And the Survey Says…

Well, we have them. The survey reports have arrived, and we get to spend this weekend reading them, trying to decipher them, and deciding what they tell us about what we should do next.

Both of the surveyors submitted individual reports, and both are filled with technical descriptions of the systems and components on the boat, as well as some pretty basic advice that seems self-evident (” Have plenty of fire extinguishers on board”…well duh)

Each of the survey reports provides a synopsis of the hours that each surveyor spent going over the boat, and along with photos of significant issues that were found, the survey reports provide a sort of to-do list of items in an A,B,C format.

The “A” list includes things that should be taken care of immediately, to avoid unpleasant consequences like fire, sinking, and stuff like that which could surely take the shine off the day. If we decide to go through with the purchase, the things on the “A” list need to be addressed before we take delivery of the vessel so that we can have at least a fighting chance of getting her to Florida right-side-up.

The “B” list is comprised of things that, while not immediately urgent, are certainly significant, and bear addressing at the first reasonable opportunity. These are things that would not pose an immediate danger to the vessel or crew, but which, if left alone, could deteriorate to the point that they become inherently hazardous. So, fixing the “B” list items will help the Florida economy when we drop her off at the boatyard when we get her to Daytona Beach and say “Call us when you’re done”. This will be proof positive of the old axiom that BOAT means Break Out Another Thousand.

Now to the “C” list. These are things that are primarily cosmetic or comfort-related, but may also include things that, again, if left alone long enough, could become seriously problematic. That’s the nice things about bigger boats…almost nothing can be ignored indefinitely, except at your own peril. The “C” list contains items that need to be addressed in a “reasonable” timeframe, and will be placed on one of the many Excel spreadsheets I’ll be creating to keep track of what needs to be done, when it needs to be done, and when it done got done.

We’ll be looking at the list of items on the hull surveyor’s “A” list as well as the separate items on the engine surveyor’s “A” list, and we’ll combine the most significant of those into a master list that we’ll send to a couple boatyards to get an estimate of the cost of the necessary repairs, refurbishments, etc. represented on the list. With those cost estimates in hand, we’ll be ready to go back to the seller with a revised offer, and then we’ll cross our fingers and hope they don’t decide to back off.

It really won’t be to their benefit to do so, because anything our surveyors found, another potential buyer’s surveyors will also probably find, so these are things the seller will have to deal with at some point, regardless. At least that’s the way it looks from our perspective.

Things still look hopeful, so we hope you’ll stay with us as we continue our journey toward “yacht” ownership, and if you have any comments or insights, we welcome your input.

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About TwoCaptains

The TwoCaptains are Jim and Janet, both US Coast Guard licensed boat captains home-ported in Daytona Beach. We recently sold our 1990 Ocean Yachts 56' CPMY "Magic Carpet", and now we're in the hunt for a replacement.
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