For both brand-new and pre-owned vessels, getting a marine survey is a great idea. This is because a marine survey helps reveal any issues that a boat may have. Getting a marine survey is also the best way to understand the fair market value of a boat before buying. But how much does it cost to put a boat in survey?
There are many factors that determine how much you pay for Fort Myers marine survey. We will cover them below. On average, you can expect to pay between $500 and $1,000 for the survey of a recreational vessel. While marine surveyors charge different rates for their services, the cost of a boat survey will always be a very tiny percentage of the total buying price of a boat. It is worth getting it before committing to buy a boat.
Factors that determine the cost of a boat survey
Just many other things that are related to boating, the length of a boat plays a major role in determining the average cost of a marine survey. The bigger a boat is, the more time it will take to assess it and the more money a surveyor will charge. The size of a boat has a significant role in the cost of the marine survey because most surveyors will charge per foot.
How sophisticated your target boat is will also have a part to play in the cost of a boat survey. If your boat has more onboard systems, the surveyor will have to assess all of them. A good surveyor will test the functionality of the onboard systems and take note of any issues that the systems have. Needless to say, the more systems there are and the more sophisticated they are, the more time a surveyor will spend assessing them. As a result, the onboard systems will have an impact on the average cost of boat survey.
Another factor both sellers and buyers fail to account for when budgeting for a marine survey is the haul out. A haul-out is where the boat is taken out of the water to help the surveyor assess the condition of the hull and other running gear. Haulouts are very expensive. When done at a boatyard, a haul-out will be charged per foot and the fees can range from $10 to $15 per foot.
Now that you have the answer to the question of how much does it cost to put a boat in survey, it is good to note that while a marine survey will cost money, it can save you a lot of money in the long run. Find a reputable surveyor in Fort Myers for this important service.
Fort Myers Marine Survey
If you have never bought a boat before, you will definitely have a lot of questions about the procedure. Do you need a deposit and for how much? Where can you find the right boat to buy? How do you inspect a boat? Who typically pays for a boat survey? In this post, our primary focus will be on who usually pays for a boat survey.
If you are targeting a used vessel, you will definitely require a Fort Myers marine survey. The reason for this is you need to understand the exact condition the boat you are after is in. You need to know if it requires major repairs if it is seaworthy, and how much you should pay for it. You can get these and more questions answered by working with a marine surveyor in Fort Myers. It is, however, good to note that the survey is not free. But who pays for a boat survey?
Who Pays for a Boat Survey?
The answer is the person who hires a surveyor. A marine surveyor can be hired not just as a prospective buyer but also as a boat owner. This is because marine surveys are not only beneficial to potential buyers but also to boat owners. A marine survey can be requested for any of the following reasons:
- To get an unbiased assessment of the boat
- For insurance valuation
- To determine the fair market value of the boat
- Determine the suitability of a boat for your desired activity
There are so many reasons why you may need to hire a marine surveyor. In most cases, the surveyor is hired by a boat buyer. The purpose is to get a pre-purchase survey. A pre-purchase survey involves the inspection of the entire boat from top to bottom. The surveyor may also use specialized equipment such as moisture meters to get a better understanding of malfunctioning components. If the surveyor suspects a serious problem, they will not take components apart. Instead, they will ask you to hire a mechanic or an electrician to take components apart and take a closer look. At the end of the survey, you will be provided with a survey report that includes all the findings of the surveyor, the fair market value of the boat as well as images of issues.
As you get ready for a survey, you may need to slip and clean the hull. Slipping is the process of removing a boat from the water for repairs or an inspection. It is often needed in a pre-purchase survey. If you request this inspection, you will pay to organize and pay for slipping. The case is the same for a sea trial.
Now that you understand who typically pays for a boat survey, it is good to note that the type of services you get will depend on the competence of the surveyor you hire. Always stick to boat surveyors in Fort Myers that have an impeccable track records.
Who Typically Pays for a Boat Survey