I've put 7 -- almost 8 -- years of work into the RV-7A project and I intend to continue working on it, but I have to prepare for the obvious -- that I'll have to sell it. The economy is bad -- a dozen folks got gassed at my place today and more are due -- my health and that of my wife have been deteriorating to the point where it's obvious my plans for how we'd spend our senior years are not in sync and not really possible, and the economy has pretty much destroyed our retirement funds and although there's enough time before we retire (I hope) to get them back where they were, there's nowhere near enough time for the fund to get anywhere near our being able to live at the level we'd hoped.
I'd hoped to be able to finance the engine purchase but that hasn't worked out well either and this is not a good time to carry debt.
I've sketched out roughly what I've put into it and that's what I'd likely sell it for -- what I put into it. No profit, no charge for the work and no discount.
Here's what I've put into it:
Tru Trak single axis autopilot = $1,500 Icom A210 Radio - $1,200 Artex 406 mxh ELT - $950 Whelen System 6 Strobe package - $950 GRT EIS - $1500 VP-50 - $1,500 Dynon D100 Super Bright pkg - $2500 Garmin 327 Transponder $2,300 Airflow high-performance boost pump - $415 Equipment Subtotal --> $12,815
Mattituck IO-360 FP engine (but can be a CS) fuel injected with one Lightspeed ignition - $24,500 Engine subtotal --> $24,500
RV-7A project On landing gear (nosewheel breakout force has not been set), canopy frame is done and the front fairing completed. Tip-up. Tops skins not riveted on (I need access to the tail). 1,800 hours of work invested so far Total -->$20,000
I get about $60,000 in my calculation and that's about what I'd sell the project for. No tools are included because I need to hang onto the hope that I can build an RV-12 and do the kind of flying that I'm more likely to be doing -- by myself, in the daytime, in the vicinity of the airport.
Alternatively, I'd consider taking on a partner in the plane, although I have to admit I have no idea how such a partnership works. So you'll have to supply the brains.
If you'd like to take a look at things, I would encourage you to plan to come up to the hangar at South St. Paul (KSGS) and assess it for yourself.
Like I said, I'm not anxious to sell it and cash out, but at the moment I'm willing to and I probably should before I absolutely have to.