I’m not so sure about that. I’ve bought a few boats over the years, some good, some abandoned. In almost all cases, the abandoned boats required several times as much work and the end result wasn’t near as good. In most cases the esthetics weren’t repairable. My best boat was a 42’ wooden yawl by Carl Alberg. It didn’t have a spec of rot, in spite of the fact that it was 25 years old. I had to replace a plank and the transom due to damage but the boat was worth it. When I sold it 8 years later, it looked new.
My present boat has good bones, a Tartan by Sparkman and Stephens. It was in basically good condition but had been ignored at a mooring for 5 years and looked it. It had been on the market for a year w/o an offer. But, the equipment and electronics were very recent the rest was repairable w/ a lot of work and some $$. Any buyer who didn’t do his own work couldn’t have afforded to buy it. I put maybe $10,000 in labor and some $$ and it’s now back among the living. These boats were both more expensive than they should’ve been but to me were worth it because of their potential. You get what you pay for.