Janello Posted August 2, 2017 Report Share Posted August 2, 2017 It's now a reality. I'm through attorney review and home inspection and I have a closing date of September 14th. This doesn't give me much time to make the dreaded decision. I can't bring them with me now, even if I wanted to. I'll be a renter for about 6 months while we wait for the new house to be built, and I can't afford the limited space in the new home for a shop. This brings me to two options Option 1 - Drop a connex storage trailer on my work property (boss man said okay) and store them for possibly a year until he moves the fabrication shop out of my building, at which point I can bring them in the building at work and use them again. The storage unit will not be temp controlled and I am a bit worried in a year from now, I will find rust all over the cast iron and just wish I sold the stuff. Option 2 - Sell it all. I'm really leaning toward this if I can find a buyer that wants most of it. I don't want to part things out piece by piece, since that would take a long time. On one hand, I can really use the money (buying boat) and on the other It would be nice if I can one day set everything back up. Meantime, I do have some really nice hard wood that will definitely be liquidated, and I want to offer it at a discount to anyone willing to show up in Bridgewater NJ with a trailer before September. Quote Link to comment Share on other sites More sharing options...
Popular Post Eric. Posted August 2, 2017 Popular Post Report Share Posted August 2, 2017 Don't be a dumbass. Keep your tools. You'll hate yourself eventually if you sell them...and you know this. 10 Quote Link to comment Share on other sites More sharing options...
Woodenskye Posted August 2, 2017 Report Share Posted August 2, 2017 I would go with option 1, then after awhile if you lose the desire then sell. Quote Link to comment Share on other sites More sharing options...
minorhero Posted August 2, 2017 Report Share Posted August 2, 2017 Used market is typically 50% of new(sometimes substantially less). So while the money may be nice right now, if you ever want to do this again, you will lose a lot of money selling your tools now. If you are done with woodworking that is a different animal all together. Additionally I think you will find that most people do not want to buy an entire shop of used tools. They probably don't have all the money that would cost. Most people in the used market are looking for specific tools, so you will almost certainly need to piece it out. Regarding the storage option. My shop was in a barn in Maryland for about 6 years. I was using it during the warmer months but I am familiar with non climate controlled storage. If you can get access to the machined surfaces while it's stored you don't have to do much more than reapply some paste was once every few months. If not I would put a thick coat of paste was on (I mean really rub in a THICK coat) then put some cling film on top and press that into the wax so it provides an air proof seal. That will hold you fine for at least a year so long as it's not repeatedly and directly exposed to rain water. 1 Quote Link to comment Share on other sites More sharing options...
Unknown craftsman Posted August 2, 2017 Report Share Posted August 2, 2017 I think it depends on what machines you have.And the real value to you and Cl. I was in your spot there would be 2 machines that I would not sell no mater what.My bandsaw and jointer because they work perfect. Good luck Quote Link to comment Share on other sites More sharing options...
bgreenb Posted August 2, 2017 Report Share Posted August 2, 2017 You shouldn't sell your tools. That being said..........what do you have? You're a reasonable driving distance from me... Seriously though, don't sell them. What kind of boat you buying? Quote Link to comment Share on other sites More sharing options...
collinb Posted August 2, 2017 Report Share Posted August 2, 2017 9 minutes ago, Aj3 said: I think it depends on what machines you have.And the real value to you and Cl. I was in your spot there would be 2 machines that I would not sell no mater what.My bandsaw and jointer because they work perfect. Good luck Maybe ... sell the things that you'd like to upgrade and store the rest? The rest ... wax it down good and invest in silica. Wait ... you're not building the boat? Quote Link to comment Share on other sites More sharing options...
Llama Posted August 2, 2017 Report Share Posted August 2, 2017 I was in a similar position. Well, without the ability to store my stuff... I wanted to upgrade my tools, so I decided to sell them. I was fortunate that a friend was over because he bought my pool table... he said, I should buy your entire shop. I laughed, and he started pulling out money. We agreed on a price that was fair for both of us, and I helped him load it the next day. I sold everything except my hand tools, drum sander and Festool. Quote Link to comment Share on other sites More sharing options...
