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Restoring a boat with the intention of selling it.

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  • Restoring a boat with the intention of selling it.

    I found a 1957 Starcraft Speed Queen on crags list last summer for $250. When I bought it I planned on making it a winter project and intend to sell it in the spring. I know there is not the possibility of making a big return on the investment of the time and $ spent. I am wondering if there are things I can do that will maximize the investment. The boat is in pretty good shape, the gunnels need to be replaced and the wood seats need to be refinished. I was thinking of painting the seats rather than sanding and sealing with a clear coat. I have also considered making the motor and operating systems operable and updated and selling it without repainting the actual boat with a rat rod look rather than a complete restoration. Any ideas or input that could help me decide what to do with this project?

  • #2
    My thought is that anybody interested in buying this type of boat is going to want one that at least looks period correct. I'd concentrate on making the boat water worthy then see how much I had invested versus how much I could sell it for. Not sure about other people, but I'd pay more for an ugly old boat that was solid than I would for a beauty queen with rotten wood.
    1995 Sea Ray 270DA 7.4L Bravo II

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    • #3
      Got any pics? We may be able to make better recommendations then.
      2002 20' Hydra-Sports 202DC 200HP Yamaha HPDI
      1976 18' Starcraft SuperSport 90HP Evinrude
      Restoration thread http://forums.iboats.com/showthread.php?t=357767

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      • #4
        Your asking how to maximize your return,... yet you want to cheap out with paint ???

        Best return on old woody's is when you bring them back to original cond.
        Last edited by shaw520; December 13th, 2016, 11:53 AM.
        1990 SeaRay 280 Sundancer w/twin 5.0 Mercruisers
        1988 SeaRay 230 Weekender w/ 5.7 Mercruiser
        1969 Starcraft Suncruiser 20V (project in works)
        1992 Winner 180 w/ 5.7 Mercruiser (like new w/cracked block)
        1989 SeaRay 290 Amber Jack w/ twin 5.7 Mercruisers (parts boat)
        1981 Thompson Sportsman 20' hardtop w/165hp Mercruiser (sold)
        1978 SeaRay 190 SRV w/ 160hp Mercruiser (sold)
        1975 Silverline 18' w/ 115hp Mercury O/B (sold)
        1960 Thompson 18' woody w/ 90hp Evinrude (dads boat, sold)

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        • #5
          Originally posted by shaw520 View Post
          Your asking how to maximize your return,... yet you want to cheap out with paint ???

          Best return on old woody's is when you bring them back to original cond.


          This woody is an aluminum boat with wood rub rails.

          Click image for larger version

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          BOAT SPECS FORUM HELP STARCRAFT FORUM SHOP iboats
          Please, no PM's (Private Messages) regarding boat/engine problems.
          That is what the forums are for.
          Only forum/moderator issues will be answered in PM's.

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          • #6
            1990 SeaRay 280 Sundancer w/twin 5.0 Mercruisers
            1988 SeaRay 230 Weekender w/ 5.7 Mercruiser
            1969 Starcraft Suncruiser 20V (project in works)
            1992 Winner 180 w/ 5.7 Mercruiser (like new w/cracked block)
            1989 SeaRay 290 Amber Jack w/ twin 5.7 Mercruisers (parts boat)
            1981 Thompson Sportsman 20' hardtop w/165hp Mercruiser (sold)
            1978 SeaRay 190 SRV w/ 160hp Mercruiser (sold)
            1975 Silverline 18' w/ 115hp Mercury O/B (sold)
            1960 Thompson 18' woody w/ 90hp Evinrude (dads boat, sold)

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            • #7
              I will post up pics this evening. I do plan on spending $500 or so on the motor to get it running tip top.

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              • #8
                The Speed Queen is aluminum as pictured above.

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                • #9
                  There isn't much of a market for old boats, even for ones in very good shape, so you rarely (almost never) get the cost of materials back, let alone any man hours put into it. You can very quickly and easily exceed the market value of the boat, turning it into a loss, sometimes a big one.

                  If you want to make a profit, or get your money back, clean it and try selling it for $300.00

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                  • #10
                    But wood just makes it!


                    1990 SeaRay 280 Sundancer w/twin 5.0 Mercruisers
                    1988 SeaRay 230 Weekender w/ 5.7 Mercruiser
                    1969 Starcraft Suncruiser 20V (project in works)
                    1992 Winner 180 w/ 5.7 Mercruiser (like new w/cracked block)
                    1989 SeaRay 290 Amber Jack w/ twin 5.7 Mercruisers (parts boat)
                    1981 Thompson Sportsman 20' hardtop w/165hp Mercruiser (sold)
                    1978 SeaRay 190 SRV w/ 160hp Mercruiser (sold)
                    1975 Silverline 18' w/ 115hp Mercury O/B (sold)
                    1960 Thompson 18' woody w/ 90hp Evinrude (dads boat, sold)

                    Comment


                    • #11
                      so you want to make a small fortune flipping boats.......start with a large one....
                      1988 Cruisers Rogue 2420 -VP 290 DP now powered by custom 468 - http://forums.iboats.com/forum/owner...988-rogue-2420

                      Past Boats
                      1970 Wooster Hellion - Merc 9.8
                      2002 SeaRay 190BR - 5.0 - A1G2 - "Cheasheads in Paradise"
                      1984 Avanti 170DLI -3.0 stringer- "Ship Happens"

                      What’s behind you doesn’t matter.Enzo Ferrari

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                      • #12
                        Really not the intention to "make" money I know on any project you are donating your time.

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                        • #13
                          Yeah, boats are NOT like cars!!! They usually won't increase in value even with a full CORRECT restoration. There ARE a few exceptions but your boat is not one of them. If you don't want to keep it then I'd agree with ondarvr and say just do the bare minimum to make here usable and try and sell her for a few extra bucks.
                          1961 Lonestar Flamingo - SPLASHED...Kinda!!
                          Fabricating Decks, Stringers, and Transoms
                          Paint Your Boat with Tractor Paint...Say What!!!

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                          • #14
                            If you have mess with the oak gunnels, (usually the exterior is in the worst condition), you will really be committed to a huge amount of labor in the teardown, and then the expense of the wood itself and then more labor to get her all back together.
                            ​There have been Speed Queen projects on this forum where they have torn her down and simply swapped the inside pieces that were still in great appearance with the outside strips if they are solid but just weathered. Check out the finished projects section of the StarCraft section of this forum. Helped me a LOT.
                            ​I agree with all comments that no one will pay much for a boat in ill repair and that is what you should concentrate on and then let the new owner do the fun easy stuff to personal it. (like paint). Worst is when a project is abandoned and a potential beauty is turned into the scrapper. Just my opinion. Have your mind made up that it is just for fun or move it as is. Good luck with whatever you decide.
                            Dale
                            http://
                            http://
                            1959 16' Super Constellation Winner 2016 Starmada SOTY Award
                            http://forums.iboats.com/forum/owner...turing-company
                            http://

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                            • #15
                              Sign up today
                              This is still one of my FAVORITE TIN CANS!!!!

                              Click image for larger version

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                              1961 Lonestar Flamingo - SPLASHED...Kinda!!
                              Fabricating Decks, Stringers, and Transoms
                              Paint Your Boat with Tractor Paint...Say What!!!

                              Comment

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