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james.k.hovis(at)gmail.co
Guest

Posted: Thu Jul 13, 2006 10:35 am Post subject: Relative Value for Complete RV-10's?

As noted before I've been lurking absorbing the material before I actually make the plunge and get a RV-10 kit. One question I'd like to post to you here is what you think the relative value for a completed RV-10 would be if one was to sell their aircraft on the open market? I know that type of question would probably lead to many different answers since each airplane built is a little different from the next based on builder preferences and such. For example, one guy could build a strictly VFR machine while his buddy a few hangers away has a hard IFR capable machine. What I'm thinking is a moderate to high hp engine (235 to 260 hp) and probably light duty IFR capable ( i.e. basic gauges with maybe one or two EFIS displays and engine monitor). If I can reasonably assure the household finance minister that I can get a good return on my investment, it might sway her towards my thinking. I've seen one RV-10 offered for $220,000 and a partially finished a/c for $175,000. I'd assume there hasn't been many sold since finished birds haven't been flying long, but any info from the list is helpful. 

  

 Thanks. 

  

 James K. Hovis

jjessen

Joined: 22 Apr 2006
Posts: 285
Location: OR

Posted: Thu Jul 13, 2006 11:25 am Post subject: Relative Value for Complete RV-10's?

I'd bet Tim Olson could sell his for more than $220k.   But, I like the paint scheme.  Or, just take her down to a Cirrus dealer  and show her the price tag.  Then, explain to her how the -10 is a better  plane in terms of:  useful load, economy, comfort in the back and front,  overall costs, etc, etc.  I think that she'd get the idea pretty  fast.  

  

 John Jessen

  

 do not archive



   From: owner-rv10-list-server(at)matronics.com  [mailto:owner-rv10-list-server(at)matronics.com] On Behalf Of James K  Hovis

Sent: Thursday, July 13, 2006 11:28 AM

To:  rv10-list(at)matronics.com

Subject: Relative Value for  Complete RV-10's?

 

 As noted before I've been lurking absorbing the material before I actually  make the plunge and get a RV-10 kit. One question I'd like to post to you here  is what you think the relative value for a completed RV-10 would be if one  was to sell their aircraft on the open market? I know that type of question  would probably lead to many different answers since each airplane built is a  little different from the next based on builder preferences and such. For  example, one guy could build a strictly VFR machine while his buddy a few  hangers away has a hard IFR capable machine. What I'm thinking is a  moderate to high hp engine (235 to 260 hp) and probably light duty IFR capable (  i.e. basic gauges with maybe one or two EFIS displays and engine monitor). If I  can reasonably assure the household finance minister that I can get a good  return on my investment, it might sway her towards my thinking. I've seen one  RV-10 offered for $220,000 and a partially finished a/c for $175,000. I'd assume  there hasn't been many sold since finished birds haven't been flying long,  but any info from the list is helpful. 

  

 Thanks. 

  

 James K. Hovis

phil(at)asibuildings.com
Guest

Posted: Thu Jul 13, 2006 11:30 am Post subject: Relative Value for Complete RV-10's?

James,



I have a 10 that is close to being done and have $125,000 invested in it and I

have to sell it.  I will sell it for $125,000.  I0-540, MT prop, dual GRT

EFIS,

etc.  The only thing left to purchase is upholstery and paint



Phil

40122

888-583-5155



At 01:28 PM 7/13/2006 -0500, you wrote: 

 	  Quote: 	
		  

 As noted before I've been lurking absorbing the material before I actually

 make the plunge and get a RV-10 kit. One question I'd like to post to you

 here is what you think the relative value for a completed RV-10 would be if

 one was to sell their aircraft on the open market? I know that type of

 question would probably lead to many different answers since each airplane

 built is a little different from the next based on builder preferences and

 such. For example, one guy could build a strictly VFR machine while his

buddy
	


 	  Quote: 	
		   a few hangers away has a hard IFR capable machine. What I'm thinking is a

 moderate to high hp engine (235 to 260 hp) and probably light duty IFR

 capable ( i.e. basic gauges with maybe one or two EFIS displays and engine

 monitor). If I can reasonably assure the household finance minister that I

 can get a good return on my investment, it might sway her towards my

 thinking. I've seen one RV-10 offered for $220,000 and a partially finished

 a/c for $175,000. I'd assume there hasn't been many sold since finished

birds
	


 	  Quote: 	
		   haven't been flying long, but any info from the list is helpful. 

