Thank you David T. I will mail local suppliers today and start getting prices for masts.
The rough estimate for main hull is $1600 for timber and ply. $500 resin $650 fiberglass cloth.
Build site is my sisters house. She has kindly agreed to let us rent a room in her house, and allowed us to use part of the yard for the build at no extra cost(no matter how long it takes). Down side is that her house is about 600km from the coast, so the boat needs to be transported to the sea once it is completed. That is why our boat is designed to be taken apart and not exceed max beam of the road 2.4m (abnormal loads can be done but extremely costly).
Karlis, Yes import tax is 45% here in South Africa for a boat (parts are cheaper but a whole working boat is 45%). And to register the boat (and radio equipment) here in South Africa, the boat must be in the country, proof of tax paid must be show. Then inspected and certified by only a local government approved surveyor (which we will have to do even after building the boat).
Having a boat register in foreign nation is not really a option. Heard of cruisers having trouble when you passport and boat registration don't match. So extra paper work needed and so on (and who needs more paper work when cruising). And once again South-African citizenship come in play, we are not part of EU or other unions. So we have limited options to register our boat foreign, can be done but it again adds costs (you need to register company or something like that in the nation you plan the register the boat, and so on)
As for mortgage rates in SA. Boats are considered leisure vehicles. So you only get 5 years to pay (like a car). Boat can not be older then 5 year old(if it is older than 5 year you a need to take personal loan) interest rate over 12% plus per year. And now you need to add insurance (anything from 2-5% of the boats price per month) plus the boat must be kept on a walk-on mooring(and South African moorings and hard are some of the most expensive in the world to rent), and the insurance company add silly rules to how and when you can use your own boat. (yes we have looked into it as a option to get our boat)
Now onto David W.
Please this is not aimed at you personally, but rather the explanation on why, for us, buying a boat overseas is to costly. We will be using your $500 boat to explain.
So start of with the cheap boat at the bargain price of only $500. Now we see the boat online, like its so next without seeing the boat need to put in a offer and pay deposit (all this most likely thru a broker) Next pay of survey, we would do this even for a boat in south africa, but this adds about $200+ to the boat. Now the boat cost $700. Cool we are happy with the survey so we buy the boat. Boat is on a mooring or on the hard so those fees now transfers to us. See online its about $50 a month in NZ (wow that's cheap). So lets say one year to refit the boat (will be longer for us but will explain next why) So $50x 12 = $600. Boat now cost us $1,300. Now we need visa, New Zealand revoked our free travel in 2016 so $100 (last i checked) and limits us to a 90 days per 180. Thus if the boat takes one year to refit is will take us 4 visits (two years) to NZ to complete the boat so Visa $400 + again $600 for mooring the extra year. Cost of boat now $2,300. Next plane tickets at $1,500 per trip for the two of us. $6,000 for all 4 trips. Boat now cost $8,300. Now is the boat livable when we first arrive, most likely not, so $50 a day for accommodation the first month of refit. Boat now $8,900. The cost of refit it self...unknown but add whatever figure comes to mind yourself add it. Cool 2 years and a few thousands dollars later and we have a boat ready to go. Now just get the boat back to South Africa to register. But as soon as the boat arrives in South Africa you need to pay your 45% import tax. And most likely they would want to see all bills of refit and tax you on the upgrades too. So lets say after refit boat value is about $2,000....so that adds $900 import tax to the boat as well. So a $500 boat turns into a $9,200 plus boat (and that is not including the refit costs)
Cheap overseas isn't cheap for us.
Again a long post, we apologize.
Thanks for bearing with us, we are just pair of cheap bums chasing after a dream that seems out of our reach, or is that budget.
Martin & Sandy
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