Appraisals - Fiberglass RV


View Poll Results: Have you had your fiberglass rv appraised?
No I have not had my fbrv appraised 4 100.00%
Yes - it appraised for more than I paid/invested including mods 0 0%
Yes - it appraised for less than I paid/invested including mods 0 0%
Yes - it appraised for what I paid/invested including mods 0 0%
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Old 05-25-2017, 08:13 AM   #1
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Name: John
Trailer: '71 Boler, '87 Play-Mor II
Deep South
Posts: 1,197
Appraisals

Okay I am sure this has been discussed here before but I just read about a U-Haul resto-mod on a facebook group that appraised at $19K, surprisingly more than I expected even though it is a top notch unit. Now I am wondering what my '71 Boler will appraise at once completed of our frame up resto-mod...

So I thought I would do a poll of who has done appraisals of their fbrv and if anyone would like to share the details (make, model, year, mods done, appraisal value, who done the appraisal, pics, etc.) I would love to hear about it...

Thanks,
John
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Old 05-25-2017, 08:32 AM   #2
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Name: KAY
Trailer: 1981 SCAMP 13
Missouri
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Hi Johnny,

I bought an '81 Scamp. I went to my bank to try to get a loan. NADA does not list my camper. NADA only goes to 1984 on Scamp campers. They don't even list Bolers. I could not get a loan against my trailer because NADA had no estimated value. Fortunately I had the cash saved up.

That being said, this is more of a niche market. It's not much different than vintage cars or trailers. The value of the trailer is more in what someone is willing to pay. You will never get out of it what you put in, unless you were really stingy with parts. Your substantial labor (and love) investment will not hold much value to the next owner, unless they like your artistry and craftsmanship.

And I find your restoration journey to be insightful and very helpful. Thank you for sharing it.
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Old 05-25-2017, 08:38 AM   #3
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Originally Posted by likeair2me View Post
Hi Johnny,

I bought an '81 Scamp. I went to my bank to try to get a loan. NADA does not list my camper. NADA only goes to 1984 on Scamp campers. They don't even list Bolers. I could not get a loan against my trailer because NADA had no estimated value. Fortunately I had the cash saved up.

That being said, this is more of a niche market. It's not much different than vintage cars or trailers. The value of the trailer is more in what someone is willing to pay. You will never get out of it what you put in, unless you were really stingy with parts. Your substantial labor (and love) investment will not hold much value to the next owner, unless they like your artistry and craftsmanship.

And I find your restoration journey to be insightful and very helpful. Thank you for sharing it.
Thanks Kay for the input and kind words. I agree with what you said, but my main aim here with regard to appraisals was for insurance purposes. I think it would be much easier to get an insurance company to insure to a specific value if you had a reputable appraisal.
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Old 05-25-2017, 09:22 AM   #4
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Name: KAY
Trailer: 1981 SCAMP 13
Missouri
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Where does one go for an appraisal? I know my insurance company bases everything off of NADA, so how do you go about getting a realistic appraisal that the insurance company will accept?

Now you have really peaked my interest. I am hoping someone who has gone through the process can help.
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Old 05-25-2017, 09:35 AM   #5
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Trailer: '71 Boler, '87 Play-Mor II
Deep South
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I am thinking about calling Paul Neumister since he is a Boler guru. If you have a Scamp I would think Evelands could appraise it?

The U-haul I mentioned above was appraised by Tim Heintz with Heintz Designs Vintage Trailer Restorations. I am sure there are other reputable sources for appraisals although they may be hard to find. The TV show Flyte Camp comes to mind too. Maybe the admins could add a new section for links to appraisers for vintage trailers.
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Old 05-25-2017, 10:26 AM   #6
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Name: Carl
Trailer: 1981 Trillium 5500
Quebec
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Here my insurance company (Intact) said they will send their own (or contracted) appraiser when our restorations are complete and we're ready to hit the road and have the trailer fully insured.

My only concern is if the appraiser will fully understand the value of these old trailers. If not, he's in for a lecture in FG trailers 101. Over the last years I've collected all the classified for similar FG trailers. They show asking prices, not actual selling prices, but around here asking prices are high, these trailers sell almost overnight are are very sought after, so I'm ready to demonstrate the value of my trailer should he come up with some out of line value.

I paid $7000 for it 2 years ago, I'm expecting nothing short of 10K, and lately many similar trailers were up for sale in the 10k range *not renovated*. I've also extensively documented my renos, here and on a dedicated blog.

The appraisal will take place in a few weeks, since we're almost done with the renos.
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Old 05-25-2017, 11:43 AM   #7
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Name: John
Trailer: '71 Boler, '87 Play-Mor II
Deep South
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Quote:
Originally Posted by Carl V View Post
Here my insurance company (Intact) said they will send their own (or contracted) appraiser when our restorations are complete and we're ready to hit the road and have the trailer fully insured.

My only concern is if the appraiser will fully understand the value of these old trailers. If not, he's in for a lecture in FG trailers 101. Over the last years I've collected all the classified for similar FG trailers. They show asking prices, not actual selling prices, but around here asking prices are high, these trailers sell almost overnight are are very sought after, so I'm ready to demonstrate the value of my trailer should he come up with some out of line value.

I paid $7000 for it 2 years ago, I'm expecting nothing short of 10K, and lately many similar trailers were up for sale in the 10k range *not renovated*. I've also extensively documented my renos, here and on a dedicated blog.

The appraisal will take place in a few weeks, since we're almost done with the renos.
Thanks Carl for the insight. I too have well documented everything and have receipts for everything from the new axle down to the light bulbs . So when I get to that point of actually getting the appraisal done I too will be ready to give a fiberglass 101 if needed but I am hoping to find someone who can do it who has the knowledge or at least the ability to research the values of these gems. Ours being what I believe is one of the first 200 American Bolers made I believe make it all the more rare but we will see. After extensive brainstorming we have decided to call our "Suite 13". Here is the graphix I have been working on for the front window.
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Boler American logo 1971 vintage-01.jpg  
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