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What should I budget for annual maintenance costs?
I have a free slip and 18 year old 38 foot cruiser. I do most of my own random routine maintenance chores but have the yard do the bottom. The boat is tied up behind my house so it is easy for me to go down and mess around. I expect to spend about 6 to 8% of the cost of the boat per year in maintenance costs. That does not include upgrades which is a never ending process and which I expect will cost almost as much per year. Nor does it include loan payments.
Jeff
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