I really want to build an experimental but have heard from multiple credible sources that it's not worth spending the money on building when you can buy a nice capable production airplane for cheap now. So, I'm looking at 172, 172RG, 177, 177RG, PA28R. My budget will be from $40 - $60k. Any one have comments on these models or something equivalent, i.e. maintenance issues with certain year models, comfort, ownership costs? Any comments appreciated!
Definately would stay away from a home build - I don't feel qualified to build an airplane so I leave it to the pros. I can help you out as far as costs though. Of course there is a trade off when considering new vs. old on up front cost vs. maint cost.
I will list the cost items:
Tie Down or Hangar - Tie Down $900/yr Hangar $3,840 - $5,280/yr Insurance - $1,500 - $2,000/yr Annual Inspection $1,200/yr
Annual costs at $7,000 flown 100 hours/yr = $70/hr
Total cost at 100 hours/yr = $144.50/hr
Another consideration is the initial investment. Also if this aircraft will be IFR certified there are additional costs associated with that - GPS data updates and pitot-static certs.
