The Pre-Purchase Survey Report
The Condition and Valuation survey report is the most comprehensive survey for recreational vessels. It will include detailed information about the vessel hull, electrical systems A/C and D/C as well as the consumers that are powered by the two systems. Inspections of the water and sewage systems are demonstrated and inspected for proper operation. The hull (fiberglass and/or wood) are tested for moisture content and also percussion tested with a phenolic hammer to find delamination or dry rotted core material that the moisture meter cannot pick up. The seacocks, valves below the waterline, are checked for ease of operation, easily accessible and that they are fit for their intended use. The steering systems/rudder(s) are checked for proper operation and that all the cables, chains, and actuators are in good operation, this includes the autopilot if fitted. Windows, doors, hatches and portlights are checked for proper operation and that the seals and dogs are fit for their intended use.
The mechanical items like engines, generators and the fuel tanks are inspected visually for any deficiencies and to make sure they function properly. The generator is load tested and the voltage and frequency are tested. The engine(s) are started, preferably cold, to make sure there is no excessive smoke and that they start up without excessive cranking. Engine oil and gearbox oil testing is typically done to check for foreign material like metals and chemicals that may indicate significant wear. If this vessel is a sailboat the running rigging/standing rigging is inspected at eye level and winches, tracks, cars, sails and all other sailing equipment is examined. It is always prudent to have an independent engine and rigging survey done. The ground tackle and all of its associated hardware are examined and demonstrated. Lastly is the limited trial run where the vessel is taken out for a performance run where the engines are put under load to make sure they operate satisfactorily, and if this is a sailing vessel sails are hoisted, given enough wind, to make sure all the equipment operates correctly.
The report consists of three types of findings: “A”, “B” and “C”. “A” findings are the most critical. Anything having to do with the vessel safety, something that may cause injury or death and when a CFR (Code of Federal Regulations) is not adhered to. “B” findings are the surveyors recommendations that should be completed to prevent a failure in the future. Finally “C” findings which are small things like curtains, furnishings, and small scratches as examples. Lastly there is the condition and valuation of the vessel. The surveyor will give it a “restorable condition”, “poor condition”, “average condition”, “above average condition” and “excellent condition” rating and then place a fair market value on it as well as a current replacement value. That is the basic outline of the Pre-Purchase Survey.