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Posted by on Apr 2, 2015 in Preparation Stage | 2 comments

The Cost of Upgrading a Classic Sailboat

Over the last year, we’ve been hard at work updating our 1976 Irwin 37. A lot of blood and sweat went into the process, as well as a substantial amount of money. We’ve cataloged all of our boat related expenses for the full process and were amazed at the amount spent on auxiliary items such as clothing, cooking accessories and new tools. I’ve broken the expenses down into groups and categories to be able to show all of you just what goes into updating an older boat. Just a note: when we purchased Horizon, she had recently had all of the rigging, sails, and most of the electronics upgraded. These are major ticket items that would significantly increase total cost if your boat had older systems.

Structural and Major Systems

Anything we felt necessary to upgrading the actual boat and systems.
CategoryTotal Cost
Subtotal$14326.56
Anchoring$867.98
Dinghy$1606.82
Electrical$656.93
Electronics$839.28
Engine$1782.70
Exterior$1678.57
Hardware$138.03
Interior$1196.16
Lighting$602.23
Plumbing$1622.49
Power System$3335.37

Supplies and Equipment

Any item that we purchased specifically because we needed it for boat living or boat work.
CategoryTotal Cost
Subtotal$6331.47
Cleaning Supplies$432.45
Clothing$537.45
Cooking$768.56
Fishing$245.64
Home$428.74
Medical$515.51
Outdoor$644.07
Resources$747.47
Safety$1057.05
Scuba$29.18
Tools$925.35

Services and Fees

Additional services and government fees
CategoryTotal Cost
Subtotal$12138.90
Fuel$299.50
Government Fees$649.14
Marina$9720.27
Memberships/Insurance$1469.99

Which brings our overall total to $32,796.93. No small thing considering we paid only slightly more for the actual vessel itself. We are fairly confident that the work and money we put in this year will pay big dividends in decreased costs for a couple of years as well as a big increase in overall safety for us and the boat. And with that, we’re off!

2 Comments

  1. Great video! When do you leave for the islands?

    • Tomorrow morning we are heading to Bimini! We are super excited! Hopefully we’ll cross paths in the next couple of months again.

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