I don't know Formula's so not sure if they have wood stringers or not, my guess would be yes for 1984. If so, just banging around the floor won't tell the story. You need to get to the stringers and can do small core samples to test the condition. Some will tell you to just turn the engine mount bolts, if they snug up the stringers are in good condition. this may be true for that particular spot, but really more investigation is needed if you really want to know the condition. A marine surveyor could be hired to really give you a report on the boat, that would be the safest way to go.
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