1974 Grady White Value

bigheaded5

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Apr 22, 2012
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I have a VALUE question. I stumbled upon a 1974 19' Grady White O/B with a 1980 115hp Evenrude and galv trailer. I paid $100 for it all. The motor has even compression in all cylinders but I havent run it yet. The trailer is good all around with some surface rust.

The boat on the other hand needs a FLOOR (stringers are solid) needs a transom (totally rotted wood) and a full face lift inside and out. This isnt my first restore so im confidant I have the skill to complete it and I know the cost of a restore to the level I would do..... I just am not sure of the Long Island VALUE the package would have when complete.

I originally picked the boat up for the motor and trailer, then saw that it was a Grady White..... so here I am.... Whats this boat worth fixed up to very good condition? NADA.com has it at $2300-$2500. I dont see the restore costing me more than $800 - $1,000.P1060927.jpgP1060929.jpgP1060930.jpg

Ed
 

jbcurt00

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Re: 1974 Grady White Value

The boat on the other hand needs a FLOOR (stringers are solid) needs a transom (totally rotted wood) and a full face lift inside and out. This isnt my first restore so im confidant I have the skill to complete it and I know the cost of a restore to the level I would do.....
I just am not sure of the Long Island VALUE the package would have when complete.

1: How do you know the stringers are solid? Since you've done this before, I'm sure you know that it very rarely happens that a deck (floor) & transom are shot, and the stringers don't need work too.

2: How much of the interior is salvageable? Based on your pix, it looks like there's 1 back to back lounger w/ vinyl that may or may not clean up & be on a solid base. You have spare vinyl & interior parts & pieces already that don't figure into your costs?

3: Just based on the pix, unless you have a fantastic hookup in NY, you'll need at least 30% of your budget of $900 in resin & glass. Probably more depending on how you plan to finish the deck's topside. Add a $100 in plywood, $100 in general OB maintenance and we're 1/2 thru your budget w/ no paint/gelcoat/durabak, no vinyl, no carpet, no electrical, no batteries, no fuel tank(s) [none shown in the photos]. And nothing yet done on the trailer: prep & paint, lights working?

4: Not knowing what level your restore level is, nor the market in Long Island for a boat restored to YOUR LEVEL, if you don't know what it's VALUE is, based on what you know about your skill level & the level of restoration you'll give this nearly 40yr old boat, how on earth can anyone else give you a VALUE.

If the motor fires & runs, the trailer has good tires, wheel bearings & lights, it'd be WORTH about $400 to me... But I don't want a 1974 Grady White no matter the level of restoration. NADA value of $2300 sounds high to me, but again: I'm not in the market for one. And it's all just IMHO anyway......
 

jigngrub

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Re: 1974 Grady White Value

It's worth the restoration just for the name... and the name will help the resale value too.
 

bigheaded5

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Apr 22, 2012
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Re: 1974 Grady White Value

Im right there with you with the cost break down accept for the $900 in glad and resin..... Not sure where that came from. I see 4 sheets of 3/4 ply (4x$30), 5 gallons of resin (5x$34) and 10-15 (15x$8) yards or chop strand mat. A set of clean used back to back seats $100 and wiring is under $40 for everything plus I have almost everything else I need already. I'm not figuring in my own labor in the $$...thats the pay off at the end. Im NOT planning on it being SHOW ROOM but like my other boats before it, VERY CLEAN and in perfect running order. Its the early stages...until I get a PURR from the motor, I'm not touching the hull. Originally I was going to SCRAP the hull and sell the trailer and motor after getting them tip top but after learning it was a Grady White, I looked it up on NADA. \\ I also agree that a 40 year old boat isn't worth much, but I'm ASKING here...does the name Grady White change the game?




1: How do you know the stringers are solid? Since you've done this before, I'm sure you know that it very rarely happens that a deck (floor) & transom are shot, and the stringers don't need work too.

2: How much of the interior is salvageable? Based on your pix, it looks like there's 1 back to back lounger w/ vinyl that may or may not clean up & be on a solid base. You have spare vinyl & interior parts & pieces already that don't figure into your costs?

