Whether you are in the market to buy a boat or sell some type of craft that’s used in the water, it’s important to have the craft appraised. Doing so provides a full picture of the craft’s current state and its market value. While there are any aspects that go into conducting a watercraft appraisal, you can bet that the following will always come under consideration.
The Make and Model of the Craft
Some types of boats are more popular. The same is true for certain brands that can be found just about everywhere. As part of the appraisal, the professional will take into account the reputation and the current demand for the make and model of the boat you are having appraised.
The point here is to consider what’s known about the make and model and general. If it’s one that has a reputation for durability, providing excellent performance for years, and is generally considered a favorite by many enthusiasts and owners, that is likely to have a positive impact on the value. When the make and model is less popular and is not particularly known for possessing those traits, that will also be taken into account.
The Hull’s Condition
One of the most important aspects of any type of watercraft is the hull. To that end, the appraiser will look closely at its condition. Ideally, it will be solid and show no signs of any poor repairs. That would indicate the craft is ready for use now and will not need a lot of work before you begin to enjoy it.
While some signs of repairs are not alarming, the presence of multiple patches that may or may not seem to be holding is a cause for concern. When the latter is present, the appraiser will make note of those patches in the details that are included with the final appraisal.
All Mechanical Features
Outside of craft like canoes, many boats have at least some sort of mechanical equipment on board. It may be a full engine and transmission system, or it could be something as simple as an outboard motor. Whatever the case, the watercraft appraisal will address the apparent condition and the performance of those mechanical features.
If everything is in proper working order and is performing as it should, that’s a good thing for you. Should the appraiser find that the performance or condition is not up to par, that will be noted. You may want to see what sort of repairs would be needed before you do anything with the boat.
The Presence of Safety Measures
Safety while on any body of water is crucial. It’s not just about having life rafts or even life jackets on board. There’s also the matter of having the craft outfitted with non-skid surfaces that make it easier to remain upright and avoid potentially harmful falls.
An appraiser will know what to look for, based on the type of craft involved. If it comes with all of the essential safety measures and features included, that will help yield more value. If not, you may want to find out what it would take to add some of the missing features.
Remember that the goal of a boat appraisal involves more than finding out what it’s worth in the marketplace. You also want to learn all that you can about the condition. Doing so will make it easier to decide what should happen next. Read more now.