A pre-purchase survey is a comprehensive yacht inspection conducted before a buyer finalizes the purchase. It’s similar to a home inspection but for boats. The survey evaluates the vessel's structural integrity, safety, and overall condition, helping the buyer make an informed decision. It is designed to assess the vessel’s condition, safety, and value, assisting buyers to make an informed decision.
Key Purposes of a Marine Pre-Purchase Survey
1. Assess Structural and Mechanical Condition
Hull integrity, deck, and superstructure
Engine and propulsion system performance
Electrical, plumbing, and fuel systems
Rigging (for sailing yachts)
Compliance with safety regulations (e.g., USCG, ABYC, CFR)
Fire suppression, bilge pumps, and emergency equipment
Steering and control systems
4. Insurance and Financing Requirements
Many insurers and lenders require a survey before providing coverage or loans
5. Avoid Costly Mistakes
Uncovers hidden defects that could lead to expensive repairs
Prevents buyers from investing in a vessel with major issues
Pricing
A comprehensive marine survey is priced by the foot, as follows.
up to 23’ $25/per foot
24’ to 32’ $27/per foot
3. Evaluate Market Value & Negotiation Leverage
Helps determine if the asking price reflects the yacht’s true condition
May highlight necessary repairs that could be used in price negotiations
2. Identify Potential Safety Hazards