Christian A. Syoen SA, Marine Surveyor

CALL: 810.531.0992

Follow Us on FacebookFollow Us on Twitter
  • Home
  • Services
  • Gallery
  • Reviews
  • About
  • News & Resources
  • Contact

Buyer Beware: The Boat Has Recently Been Overhauled!

By Christian A. Syoen

Share
Tweet
Pin
0 Shares

Buyer Beware: The Boat Has Recently Been Overhauled!
If you’re looking at a particular vessel owned by someone claiming the boat has recently been overhauled in any sort of way, beware, and get a marine surveyor onboard right away.

The Biggest Problem With Overhaul Claims

One of the biggest issues with sellers claiming their boats have been overhauled is that nine times out of ten, hardly anything significant has been changed. In fact, you may even end up purchasing a boat from someone who made it seem as if the whole engine was just recently replaced, when in reality they splurged for the cheapest temporary solution to a major mechanical problem that wound up actually causing more damage than good. How can you prevent this from happening?

Stand Firm

Do not ever accept anyone’s word as truth, or sign any contracts, unless you are convinced the condition of the vessel has been proven. If someone tells you their ship’s engine or whatever else has just been repaired, replaced, or otherwise overhauled, contact a professional marine surveyor right away for a second opinion. Or, better yet, before you even do that, ask the seller directly for detailed copies of all invoices related to the repairs they’re talking about. If they are willing to give them up, you should be able to see exactly what was done to the vessel, by whom, and for how much. That way, the seller can’t get away with vague statements that lead you to believe anything other than the truth, and you can rest easy knowing that a reputable professional truly did perform the work being emphasized.

What To Look For On An Invoice

If you’re handed any handwritten invoice, or any document with a listed lump sum cost and really nothing else, be weary. What you actually want is an extensive, detailed list of every part and service offered with each individual price listed, from a reputable company you can actually look into. Only then will you be able to know for sure exactly what’s been done to the boat, which parts are new, and how much time and money was spent on the entire “overhaul” so you can determine if the actual asking price is fair compared to the quality of the work.  

How An Overhaul Affects The Sale Price

What you really want to look out for are sellers looking to bolster their sale price by falsely claiming major overhauls. For instance, even if someone were to sink $30,000 into repairing or refurbishing a vessel, that doesn’t mean they can tack on an additional $30,000 when they go to sell. Even the most well-handled repairs and overhauls performed by the best will only see a 10-15% value increase on average, some slightly higher, but it really all depends on the ship’s overall age, condition, and popularity.

The most important thing to remember is, when in doubt, contacting a marine surveyor, like me, Christian A. Syoen of CAS Marine Surveyor, will always put your mind at ease! To schedule a survey for your own vessel, or one you’re going to purchase, reach out to Christian A. Syoen of CAS Marine Surveyor today by calling 1.810.531.0992 or fill out the form in the sidebar to schedule your free consultation.

Related Posts:

  • Winterizing Your Boat: A Step-by-Step Guide
    Winterizing Your Boat: A Step-by-Step Guide
  • How Do I Prepare For a Boat Survey?
    How Do I Prepare For a Boat Survey?
  • Tips for First-Time Boat Buyers: Get a Boat Inspector
    Tips for First-Time Boat Buyers: Get a Boat Inspector
  • Used Boat Buying Tips
    Used Boat Buying Tips
Share
Tweet
Pin
0 Shares

Filed Under: General News

FREE Consultation!

  • This field is for validation purposes and should be left unchanged.

Recent News & Updates

  • What Do Boat Surveyors Look For?
  • Used Boat Buying Tips
  • What is the Difference Between a Survey and an Inspection?
  • How Do I Prepare For a Boat Survey?
  • How Long Does a Boat Survey Last?

Coverage Area

Servicing Macomb County, St. Clair County, Oakland County, Wayne County, the Great Lakes, and beyond!

Reviews

Search our Directory

Affiliations

  • sams-logo
  • abyc-logo
  • buc-logo
  • yachtworld-logo

Once you retain Christian A. Syoen, he works only for you and reports to no one else. Christian A. Syoen is there to protect your interest.

Being a member of the Society of Accredited Marine Surveyors (SAMS) ensures that my surveys will be accepted by any lending institution or insurance company.


This site is protected by reCAPTCHA and the Google. Privacy Policy and Terms of Service apply.


Servicing Macomb County, St. Clair County, Oakland County, Wayne County, the Great Lakes, and beyond!


Copyright © 2023 Christian A. Syoen, Marine Surveyor All rights reserved.

25500 Crocker Blvd. Harrison Twp. MI 48045

Designed & Powered by Ponder Consulting ®