Baltimore Marine Survey – What You Should Know About a Boat Survey

Are you wondering who typically pays for a boat survey? The answer is the person that needs the services of a marine surveyor. This means the surveyor can be hired by a boat owner that wants more details about the condition of their boat or a buyer who wants in-depth knowledge of the boat they want to buy. There are also situations where a survey is mandated. This is more so when trying to use the boat as collateral or when applying for boat insurance. In this post, we will be taking a look at the crucial points you need to understand about boat surveys.

What impacts the cost of a marine survey?

As you get ready for a Baltimore marine survey, it is important that you understand the various factors that impact the cost of a boat survey. They include the following:

  • Size of the vessel
  • Hull construction. Is it solid fiberglass or cored?
  • Age of the vessel. Boats that were built pre-1970s will cost more to survey.
  • Hull material. The common materials are steel, fiberglass, wood, aluminum, and ferro-cement. Each material requires a different approach during a boat inspection.
  • What is included in the survey? A haul-out and a sea trial will cause the cost of a survey to go up.
  • The surveyor you hire. Marine surveyors do not charge the same rates for their services. Some charge more mainly because of affiliation or experience.
  • Location of the boat. A surveyor will charge you for their transport costs if the boat is too far from the areas they serve.

Boat surveys give you peace of mind

Just as when buying a home, car, or any other long-term investment, you want to be aware of what you are getting. Some of the questions you want to be answered before choosing a boat are:

  • Is it reasonably priced?
  • How much should you set aside for improvements and changes?
  • The most crucial question is: Is it safe?

For the first time, the value of used boats is rising. It’s crucial to make sure the boat you buy is worth what you are paying for. Any potential issues will be revealed by a marine survey or valuation. You can use the revealed information to negotiate the price, start work to address them or withdraw your interest. You can buy the boat with confidence if the inspection reveals that it is in good shape. Additionally, with a survey report, you will have a list of adjustments you can make at your convenience to raise the quality and value of your vessel.

While the answer on who typically pays for a boat survey might surprise you, it is good to note that the input of a surveyor can save you a lot of money. Always work with an independent surveyor that has a great track record.

Who Typically Pays for a Boat Survey