  

 Thanks. 

  

 James K. Hovis

Tdawson(at)avidyne.com
Guest

Posted: Thu Jul 13, 2006 11:41 am Post subject: Relative Value for Complete RV-10's?

That's a good deal . . .



TDT

do not archive



--

Tim(at)MyRV10.com
Guest

Posted: Thu Jul 13, 2006 12:21 pm Post subject: Relative Value for Complete RV-10's?

No, I couldn't.....my wife would kill me. 



Tim Olson - RV-10 N104CD - Flying

do not archive

John Jessen wrote:

 	  Quote: 	
		   I'd bet Tim Olson could sell his for more than $220k.  But, I like the 

 paint scheme.  Or, just take her down to a Cirrus dealer and show her 

 the price tag.  Then, explain to her how the -10 is a better plane in 

 terms of:  useful load, economy, comfort in the back and front, overall 

 costs, etc, etc.  I think that she'd get the idea pretty fast. 

  

 John Jessen

  

 do not archive

 

 ------------------------------------------------------------------------

 *From:* owner-rv10-list-server(at)matronics.com 

 [mailto:owner-rv10-list-server(at)matronics.com] *On Behalf Of *James K Hovis

 *Sent:* Thursday, July 13, 2006 11:28 AM

 *To:* rv10-list(at)matronics.com

 *Subject:* Relative Value for Complete RV-10's?

 

 As noted before I've been lurking absorbing the material before I 

 actually make the plunge and get a RV-10 kit. One question I'd like to 

 post to you here is what you think the relative value for a completed 

 RV-10 would be if one was to sell their aircraft on the open market? I 

 know that type of question would probably lead to many different answers 

 since each airplane built is a little different from the next based on 

 builder preferences and such. For example, one guy could build a 

 strictly VFR machine while his buddy a few hangers away has a hard 

 IFR capable machine. What I'm thinking is a moderate to high hp engine 

 (235 to 260 hp) and probably light duty IFR capable ( i.e. basic gauges 

 with maybe one or two EFIS displays and engine monitor). If I can 

 reasonably assure the household finance minister that I can get a good 

 return on my investment, it might sway her towards my thinking. I've 

 seen one RV-10 offered for $220,000 and a partially finished a/c for 

 $175,000. I'd assume there hasn't been many sold since finished birds 

 haven't been flying long, but any info from the list is helpful.

  

 Thanks. 

  

 James K. Hovis

billderou(at)yahoo.com
Guest

Posted: Thu Jul 13, 2006 12:43 pm Post subject: Relative Value for Complete RV-10's?

James-

  The decision to purchase/build an RV-10 is a slam dunk. Its a great plane and, properly equipped, will hold its value until you decide its time to convert it back into cash. I know of no other comparable airplane from a cost/benefit viewpoint. 

   

  The real problem is how to convince the finance minister that she will benefit from the endeaver and the temporary storage of money can be traded for a great lifestyle enhancement.

   

  Suggest you drop phrases such as "good return on investment" or any link between investment and aircraft. It may get the aircraft in the garage but will poison all that follows. 

   

  Bill DeRouchey

  N939SB, #40029, billderou(at)yahoo.com (billderou(at)yahoo.com)

  fly next week

  do not archive

   



James K Hovis <james.k.hovis(at)gmail.com>  wrote:

   	  Quote: 	
		    As noted before I've been lurking absorbing the material before I actually make the plunge and get a RV-10 kit. One question I'd like to post to you here is what you think the relative value for a completed RV-10 would be if one was to sell their aircraft on the open market? I know that type of question would probably lead to many different answers since each airplane built is a little different from the next based on builder preferences and such. For example, one guy could build a strictly VFR machine while his buddy a few hangers away has a hard IFR capable machine. What I'm thinking is a moderate to high hp engine (235 to 260 hp) and probably light duty IFR capable ( i.e. basic gauges with maybe one or two EFIS displays and engine monitor). If I can reasonably assure the household finance minister that I can get a good return on my  investment, it might sway her towards my thinking. I've seen one RV-10 offered for $220,000 and a partially finished a/c for $175,000. I'd assume there hasn't been many sold since finished birds haven't been flying long, but any info from the list is helpful. 