3: Just based on the pix, unless you have a fantastic hookup in NY, you'll need at least 30% of your budget of $900 in resin & glass. Probably more depending on how you plan to finish the deck's topside. Add a $100 in plywood, $100 in general OB maintenance and we're 1/2 thru your budget w/ no paint/gelcoat/durabak, no vinyl, no carpet, no electrical, no batteries, no fuel tank(s) [none shown in the photos]. And nothing yet done on the trailer: prep & paint, lights working?

4: Not knowing what level your restore level is, nor the market in Long Island for a boat restored to YOUR LEVEL, if you don't know what it's VALUE is, based on what you know about your skill level & the level of restoration you'll give this nearly 40yr old boat, how on earth can anyone else give you a VALUE.

If the motor fires & runs, the trailer has good tires, wheel bearings & lights, it'd be WORTH about $400 to me... But I don't want a 1974 Grady White no matter the level of restoration. NADA value of $2300 sounds high to me, but again: I'm not in the market for one. And it's all just IMHO anyway......
 

bigheaded5

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Re: 1974 Grady White Value

Oh..... Stringers. The previous owner was kind enough to rip the floor up! :D I was able to drill a few test holes.....wood came out dry and OK front to back. I have to dig into it further, but the base seems to be there for a restore.
 

jbcurt00

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Re: 1974 Grady White Value

Im right there with you with the cost break down accept for the $900 in glad and resin..... Not sure where that came from. I see 4 sheets of 3/4 ply (4x$30), 5 gallons of resin (5x$34) and 10-15 (15x$8) yards or chop strand mat.

I suggested resin & glass would at cost at least 30% of your $900 budget (avg of the $800-1000 you estimated) or $300, if not more. 5 Gals of resin seems low, even w/out using any 1708 on the transom & deck, which many will agree should be used, and wetting out the plywood prior to wetting out for the CSM (to increase the bonding between the plywood/resin/glass laminations), it doesn't sound like enough resin. But as you've done it before, the way you've done it before, you would certainly know better then I what your costs will be.

If you think there's a profit margin, and want to take on a flip resto, great go for it :cool: I'll tag along. I hope it goes as planned & ends up where you expect it to. Add 5cents to my opinion & ya still only got 5cents...;)

Jig thinks GW's are worth the effort & that the name adds to it's resale value.....
 

Teamster

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Re: 1974 Grady White Value

I don't think too many people really make money trying to restore boats,...

If your in the market for a solid fishing platform a Grady is worth doing for yourself,...
 

jigngrub

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Re: 1974 Grady White Value

Jig thinks GW's are worth the effort & that the name adds to it's resale value.....

I figured something like that was going to come along when I saw you posted at the same time as me.:p

The GW name does carry some weight in some circles.

... but a lot of the resale value will depend on the quality of workmanship that goes into the resto.

The $30 a sheet ply (CDX?) and no 1708 cloth doesn't suggest a quality restoration to me, and I wouldn't try to sell something like that... but that's probably just me.

GWs are a quality vessel and I wouldn't bother to restore one if I couldn't put it back together as good or better than it came from the factory. Candy coating a turd with the Grady White name just doesn't seem right to me.
 

bigheaded5

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Apr 22, 2012
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Re: 1974 Grady White Value

LOL I hear you.... there are definitely LEVELS of restore. I doubt someone like you would be interested in a 1974 GW lol It would probably appeal to someone on a budget who wants a quality hull. the floor is a floor, doesnt change much to the quality of the "boat" to use $30 ply rather than $100 marine. I coat ALL sides in resin THEN lay mat...the cloth makes a nice smooth surface and i MAY go that rout. Im still on the fence about scarping the hull at this point.
 

