Making plans for a boat survey is essential whether you are a boat owner or a buyer. You can only learn about all the problems your vessel has and determine its fair market worth through a Palm Beach marine survey. For boat buyers, marine inspections are especially important since they help expose information that will save you from making poor investments. But how much can you expect to pay for a marine survey?
There is no clear answer to the question of how much does it cost to put a boat in survey. This is true because a lot of different things affect the price. These variables include your boat’s size and condition as well as the type of marine survey you require. You should expect to pay between $25 and $40 per foot on average. The price varies mostly based on the age of the boat, how many engines it has, and the extent of an inspection.
Type of Boat Survey
As you might have suspected, the price of a boat survey depends on the kind of inspection that is being conducted. For instance, you might pay between $14 and $18 per foot for an insurance survey. On the other hand, a pre-purchase survey could run you anywhere between $25 and $40 per foot. Pre-purchase surveys are more extensive than insurance surveys, which accounts for the price difference. The more time a surveyor spends on the boat and the more thorough a survey is, the more the survey will cost.
If you’ve ever worked with a surveyor or done your study, you know that their main role is simply to observe and compile a report. Surveyors are not mechanics. They will not take components apart to look inside. The surveyor will ask you to bring in a mechanic if the problem necessitates disassembling a component. Hiring a mechanic for an engine inspection will cost you between $100 and $180 per hour. You must consider this expense because the surveyor won’t put together a complete report until the mechanic completes the required assessment.
Still on the subject of added services, you need to account for the cost of a haul out. This is if you own a large boat and it needs to be taken out of the water for a thorough inspection. The cost of a haul-out will have a considerable effect on the final cost of a marine survey. In a boatyard, a haul-out is charged between $10 and $15 per foot.
Hopefully, this post has adequately addressed the query of how much does it cost to put a boat in survey. The rule of thumb is to locate a reliable surveyor. The surveyor you choose should be experienced, skilled and equipped to work on your boat and offer the type of service you need.