   

  Thanks. 

   

  James K. Hovis

VHMUM(at)bigpond.com
Guest

Posted: Thu Jul 13, 2006 1:05 pm Post subject: Relative Value for Complete RV-10's?

John you are right as some are pooring a small  fortune into these toys. Over here things are a bit diferent ,small population  etc. So at prices over 200k AUS people will have a huge choice of aircraft  ofcourse second hand but most were not built in someones shed.

 Like our 6 that we sold we are building the 10 as  light as possible and as cheap as possible with not sacrifising Quality etc.  Will be using an overhauled engine to keep price down. We will not be going IFR  so basic panel maybe 2 Dynons with no back up instruments. Yes lashing out  on glass but thats it. No auto pilot as my wife flys to so one of us is always  hands on or we might as well fly in a airliner (cheaper).  

 So you can build a quality aircraft VFR at a  reasonable price and get your money back. We doubled our money on the 6 which  was light and simple but I think we can only get %30 more than cost to build on  10 but we shall see when we eventuly sell it. 

  

 Chris

 [quote]   ---

Tdawson(at)avidyne.com
Guest

Posted: Thu Jul 13, 2006 3:38 pm Post subject: Relative Value for Complete RV-10's?

Pointing out the travel time savings for visiting the finance minister's sisters helped me!  "Look, Hon, your sister is only 3 hours away in an RV-10" . . .



TDT

do not archive



--

pascalreid(at)verizon.net
Guest

Posted: Thu Jul 13, 2006 4:20 pm Post subject: Relative Value for Complete RV-10's?

I see you questions are focused on resale. I have a  few for you however (but there are hundreds of questions I assume you have  reviewed before reaching the finacial piece)

 - Do you have a strong desire to build a plane?  1250 or so hours of your life is a lot of time to be spending for good resale  value

 - Does the finance minister like to fly- will she  look forward to going on trips that take too long to get to by  auto?

 - Do you understand that the price to build the  plane is only the start of the finances you'll be spending (Taxes, hangar,  maintenance (oil, etc) that can add up to 10% yearly.

  

 With that said, I have not started the building but  I have a stronger desire to build the plane than to fly it and one day will be  ready to sell it for another reason. I have no doubt I'll get my time and money  back when the plane is sold. Simply put my CFO supports the RV-10 because she  knows I love to build and have spent 7 years planning and saving for a kit  plane. She also really wants to take trips we simply can not go on due to  distance and time to get there, those two and not the resale works for me, if  your answer to the three questions is "yes" and your wife understands the  implication of your time building, the resale value should be an easy sale for  you. Just don't get caught up with the money and forget why your building the  plane to start with- unless of course it is as an investment with hopes of  making money on your labor and not for the pleasure it will bring.

  

 Best of success with your propostion to the finance  minister

  

 Pascal 

  

  

  

 ---

pitts_pilot(at)bellsouth.
Guest

Posted: Thu Jul 13, 2006 9:17 pm Post subject: Relative Value for Complete RV-10's?

Reply not necessarily aimed at Pascal!

 

 Pascal wrote:

  	  Quote: 	
		                      I see you questions are focused on resale. I have a  few for you however (but there are hundreds of questions I assume you have  reviewed before reaching the finacial piece)

     - Do you have a strong desire to build a plane?  1250 or so hours of your life is a lot of time to be spending for good resale  value

     - Does the finance minister like to fly- will she  look forward to going on trips that take too long to get to by  auto?