Woodonglass

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Re: 1974 Grady White Value

Did you core sample the Transom? If you do the deck in resin and CSM My rough calculations is you will need 30 yds of CSM, to do one layer on the bottom and 2 on the top. A gallon of Resin will wet out about 4 yds of CSM. Based on that, you will need a minimum of 7 gals of resin. The glass and resin at a minimum will be approx. $400 bucks. GW boats are well built but...It's 39 years old and regardless of NADA I seriously doubt you could get that much for her unless she looks new. IMHO there is no way you can get her to that NEW look for $600 more than the cost of the resin. Time is money too, and you will have a mnimum of 40 hours of work on her. Unless you want to work for minimum wage I think you will have a lot more time and money in her than you realize. Making money off a 39 yr old boat, is, at best, a toss up. That's what a Dumb Old Okie thinks!!!!:D
 

bigheaded5

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Re: 1974 Grady White Value

I Hear you about no profit.... My last boat I put in a total of $800 and sold it for $1800 was a labor of love, a project i did with my kids and used the boat all summer... so the extra $1000 was just icing on the already eaten cake.

I have a good friend who does fiberglass for a living.... He told me to JUST resin the bottom and sides of the ply.... glass the top with chop strand, 2 layers if I wanted to get crazy but said 3/4 would be far more than I would need for strength and to double the layers on any seams. Thats how I went and the floor came out great and very strong. Floors dont last forever, I dont see the reasoning to do 3-5 layers on 3/4 and definitely dont see the reason to put cloth on the underside of the wood. Enlighten me?
 

jbcurt00

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Re: 1974 Grady White Value

I suggested resin & glass would at cost at least 30% of your $900 budget (avg of the $800-1000 you estimated) or $300, if not more. 5 Gals of resin seems low, even w/out using any 1708 on the transom & deck, which many will agree should be used, and wetting out the plywood prior to wetting out for the CSM (to increase the bonding between the plywood/resin/glass laminations), it doesn't sound like enough resin. But as you've done it before, the way you've done it before, you would certainly know better then I what your costs will be

The GW name does carry some weight in some circles.... but a lot of the resale value will depend on the quality of workmanship that goes into the resto. The $30 a sheet ply (CDX?) and no 1708 cloth doesn't suggest a quality restoration to me, and I wouldn't try to sell something like that... but that's probably just me. GWs are a quality vessel and I wouldn't bother to restore one if I couldn't put it back together as good or better than it came from the factory. Candy coating a turd with the Grady White name just doesn't seem right to me.

Did you core sample the Transom? If you do the deck in resin and CSM My rough calculations is you will need 30 yds of CSM, to do one layer on the bottom and 2 on the top. A gallon of Resin will wet out about 4 yds of CSM. Based on that, you will need a minimum of 7 gals of resin. The glass and resin at a minimum will be approx. $400 bucks. GW boats are well built but...It's 39 years old and regardless of NADA I seriously doubt you could get that much for her unless she looks new. IMHO there is no way you can get her to that NEW look for $600 more than the cost of the resin. Time is money too, and you will have a mnimum of 40 hours of work on her. Unless you want to work for minimum wage I think you will have a lot more time and money in her than you realize. Making money off a 39 yr old boat, is, at best, a toss up. That's what a Dumb Old Okie thinks!!!!:D

I Hear you about no profit.... My last boat I put in a total of $800 and sold it for $1800 was a labor of love, a project i did with my kids and used the boat all summer... so the extra $1000 was just icing on the already eaten cake.

I have a good friend who does fiberglass for a living.... He told me to JUST resin the bottom and sides of the ply.... glass the top with chop strand, 2 layers if I wanted to get crazy but said 3/4 would be far more than I would need for strength and to double the layers on any seams. Thats how I went and the floor came out great and very strong. Floors dont last forever, I dont see the reasoning to do 3-5 layers on 3/4 and definitely dont see the reason to put cloth on the underside of the wood. Enlighten me?

Look thru the resto threads. More of them are done like we've suggested. Yes, some are not.

Resin w/out glass, in the case of the downside of the deck & edges, CSM (mat) not cloth, isn't worth much in terms of 'value' VS cost as it is brittle & fractures easily w/out the glass. Again 1 layer of CSM on the downside and all plywood edges, not fiberglass cloth.

As a structural element of the hull's integrity, the hull to deck joint probably should be important enough to be well tabbed into place & well fiberglassed w/ CSM & 1708.

The surface of the deck and it's seams would probably have improved resistance to moisture w/ more then 1 layer of CSM, and tie the hull sides together better and be more structurally sound w/ a layer of 1708 overlaying it all & tying the 2 tabbed areas together.

