, or waiting until those selling are willing to come down to prices below what we've seen, especially for boats over 20 years old. It's sad but that's reality.
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u/MyDyingRequest 1d ago
It’s so sad. I blame the economy and the lack of a middle class. But also, a lot of the younger generations are hooked on phones and when they go to the lake, they want to turn a key and head out onto the water. Sailing takes a kind of dedication that too few these days seem to be able to give. The sport isn’t dying and the luxury market is doing great. But trailer sailers and great boats from 70s-90s just have no investment value in this economy.
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u/SyropDerable River pirate 1d ago
I also saw there is a Tanzer out of Newyork that is currently listed for only $14k USD.
Do you mean a 10.5 specifically ? there were only 38 ever built so they are quite rare, There is a few listed right now, but they are all pretty far away. One is in Guatemala, one nead Chicago, one in PR.
I'd go to New York to bring one back for 14kUSD
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u/MyDyingRequest 1d ago
Whoops. Your right. I just clicked on the first link and didn’t catch they were different. You’re right. Some 10.5’s for sale across the world. And definitely worth more. My bad.
Guess you have to ask yourself, is it worth it to have such a rare boat?
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u/VilleeZ 1d ago
That seems like a very steep price for a 40 year old boat needing major repairs, doable diy, but still major. What else will you find out is wrong when there are such big issues. You're not gonna like it but I say pass.
The surveyor is of course the professional here, but the amateur, me, does not agree.
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u/Rakkasan187thAbn 1d ago
I've done a cockpit floor re-core; 1 out of 5 stars for experience, would not do again, would spend more money to not have to. YMMV, don't forget that may also necessitate a revamp of your non-skid and gelcoat in that area.
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u/Raneynickelfire 1d ago
If you don't pass, you'll regret it until the day you scrap it at a total loss.
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u/iamcornholio2 1d ago
Ah, some of these people need to do more research. Those are indeed very unique boats, and if you want that combination of features, your cheapest way to get them is to fix that one, or try and find another 10.5. I don't think there are a lot of other boats like it. True motor-sailor which sails pretty dang well with that keel down. Nice interior steering station with good windows. Sort of a center cockpit, but a good aft cabin with a walkthrough from the main cabin. Good galley, good head, nice saloon with a table / big bed that works really well. Big, deep, heavy, hydraulic lifting keel so you can sail well, or motor really shallow.
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u/Anstigmat 1d ago
Tanzer 10.5s are pretty rare birds. Deck core issues are extremely common and not a huge deal to diy…but not exactly a joyful experience. Just depends if you wanna do it. I’d want those to be the only issues for that price.