     - Do you understand that the price to build the  plane is only the start of the finances you'll be spending (Taxes, hangar,  maintenance (oil, etc) that can add up to 10% yearly.

      

     With that said, I have not started the building but  I have a stronger desire to build the plane than to fly it and one day will be  ready to sell it for another reason. I have no doubt I'll get my time and money  back when the plane is sold.

 	
 Initially this may be so, but as the -10 becomes more available you'll be hard pressed to get value for your labor and maybe not the money you've spent.  I had a small business brokering airplanes, and there are two kinds of folks out there.  There are owners that are selling a 'gold bar' and buyers looking for a 'lead bar'.  Very rarely are the two folks close to reality.  There are those that will pay a nice price for a homebuilt because they have more money than time ..... but as the market sees more airplanes for sale then the competition for buyers heats up and sales prices fall.  Profit (or breaking even) shouldn't be a part of the decision to build any homebuilt.  Satisfaction and the ability to legally 'tweak' your pride and joy to improve it's looks, speed, or efficiency go a long way.

 Linn

 [quote]    Simply put my CFO supports the RV-10 because she  knows I love to build and have spent 7 years planning and saving for a kit  plane. She also really wants to take trips we simply can not go on due to  distance and time to get there, those two and not the resale works for me, if  your answer to the three questions is "yes" and your wife understands the  implication of your time building, the resale value should be an easy sale for  you. Just don't get caught up with the money and forget why your building the  plane to start with- unless of course it is as an investment with hopes of  making money on your labor and not for the pleasure it will bring.

      

     Best of success with your propostion to the finance  minister

      

     Pascal 

      

      

      

     ---

james.k.hovis(at)gmail.co
Guest

Posted: Fri Jul 14, 2006 5:29 am Post subject: Relative Value for Complete RV-10's?

Pascal, 

    Thanks for the kind words. As stated before, I owned an AA-1A for nearly ten years, so as far as the sustaining costs of ownership I know what it takes. Holding a repairman's cert for my own airplane is a real benefit to me too. And being a past part of the airport board for H-88, only about 5 miles from the house, I can deal with those issues too. The desire for building has been there for quite awhile (somewhat simmered while I actually owned an airplane) and now that the rug rats are older (can actually buck a few rivets) and I'm seriously missing being able to go to the airport and pull out MY airplane anytime I want. Learning how to build an airplane was one reason I went to college for an AE degree (boy was I in for a shock!). And the dear wife does like to fly. The first time I took her for a ride, I ran a C-172 off the side of an ice-covered runway while taxiing for take off and it didn't scare her off (wasn't serious, just got a wheel of the runway edge and stuck in a snow/slush bank). Anyway, if I have a reasonable assurance that what money I put into an airplane I can get back out if I sell it (and as an added benefit get enough to build a SECOND ship), it'll help seal the deal. I figure $100K - $125K at least. If you figure $125 /hr (not a Cessna figure mind you...) at 1250 hrs your labor is "worth" around $156K. So with $125K in materials and equipment a fairly well equipped -10 could be "worth" $280K or so. Put in a $60K "amateur built" knock-down factor, you get to that $220K asking price I've seen. Still not bad! 

  

 JKH



 

 On 7/13/06, Pascal <pascalreid(at)verizon.net (pascalreid(at)verizon.net)> wrote: [quote]   I see you questions are focused on resale. I have a few for you however (but there are hundreds of questions I assume you have reviewed before reaching the finacial piece)

 - Do you have a strong desire to build a plane? 1250 or so hours of your life is a lot of time to be spending for good resale value

 - Does the finance minister like to fly- will she look forward to going on trips that take too long to get to by auto?

 - Do you understand that the price to build the plane is only the start of the finances you'll be spending (Taxes, hangar, maintenance (oil, etc) that can add up to 10% yearly.

   

 With that said, I have not started the building but I have a stronger desire to build the plane than to fly it and one day will be ready to sell it for another reason. I have no doubt I'll get my time and money back when the plane is sold. Simply put my CFO supports the RV-10 because she knows I love to build and have spent 7 years planning and saving for a kit plane. She also really wants to take trips we simply can not go on due to distance and time to get there, those two and not the resale works for me, if your answer to the three questions is "yes" and your wife understands the implication of your time building, the resale value should be an easy sale for you. Just don't get caught up with the money and forget why your building the plane to start with- unless of course it is as an investment with hopes of making money on your labor and not for the pleasure it will bring. 