The same holds true for the transom plywood assembly & it's attachment to the deck, hull bottom & sides.

No decks don't last forever

No you aren't building the last boat you or the guy (girl, family, whatever..) you sell it to will ever own

No you aren't building a piano or a Stradivarius

No you aren't building a $2M offshore race boat (is $2M low? anyway....)

But many find that boat builders from the 50's thru current makers, could have done better with the attention to workmanship & completeness of the fiberglass & resin application on the stringers, deck & transom. The manner you've suggested sounds negligibly better then nothing below decks (how it was done originally) and less substantial then original above deck. As a carpenter, framer, builder etc, it starts at the base & you build up & out. Each layer needs to perform it's function, support the next layer & perform as a system. 1 part is as important as the next. The final layer of resin & glass is where the water meets the deck, and is no less important then any part below deck. And a single layer of CSM on the deck sounds insufficient for structure or water resistance.

In your budget estimates there isn't enogh resin allowance for making the PB putty to attach the deck to the stringers, the transom to the hull, the deck to the hull along the sides, nor to create fillets for the glass to transition from hull/deck to transom.

Since you're on a budget build, I doubt that Durabak, Nautalex or gelcoat is the final finish on the deck. Likely it will be carpet. Which will likely hold moisture against the deck...

Yes, you'd be selling a $1800-2500 budget 'friendly' boat, plus buyer beware and all that. I can't help but wonder where this hull will end up in a couple years, owned by someone who has no idea how it was assembled, and what condition it is in currently. Boats are not like cars, and everyone will agree, cars are sometimes fixed less then substantially and sold. I am not suggesting that you are diliberately making a less then safe boat. I am suggesting that there may be a better way to complete the work you've proposed, and that if intended as a for sale at a profit, that the result may not meet your expectations. You did it last year, so I suspect you will be able to do the same or similar w/ this GW.

I agree w/ Jig, not something I'd be interested in doing & selling. But again, that's 100% just IMHO.

As it is currently your boat, you certainly proceed as you see fit: cut it up, resto it & sell it, re-enact a Viking funeral pyre, etc

BTW: I'm not actually suggesting for you to set a boat adrift & on fire anywhere, in any waterway...

Again, if you want to resto it and ask for options & input, I'll tag along....
 

Woodonglass

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Re: 1974 Grady White Value

My boat is 51 years Old and the Original Deck is solid. If you build it right and maintain it correctly, It will last 40+ years. Your friend has mislead you about using only resin. When the deck flexes, and it will, resin without CSM WILL crack and allow water penetration. Condensation under the deck does occur. Your boat, your decision...Just want you to be informed.
 

bigheaded5

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Apr 22, 2012
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Re: 1974 Grady White Value

Thank you all for your opinions. I decided that the work and $$ to restore it outweighed scraping the boat and selling the motor and trailer separately. Going for the quick $900 cash sale

As for some of the suggestions....I humble disagree with some of them but do appreciate the input. I am in no way an expert but have done my homework and have a close friend who does glass for a living and have followed his advice. I would never sell a boat that wasn't sea worthy. i don't make a living at this, its a family project thing at best, and i ALWAYS do my best in anything I do.

The boats I have taken on so far were severely neglected before I got them....one so badly, the floor in one boat under the glass cloth crumbled like salteen crackers when I was removing it. If i attempted anything that wasn't sound when i was done, it would either be redone or scrapped all together.

I think a lot of the advice given here is overkill....which isnt a BAD thing, but its more than is necessary for the projects I have taken on. We are talking 17' BAY run abouts, not ocean conquering monsters. The boats I have sold.....are trailerd boats, sold as such with no bottom paint and covers. there is no reason the floor I put in them wont last 10 years UNLESS the new owner decided to neglect and abuse the boat....and would be the case with any boat no matter HOW they did the floor or any thing else I have done on these boats so far. I am an electrician by trade, and when I see someone do electric any other way I DO IT I get the same way some of you here get with boat repairs.....but there is BAD there is GOOD and then there is GREAT...I try and land above good and as close to great as I can afford and achieve :)

Thanks again for all your input.... Bidding farewell to the 1974 Grady White.......
 
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