Reply to thread

Message

<blockquote data-quote="LDUBS" data-source="post: 493362" data-attributes="member: 21536">I don&#039;t look at the boat as an investment that is going to give me any kind of financial return.&nbsp;&nbsp; Sure it is an asset and will have some market based residual value when I eventually sell it, but that isn&#039;t why I have it.&nbsp;&nbsp; Like MrGiggles says,&nbsp; accessories like electronics and TMs make the boat more attractive to potential buyers, but nowhere near their cost.&nbsp; How to know when I&#039;m putting too much money into the boat is a great question.&nbsp; KMixon&#039;s comments about value are important.&nbsp; Not monetary value.&nbsp;&nbsp; In this case value, IMO, is defined by enjoyment, appreciation and personal utility.&nbsp; &nbsp;&nbsp; When it comes to upgrades, how much someone likes their current boat has to be an important factor.&nbsp;&nbsp; Perhaps even more important is the objective. Will they be happy with upgrades or will they be putting a lot of money into a boat trying to make it into something it will never be. If the latter, that is when moving to a different boat should be considered. Of course on top of all of this is staying within one&#039;s budget.&nbsp; Something most of us have to deal with.</blockquote>

[QUOTE="LDUBS, post: 493362, member: 21536"] I don't look at the boat as an investment that is going to give me any kind of financial return. Sure it is an asset and will have some market based residual value when I eventually sell it, but that isn't why I have it. Like MrGiggles says, accessories like electronics and TMs make the boat more attractive to potential buyers, but nowhere near their cost. How to know when I'm putting too much money into the boat is a great question. KMixon's comments about value are important. Not monetary value. In this case value, IMO, is defined by enjoyment, appreciation and personal utility. When it comes to upgrades, how much someone likes their current boat has to be an important factor. Perhaps even more important is the objective. Will they be happy with upgrades or will they be putting a lot of money into a boat trying to make it into something it will never be. If the latter, that is when moving to a different boat should be considered. Of course on top of all of this is staying within one's budget. Something most of us have to deal with. [/QUOTE]

Verification

Reply to thread

Help Support TinBoats.net: