The successful refit of this yacht, to the apparent satisfaction of all concerned and at reasonable cost, holds several lessons. First, consider how and where you intend to use the yacht, whether for personal cruising, business entertaining or charter. Second, always keep resale value in mind, and don't over-personalize the boat to the extent that it will not be of interest to anyone else. Third, make your plans before acting; this applies as much to selecting and buying the yacht as it does to details of the refit. Fourth, don't plan to do it on the cheap, but look for value. It's one of the reasons, along with saving time (Dayream's refit was about seven months), for doing a refit rather than building new. If you cut corners now, you'll lose what you've saved and more when you try to sell. Fifth, don't try to do it on your own. There are professionals-brokers, yards, naval architects, designers, project managers-who can help you avoid serious pitfalls and save you time and money in the end. Unfortunately, there are charlatans, too, so you need to interview candidates carefully. Make sure they're qualified and that they're willing to work as team players-which brings up the corollary: Avoid prima donnas.