Recommendations:
Many times when I perform surveys for clients, I offer them recommendations, as will most surveyors.
What are recommendations and why do I offer them?
Generally, these items can be normal upkeep items that should be addressed as you can or address with the person who are considering purchasing from.
Examples include:
- Water leaks through ports or hatches
- Anodes in need of replacement
- Loose or worn engine belts, hoses, and engine mounts
- Cosmetic issues
- Winches in need of service
Keep in mind that while surveyors inspect a boat with an eye toward industry safety standards, such as those written by the American Boat and Yacht Council (ABYC), we recognize that newer standards were not in place when older boats were built. But some of those standards, like the need for carbon monoxide alarms or proper wiring, are critical enough that insurance underwriters may still require boats to comply with them.
All of the recommendations can usually be used as negotiation points for buyers. Any purchase contract should specify that a sale may be voided if the survey results are unacceptable to the buyer. In some cases, a seller may opt to address the required repairs before a sale, but make sure the boat is reinspected before the sale is finalized.
Usually surveyors will reinspect specific items for a fee, after the sale is made, and sign off that they appear to have been properly done. If, after the sale, the buyer choses to make the repairs, insurance coverage can begin immediately, while the repairs are in progress. But, either way, the insurance company will usually require a written statement from the owner, or yard bills, to confirm the recommendations have been completed correctly.