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Go Back   SailNet Community > On Board > Boat Review and Purchase Forum > financial help
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Topic Review (Newest First)
04-09-2004 08:03 AM
slipacre
financial help

more than you expect. It nibbles and gnaws as well as chomps on the wallet. A slip is much more convenient for liveaboard, but much more expensive. If living on a mooring you will need an outlay for solar panels and or a small generator (power tools are a help when fixin things.)
Good luck.
Todd V
04-08-2004 02:48 PM
capttb
financial help

Agree with Bill that best way to minimize maintenance costs is older boat that someone has already done a GOOD job of modernizing/upgrading/maintaining and would add that other option is boat ~10 yo or less well maintained/maybe little use and few if any poorly done "improvements" you will have to correct.
There are a number of boats like above because unfortunately a lot of people seem to have a dream of retiring to boatlife and attaining/fixing/buying that perfect boat comes too late for them to use for long.
We all approach that "bigger" or "boat of my OWN" with financial trepidation, in my case, to the point of "it''s now or never for that boat in the water, not on a trailer, you''ve always wanted".
04-07-2004 03:15 PM
mabwjm
financial help

Southern MD: As stated above, figures will depend on where, what kind of mooring, facilities/maint capability of the marina, etc. For us:

Annual slip fee (normal recreational elec, water): ~$83 per foot ($2900 for our 35'')

Winter haul/bottom/zincs/winterize systems/Spring relaunch (layup Dec-Apr, required by insurer): ~$1400

Taxes: Sales tax of ~5, 5.5% (if I recall)

Insurance: $1100.00, based on agreed value of boat.

Tough to say what your maint costs might be...we had a 67 Alberg that we put quite a lot into over several years; obviously a new(er) boat would take less out of your pocket in this arena. Best advice I can offer for buying a used boat is find one that someone has recently upgraded/modernized--they shouldn''t realistically expect to get their investment back, and you can score a very nice boat that you''ll be able to spend more time sailing than working on.

This is a really nice marina, almost all sail, family-owned with an excellent shipyard. You can probably find nice areas for a little less.

Hope this helps--
Fair winds,

Bill
04-06-2004 06:18 PM
capttb
financial help

Ballpark figures for So. Calif.:
1. Slip w/ electric @ $10-$12/foot/month ~ $320/month + $150-$175/month if liveaboard.
2. Bottom cleaning $40-$50/month
3. Haul out - here where boat is in water year round usually every other year, $1,000 for haul & bottom paint + $500 to $1,000 misc. repairs (Zincs, Blisters, Thru hulls, strut bearings, keel bolts, stuffing box, etc.) NW and other areas where you must winterize whole other story.
4. Having senior moment, can''t remember insurance cost, part of all encompassing policy I can''t check right now, not as bad as Car Insurance.
5. Misc. monthly repairs & improvements - Whatever you got left.
I''m sure I''m forgetting stuff, my sails are at sailmaker right now getting cleaned, repaired & new sunband on Genny, ~$400 as others have pointed out there is such a wide range of variables that it''s really a localized thing. I used to think my area real expensive, from another board looks like the folks in New England have about the highest costs for slips & moorings.
04-06-2004 01:50 PM
hamiam
financial help

The range is so wide that this is a pointless exercise. If you waited on a list for 15+ years like I did you can have a mooring in Newport, RI for about $300 year. A slip would run you in excess of $5000 for May-Oct.
04-06-2004 08:27 AM
thalassolikos
financial help

omitting repairs and stuff like that, what would the fees like taxes and marinas and the rest add up to...give me a ballpark number.
04-05-2004 10:50 PM
WHOOSH
financial help

T:

It''s not really possible for you to get an accurate answer to your question on a BB like this, as an estimate useful to you will depend on:
1. the berthing arrangements you will use (specific harbor, mooring or slip, etc.)
2. the condition of the Cal 34 you are considering purchasing, and the condition you want it to be in (which may mandate upgrades, repairs...or perhaps ignoring things that are broken); and
3. how good you are at fixing things, how full your tool box is, and also how willing and able you are to tackle projects that you will also be living right in the middle of.

Cal 34''s are quite elderly now; they''re also great sailing boats, IMO. An overly general
but also pretty accurate statement is that you will find them in one of two conditions: either fully refurbished and pricey (few) or in a condition where at least some significant work is either required or is looming on the horizon (all the rest). IOW it will be easy to underestimate the costs required to make it safe and useable.

But despite all that, good luck on the search!

Jack
04-05-2004 08:50 PM
catamount
financial help

But, as in real estate, location is nearly everything! Are you going to keep the boat on a mooring or in a slip (location)? If in a slip, do you need electricity? Will the boat have to be hauled and stored on land for part of the year, or not (it depends on your location!)? Will you be doing your own work (bottom paint, varnishing any brightwork, etc...), or will you be hiring the yard to do most of it?

Wooden Boat magazine just had an article on the costs for keeping a range of different boats (anywhere from $1800/year on up to $34,000/year depending on a lot of different variables).

For what it is worth, Great Bay Marine in Newington, NH, publishes their price list on their website: http://www.greatbaymarine.com/

for a 35 footer:
Seasonal Mooring $1200 (Slip $3850)
Haul, Storage, and Launch $1015
prep and paint bottom $665
compound and wax topsides $595
etc...

As they say, it doesn''t take much before you''re talking about real money!

Hope this helps,

Tim
04-05-2004 06:59 PM
thalassolikos
financial help

what would the yearly operating costs be approximately for a vessel such as a cal 34. by this i mean marinas fees and all that good stuff. I''m not to concerned about location right now, as i am just looking for a range to see if i can afford a boat of that size. I work 5 months of the year, so i will probobly live on the thing as well, but It will be my, how do you say, most prized possesion.

 
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