For folks new to owning a boat, after reading how to refit using this or that handy guide there is a big temptation to buy a hunk of a project boat and then spend lots of time and $$$ beyond if they had spent an extra 20/30 grand to start with on a boat in decent condition. Tons of variables of course, and owning a boat is about the dream so however it is done if the dream works you are doing it right. In my highly biased opinion. Tom Evans SV Tappan Zee. San Diego