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Posted for "Jack Cowell" <jcowell@nyc.rr.com>:
My impressions, based on buying a IVP about a year ago and looking at
those listed for sale before and since, are that hard costs are easily
recovered in well built airplanes. As for sweat equity, that depends on two
things: 1) how much of the time expended is truly "equity" (as opposed to
learning, perfecting techniques, and/or making and correcting mistakes); and
2) the value you put on the equity. Though hardly a statistically accurate
sample, the broad range of selling prices on the used IVP market I know of
is between $300 - $400,000, depending on individual aircraft time,
condition, paint & interior, and avionics. I've seen lots of higher asking
prices, but don't know of any sales out of that range. Just my limited
experience base. Hope this helps
Could some of you experienced builders comment on the market value of your plane vs your investment in your project.
Peter Van Arsdale ; Naples, FL ; LIVPT wannabee
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