BoatDealerOnline

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) Examine the boat's hull: Examine the hull and carefully and look for any cracks or chips in the gel coat. Look for any evidence of blistering or fading. If the boat it is out of the water, do also look beneath the waterline for recent maintenance work and antifouling.

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 radio as well as all the electrical equipment, the batteries, and all switches. Make sure that everything works and is in good order, and that there is no excessive wear and tear.

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) Now revisit all the external surfaces, from the deck to the inner furnishings, and also all the upholstery. Are there any problems that may result in a lower value of the boat? What is the status of repair of all these items?

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.
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 accessories included? If yes, what equipment is on board? Check whether accessories and other equipment are part of the deal. The new owner is going to need them anyway, so it's usually of advantage to both parties to include them (unless the seller needs them for another boat).

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.