Eric. Posted August 2, 2017 Report Share Posted August 2, 2017 I've been down this road before...thinking I was "done" with a hobby and selling everything and putting it in the history books...only to return to it later in life and kicking myself for letting go of what I had. Interests are cyclical. And I guarantee since you were clearly bitten hard by the woodworking bug, you'll eventually circle back to it sometime down the road. Once your new home is built and you have your boat, you're gonna find yourself in need of a project and itching to build again. How do you envision spending your golden years? I'll be building in my shop, gardening, canoeing and fishing, tending to my property. But mostly building. Your dream may be different...but I can't imagine why. 1 Quote Link to comment Share on other sites More sharing options...
Chris208 Posted August 2, 2017 Report Share Posted August 2, 2017 I'm going through this in the next few months. I'm gonna store everything until I'm in the new house. I love my tools, and it took me a lot of time and effort to get where I am. I expect I could buy them all again if I sold them, but I don't want to count on that and find out my money aint right. Keep your stuff. Chris Quote Link to comment Share on other sites More sharing options...
Janello Posted August 2, 2017 Author Report Share Posted August 2, 2017 Interesting comments so far and I appreciate the advise. I'm not usually so indecisive making decisions, but this one has been tough and I will let everything soak in. Brains been in over load with everything going on. I haven't been a renter in 30 years and it's scary being homeless LOL. The Boat... I am really looking forwad to owning. I've never had a boat in my life...not even a conoe. My first will be a brand new Cobia 26' Foot Center Console ! For those interested, pop on google earth and type in 8 bay breeze dr. Toms River NJ. The empty lot on the dead end will be my slice of heaven. The lagoon and beach to the NE is where my boat will be. 1 Quote Link to comment Share on other sites More sharing options...
Pwk5017 Posted August 2, 2017 Report Share Posted August 2, 2017 Im looking at a move in the next 12 months, and im in the "sell, then upgrade" camp. Give us a list of tools, and did you buy them new? Nearly everything i have is used, and i have no problem selling some/most of it to buy something else at the new place. Moving my shop is about the last thing i want to do. Even worse in your situation, you are moving to a temp storage area and then moving it again from there to your house. That sounds horrible. I will probably sell my 12" jointer, just because i dont want the hassle of moving that machine...ever. Doing it once was shitty enough. Definitely do not move lumber, that sounds senseless. Ive sold a few thousand bdft of lumber on CL, and it isnt hard to move it at a decent price. You dont need to price everything at a buck a board foot to sell it. Personally, i see myself keeping the unisaw i restored, keeping the PM209 hh i bought new(would suck to take a 25-40% depreciation hit on a 1-2 year old tool), keep the cyclone, and keep the laguna bandsaw. Every other stationary tool can hit the market. Tough one, but im interested in the discussion. It will eventually impact me, and it is worth taking the time to properly think it through. Quote Link to comment Share on other sites More sharing options...
Eric. Posted August 2, 2017 Report Share Posted August 2, 2017 8 minutes ago, Janello said: For those interested, pop on google earth and type in 8 bay breeze dr. Toms River NJ. The empty lot on the dead end will be my slice of heaven. Nice. You gonna be able to dock near the house? Quote Link to comment Share on other sites More sharing options...
Adam Campbell Posted August 2, 2017 Report Share Posted August 2, 2017 Can you put the tools into a storage facility that is temperature controlled? If you are really only talking a year than you should keep them, but if it could end up leading to more than that, I would sell some if not all. The storage fees would eat up a lot of the value of the tools. Quote Link to comment Share on other sites More sharing options...
