nybody who has ever fixed up a house before putting it on the market knows the smart money is spent renovating kitchens and bathrooms. Sure, you can dump a bunch of cash into wall-to-wall carpeting or a new surround-sound system, but those types of upgrades rarely bring the return on investment that a new kitchen or bathroom will. Similarly, when it comes to production powerboats up to about 60 feet length overall, experts say there are several types of refit projects that tend to pay off for anyone trying to spruce up a boat for sale. There are, of course, caveats, starting with the fact that every boat owner has a budget. “We’ve done refits ranging from $30,000 to $200,000 on boats between 30 and 40 feet,” says Matt Graham, chief operating officer at Lyman-Morse Boatbuilding in Maine. “It really depends on
SMART INVESTMENTS
Dec 13, 2022
5 minutes
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