  

 Best of success with your propostion to the finance minister

  

 Pascal 

  

  

  

 ---

pascalreid(at)verizon.net
Guest

Posted: Fri Jul 14, 2006 7:19 am Post subject: Relative Value for Complete RV-10's?

This may be personal, but I don't see building a  model or anything else I do for education, edification and enjoyment as being  "billable time". Building a large project is going to be a  significantly larger undertaking financially and time wise but I'm not  building this project as a "professional" I am building for the purpose of what  this "experimental" class was designed for. When I state " I have no doubt I'll  get my time and money back when the plane is sold" I am really saying "the  enjoyment building, teaching my daughter about engineering and flying, and the  memories we will have flying everywhere will make up for any costs associated  with the RV-10" If I get back what I put into it (currently expected 125K) I  will have come out ahead in the end. I am not looking to make money on my plane,  assuming I even sold it in the next 20 years, I'm looking to enjoy MY work and  talking to others about how to "tweak it".

 In the end I agree with you Linn, this is about the  journey not the destination to a hopeful pot of gold.

 Thanks!

 Pascal

 [quote]   ---

GRANSCOTT(at)aol.com
Guest

Posted: Fri Jul 14, 2006 7:33 am Post subject: Relative Value for Complete RV-10's?

In a message dated 7/13/06 3:30:33 P.M. Eastern Daylight Time,  jjessen(at)rcn.com writes:

  	  Quote: 	
		  Or, just    take her down to a Cirrus dealer and show her the price  tag. 	


 

        a fellow around the corner from us has  a Cirrus 22, I believe he said he's tied up about $370k, our CAP C 182 with a G  1000 cost in the $385k area...but it's got a bunch of extra's one would not  normally order...dual audio panel, SAT phone etc...

  

 Patrick

speckter(at)comcast.net
Guest

Posted: Fri Jul 14, 2006 7:47 am Post subject: Relative Value for Complete RV-10's?

I  built a Glasair III in 1990 for about $100,000.  I flew it for 850 hours  over 15 years and sold it for $125,000.  I think that I got a great deal on  the return on my investment.  I too felt the labor is not billable.   It is my hobby, no fisherman or golfer that is not professional figures in his  time in the equation.  Build and enjoy, if you don't like the building, go  buy a factory built and fly tomorrow.  Building can be very relaxing,  gratifying and enjoyable, a great hobby.  This is my 4th  one.

 Gary

 40274

 [quote]   

   --

Tim(at)MyRV10.com
Guest

Posted: Fri Jul 14, 2006 8:22 am Post subject: Relative Value for Complete RV-10's?

That a great attitude about it Pascal.  When it comes to the

future outlook of aviation and plane prices, I tend to think

of myself as a realist.  (Note:  "Pessimist" is the word

an optimist uses to describe a realist)     In my opinion,

with the looming issues ahead:



* Declining pilot population (soon to become more rapid due to

	the end of the boomers)

* Increase in old plane sales due to removal of boomers from

	the flying population

* Drastic increases in fuel costs

* Increase in regulation and restriction of aviation (i.e. TFR /

	ADIZ propogation and general public security fears)

* Increases in insurance rates

* Limited or uncertain future of 100LL

* The almost complete loss of the concept of "personal responsibility"

	causing huge lawsuit payouts in aviation.

* Economic concerns of the US Economy, which may be set off by a

	drop in the housing market, forcing sales of "toys" like planes.



I personally feel that we're probably living a limited-timed

charmed lifestyle and that the days probably aren't that far away

that aviation will be very hard to both get into and stay in.

We all need to just stop and fully appreciate the time we have with

our health and our aircraft, that will allow us, for this possibly

short time, to have experiences that many people will never get.