Janello Posted August 2, 2017 Author Report Share Posted August 2, 2017 1 minute ago, Eric. said: Nice. You gonna be able to dock near the house? Yes...read my edit Quote Link to comment Share on other sites More sharing options...
bgreenb Posted August 2, 2017 Report Share Posted August 2, 2017 12 minutes ago, Janello said: Interesting comments so far and I appreciate the advise. I'm not usually so indecisive making decisions, but this one has been tough and I will let everything soak in. Brains been in over load with everything going on. I haven't been a renter in 30 years and it's scary being homeless LOL. The Boat... I am really looking forwad to owning. I've never had a boat in my life...not even a conoe. My first will be a brand new Cobia 26' Foot Center Console ! For those interested, pop on google earth and type in 8 bay breeze dr. Toms River NJ. The empty lot on the dead end will be my slice of heaven. The lagoon and beach to the NE is where my boat will be. Awesome. Cobia 26 is a beautiful boat and perfect size. I'm envious of your new setup, even if there's no room for tools Buy this, if you don't have it already: https://www.amazon.com/Chapman-Piloting-Seamanship-67th/dp/1588169618/ref=sr_1_1?ie=UTF8&qid=1501685653&sr=8-1&keywords=chapman+piloting+and+seamanship The bible of boating. Every boater has (or should have) it. I refer to my copy constantly. It will help you avoid a lot of embarrassing rookie mistakes. Pop it in your bathroom - it's great throne reading. Quote Link to comment Share on other sites More sharing options...
Janello Posted August 2, 2017 Author Report Share Posted August 2, 2017 Awesome Brian. I will definately buy that Today! Thanks for the link ! Quote Link to comment Share on other sites More sharing options...
Just Bob Posted August 2, 2017 Report Share Posted August 2, 2017 4 years ago I moved to my retirement property. I bought a 8'x20' shipping container to store my wood and tools. With a little organization I was able to fit everything. At the time I had a choice of renting the container or buying. Rent was $80.00/month, buying was $2000.00. I stored for 2yrs, and once my shop was built sold the container for $1500.00. I did not prep the tools in anyway, and they came out with no rust or being any the worse from storage. The container had side vents so the air circulated just fine. That said, I spent my wayward youth on boats in Alaska, and I would be really tempted..... Quote Link to comment Share on other sites More sharing options...
minorhero Posted August 2, 2017 Report Share Posted August 2, 2017 This being the internet I am going to go ahead and throw my completely unsolicited (possibly unwelcome) advice. Between my father and I we have owned 4 power boats over the years. Our current boat is a 25' Parker with a pilot house. Every boat we purchased after the first one was used, and frankly we would never consider buying a new boat ever again. Since banks have gotten into giving out decent loans, the price of boats has absolutely skyrocketed. If you are seriously considering buying a 100k plus boat, consider instead buying a 10 or 15 year old used boat for 20-35k, and building a shop on your property for an additional 20k or so. You will still be ahead and while it's very tempting to buy new with boats it's probably the least practical major purchase you will be making for a new item. You can hire a professional mechanic to look over any potential boat you would buy, rebuild the motors, rewire the whole thing if you wanted and still not approach half the cost of a new boat. Sorry if this post is just a distraction, but I have more experience with boats then woodworking so thought I would throw it out there. Quote Link to comment Share on other sites More sharing options...
Popular Post Janello Posted August 2, 2017 Author Popular Post Report Share Posted August 2, 2017 12 minutes ago, minorhero said: This being the internet I am going to go ahead and throw my completely unsolicited (possibly unwelcome) advice. Between my father and I we have owned 4 power boats over the years. Our current boat is a 25' Parker with a pilot house. Every boat we purchased after the first one was used, and frankly we would never consider buying a new boat ever again. Since banks have gotten into giving out decent loans, the price of boats has absolutely skyrocketed. If you are seriously considering buying a 100k plus boat, consider instead buying a 10 or 15 year old used boat for 20-35k, and building a shop on your property for an additional 20k or so. You will still be ahead and while it's very tempting to buy new with boats it's probably the least practical major purchase you will be making for a new item. You can hire a professional mechanic to look over any potential boat you would buy, rebuild the motors, rewire the whole thing if you wanted and still not approach half the cost of a new boat. Sorry if this post is just a distraction, but I have more experience with boats then woodworking so thought I would throw it out there. I appreciate your insight. I however want to go down to the dock and turn the key I just put 2 kids through college and I'm done saving my money for their inheritence ! They will get a nice used boat that needs work when I am dead. Besides..No room in my little yard for a shop. 4 Quote Link to comment Share on other sites More sharing options...