To give our families memories that they may never have the opportunity

to pass on to their children.  To build up many stories of the

"days when you used to be able to fly your own airplane" that you

can tell your grandkids.



I have done a fairly good financial analysis of the costs of flying

and maintaining my RV-10.  It did cost me a good chunk of change

to build, but I have that all paid off now.   Surprisingly, I am

finding that after being completed....the mere cost of operation

has a definitely larger impact on my savings growth than aviation

did a few years ago.  The RV-10 is fast and efficient, and

"reasonable" to maintain.  It is not, however, inexpensive to fly

and own.  This is not the fault of the company, the plane,

the avionics I bought, or anything like that.  It's the insurance,

the fuel, the oil, the hanger (not for me but for some people),

and those types of things that will keep people from racking

up thousands of hours on the RV-10's.



So when those other Cessna's/Piper's/Beeches, and all those other

old planes start to be dumped on the market at a faster rate,

due to the above concerns, I fully expect the value of my RV-10

to drop along with the market.  Depending on what natural,

man-made, legislative, or economic disaster falls on us, we

could literally see our airplanes become nearly worthless almost

overnight.  So building and planning for resale value being

equal or higher probably isn't the way to view it.  With luck,

all of those above things will prove false, and our values will

climb, our costs will drop, and we'll be able to some day

sell our RV-10's at 125-150% of our initial costs, for the

new RV-25 kits shipping starting in 2030....but I just wouldn't

plan it that way.  A good and applicable quote to our entire

building and flying experience is this one by Albert Einstein:

“Learn from yesterday, live for today, hope for tomorrow. The

important thing is not to stop questioning.”



Cheers,



Tim Olson - RV-10 N104CD - Flying



Pascal wrote:

[quote] This may be personal, but I don't see building a model or anything else 

 I do for education, edification and enjoyment as being "billable time". 

 Building a large project is going to be a significantly larger 

 undertaking financially and time wise but I'm not building this project 

 as a "professional" I am building for the purpose of what this 

 "experimental" class was designed for. When I state " I have no doubt 

 I'll get my time and money back when the plane is sold" I am really 

 saying "the enjoyment building, teaching my daughter about engineering 

 and flying, and the memories we will have flying everywhere will make up 

 for any costs associated with the RV-10" If I get back what I put into 

 it (currently expected 125K) I will have come out ahead in the end. I am 

 not looking to make money on my plane, assuming I even sold it in the 

 next 20 years, I'm looking to enjoy MY work and talking to others about 

 how to "tweak it".

 In the end I agree with you Linn, this is about the journey not the 

 destination to a hopeful pot of gold.

 Thanks!

 Pascal

 

     ---

ScooterF15

Joined: 19 Jun 2006
Posts: 136

Posted: Fri Jul 14, 2006 9:37 am Post subject: Relative Value for Complete RV-10's?

I agree with most of the assessments I've read in this thread. My plane is  almost ready to fly and I'm at $130K out of pocket. But I'll comment on the  building time... I've seen the number of 1250 hours of build time thrown  out a couple of times, I'm not sure what other people are seeing for build  time but... I am a first time builder and I'm sure that I could build  faster next time: I've put in almost 2500 hours in just over 2.5 years  on my quickbuild RV-10. Something to think about for those who are considering  starting.

  

 -Jim

 40134

  

 In a message dated 7/14/2006 9:46:58 A.M. Mountain Daylight Time,  james.k.hovis(at)gmail.com writes:

  	  Quote: 	
		     Pascal, 

      Thanks for the kind words. As stated before, I owned an    AA-1A for nearly ten years, so as far as the sustaining costs of ownership I    know what it takes. Holding a repairman's cert for my own airplane is a real    benefit to me too. And being a past part of the airport board for H-88, only    about 5 miles from the house, I can deal with those issues too. The desire for    building has been there for quite awhile (somewhat simmered while I actually    owned an airplane) and now that the rug rats are older (can actually buck a    few rivets) and I'm seriously missing being able to go to the airport and pull    out MY airplane anytime I want. Learning how to build an airplane was one    reason I went to college for an AE degree (boy was I in for a shock!). And the    dear wife does like to fly. The first time I took her for a ride, I ran a    C-172 off the side of an ice-covered runway while taxiing for take off and it    didn't scare her off (wasn't serious, just got a wheel of the runway edge and    stuck in a snow/slush bank). Anyway, if I have a reasonable assurance that    what money I put into an airplane I can get back out if I sell it (and as an    added benefit get enough to build a SECOND ship), it'll help seal the deal. I    figure $100K - $125K at least. If you figure $125 /hr (not a Cessna figure    mind you...) at 1250 hrs your labor is "worth" around $156K. So with $125K in    materials and equipment a fairly well equipped -10 could be "worth" $280K or    so. Put in a $60K "amateur built" knock-down factor, you get to that $220K    asking price I've seen. Still not bad! 

    

   JKH

jjessen

Joined: 22 Apr 2006
Posts: 285
Location: OR

Posted: Fri Jul 14, 2006 9:37 am Post subject: Relative Value for Complete RV-10's?

Well, that was really uplifting.  



do not archive 



--

Tim(at)MyRV10.com
Guest

Posted: Fri Jul 14, 2006 10:18 am Post subject: Relative Value for Complete RV-10's?

Sorry John, I can see how it might be depressing, but it

really was mainly meant to say "We're all just flying

these toys for fun.  You pay for fun toys, but toys don't

bring a big return.  In our case, returns have been had

in the past, but it's not safe to assume it will continue

for a long time in the futre.  If it does, that will

be just awesome."



I'm not saying anything will happen significant within

the next few years.  It may, or it may not.  But,

certainly without some big oil discovery or fantastic

discovery of alternative fuels, I personally can't

imagine that we'll get 30 more years of flying our

IO-540's around the sky.



To combine replies to another, I agree, if anyone can

build an RV-10 to the point of finishing, in less

than 1500 hours, I'd be pretty surprised, even if

completely QB.  My estimates would be more like:



QB Complete:  1500-1700

1/2 QB Options:  1700-2000

100% Standard: 1900-2500



Those are pretty loose estimates, of course.



Tim Olson - RV-10 N104CD - Flying

do not archive

John Jessen wrote:

[quote] 

 

 Well, that was really uplifting.  

 

 do not archive 

 

 --

johngoodman(at)earthlink.
Guest

Posted: Sat Jul 15, 2006 12:43 pm Post subject: Relative Value for Complete RV-10's?

James' question has gotten a lot of responses, but I thought I'd throw 

in my two cents. When I finally complete my RV-10, it's resale value is 

limited to three possibilities:



•  What is the most an insurance company will pay for a hull loss.



•  What will my wife accept for that "thing" out back after I croak.



•  What do I need out of it so I can move up to building an RV-13.



I sure hope that the third one is the one that comes to pass (g).



John

#40572 Vertical Stab & Rudder complete.

N711JG reserved

dmasys(at)cox.net
Guest

Posted: Sat Jul 15, 2006 6:03 pm Post subject: Relative Value for Complete RV-10's?

---- Tim Olson <Tim(at)MyRV10.com> wrote: 

 	  Quote: 	
		   To combine replies to another, I agree, if anyone can

 build an RV-10 to the point of finishing, in less

 than 1500 hours, I'd be pretty surprised, even if

 completely QB.  My estimates would be more like:

 

 QB Complete:  1500-1700

 1/2 QB Options:  1700-2000

 100% Standard: 1900-2500


	


Not sure, but I think my QB may come in under 1000 hrs total since I am fitting the canopy cover now, all wing construction including lighting, wiring, antennas and servos are done, have the electrical & lighting systems in the fuse and tested, and some avionics done.  The engine is sitting a few feet away from the firewall, and the KitLog program tells me total shop hours are currently at 487 (started the project last August 26th).  At the same point on my slow build -7A I had about 1000 shop hours in the project.



I think the difference is knowing exactly what you want to do and how to get it done on your second RV.



But then, I might be underestimating the cabin completion issues.  Will see...



-Dan Masys

#40448

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