gee-dub Posted August 2, 2017 Report Share Posted August 2, 2017 2 hours ago, Eric. said: Don't be a dumbass. Keep your tools. You'll hate yourself eventually if you sell them...and you know this. You forgot to also say "don't buy a boat". I've known too many boat owners to go down that road. I want to spend my time in the shop Seriously though, I am not aware of what tools you have or your feelings toward them. If I had been doing this a few years and was still running a contractor saw and a benchtop jointer and planer I would probably sell them. If I had hand tools of any quality, you would have to take them from the guy who killed me to get them away from me. If you have decent quality large machines they are probably of a better quality than the replacements you will buy a couple years from now. As to the expense, preparation for storage, care and feeding while in storage and the resulting condition when removed from storage, only you can do the math on that. Can you "loan" them to another woodworker while waiting on the new digs? Quote Link to comment Share on other sites More sharing options...
davewyo Posted August 2, 2017 Report Share Posted August 2, 2017 I have several contradictory feelings on this. Tools similar to the ones you have now will certainly be available if you want to reequip at a later date. I would never get rid of certain tools even if I was positive I never wanted to build furniture again. Some tools have sentimental value, and some are just too nice to part with. I mean...who doesn't want a set of Lie Nielsen chisels in their boat for those times when you can't find the bottle opener? I don't think I would be able to get 50% (or better) of the value of my tools if I sold them. Who the hell is going to pay $6 for my bench cookies when I can't even find a use for them? I have slacked off on hobbies, kept the gear, and never used it again. My dusty skis are almost museum pieces, yet they are still taking up space in the gear room. On the other hand, I've slacked off on hobbies and have later taken them up with a renewed interest which could be said to border on obsession. You're obviously a gifted woodworker. It would be a shame to hang it up. People have owned boats and had a workshop in the garage at the same time. In fact, it's almost a necessity. Quote Link to comment Share on other sites More sharing options...
wdwerker Posted August 2, 2017 Report Share Posted August 2, 2017 I could understand selling the big stationary tools and storing the rest. The time and effort to acquire them again in the future wouldn't be worth the meager funds you would get from selling them. A boat is a .... lined hole in the water into which you pour money. The best days in a boat owners life are the day you bought it and the day you sell it . My family has had boats all my life, fortunately I could only afford tools or a boat and chose to earn a living. Quote Link to comment Share on other sites More sharing options...
Eric. Posted August 2, 2017 Report Share Posted August 2, 2017 Not sure I understand all the boat hate. Yes they're expensive and a total pain in the ass...but so is woodworking. If that's what John wants to do I can totally dig it. I love boating. I just don't get why it has to be an either/or situation..."I'm buying a boat so I'm gonna sell my tools" just doesn't make sense to me. It's like saying I want a sandwich so I'm gonna pawn my stereo. 1 Quote Link to comment Share on other sites More sharing options...
wtnhighlander Posted August 2, 2017 Report Share Posted August 2, 2017 I don't know your true passions in life, or your level of wealth. If I were presented with the options you posted here, I would forget the boat, sell the tools, and save for a nicer setup when the house is done. Assuming the house is not yet built, plan for shop space now. Boats and workshops are both time sucks and money pits. Unless I was indepentdantly wealthy, I would not try to do both. Quote Link to comment Share on other sites More sharing options...
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