[Truth Prevails]

A factor that some don’t initially consider is where the boat will be kept. Dockage rates can vary widely depending on location and duration of time. You can do a quick Google search of your local marina’s pricing since some have their rates online. If you are located in south Florida near Denison’s main office, a slip at the Bahia Mar or Miami Beach Marina can be twice the cost as the Harbour Towne Marina. Because dockage is taxable at 7% and electric is metered in Florida, the range for dockage costs varies greatly.
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[andika]

If your boat is worth $500,000, you should expect to pay anywhere from $5,000-$10,000 annually. Surprisingly, factors such as the age of the vessel and the owner’s experience play heavily into the end cost. If you are looking to spend $1,000,000 or more on a boat, it will receive a more favorable rate. more

[xterm11]

When purchasing a boat, there are various costs to keep in mind. From closing costs and taxes to documentation, insurance, and slip costs, there are many costs that boaters don’t consider before taking the plunge. Because we don’t want to see any client blindsided by costs, we’re here to help steer you in the right direction. here

[bitboy]

No one makes a large purchase without getting insurance, so you will need to keep those varying costs in mind as well. Our insurance specialist weighed in on this to give rough estimates of Florida-based vessels. Insurance (in Florida) typically runs 1%-2% of the hull value.

[yvethwarren]

As far as closing costs go, it all depends on the deal. Taxes and documentation are added to the final purchase price. State taxes vary upon location, but if you are in Florida you can read more about sales taxes here.

[Syke]

Documenting your vessel is an important aspect of boat ownership. Each scenario is different, therefore the costs for documentation have a varied range. The cost could range between $500-$3,000 depending on exactly what services the Doc Agents are providing for registration, but this is just an estimate. here

[jemenake]

Let's start with a list of everything you'll need to buy up front. The cost of the boat itself is the first concern after you've examined the various types of boats available and selected the appropriate size and design for you and your family. more

[Bartke]

It’s a tough call for a boat buyer, especially a first timer to choose whether to buy a new or used boat. There’s no right or wrong answer. It all depends on you: your tastes, your budget, and your mechanical aptitude. What makes your smile wider? A mint condition new prize or a smartly purchased bargain from a dealer you trust? it is up to you to determine. Here are some things to think about.

[dasdedee]

Some folks can purchase their boat outright. If you have the choice, this is a terrific way to go because you won't have to pay any interest or loan servicing fees. Of course, the majority of us will need to finance the purchase.
Remember that buying a used boat can save you a lot of money up front; however, keep in mind that older boats have higher maintenance and repair needs. You also won't be covered by a warranty. more

[riggasconi]

The expense of owning a boat, whether you buy a new or old boat, isn't nearly as high as many people believe. The average cost of a boat, even considering the initial purchase, isn't out of reach for most middle-class people thanks to today's boat financing alternatives. However, there are other elements to consider, and they might differ depending on the size and type of boat you possess. That's why creating an accurate "cost of owning a boat" calculator is practically hard. If you want a precise estimate of the true cost of owning a boat, you'll need to consider the following factors.

[saullysaul78]

Another thing that should be addressed is insurance. There are a lot of great companies out there who would love to collect your premiums and give you a promise should anything arise, that they will be there for you. The procedure and repercussions of filing a claim should be considered as well. What type of record does the company chosen have in regards to claim filing? Is it easy? Do they have a representative that understands boats? Do they know boats and fiberglass repair? If I file the claim, will I get canceled? Ask others who you know have insurance with that company, and make sure they are reputable and will work with you on your claim. Talk to the insurance representative prior to purchase, and ask him the aforementioned questions. [links]

[jef.blanc]

Being able to afford the payment is very important, but gasoline, oil and maintenance should also be taken into account with the purchase. Taking into consideration today’s gas prices at or above $3.50 a gallon, and with the mileage of today's tow vehicles, it can be a costly proposition even before putting the boat in the water. There is nothing worse than having a brand new boat and not being able to put it in the water because it costs too much to operate. It should be part of the family budget and should not be a surprise when the boat is parked in the driveway.

[gjenedavidsong]

Buying a boat should be a wonderful experience but it is critical for owners to go into the purchase with both eyes open and make sure they cover all of the details, not just the boat purchase. here

[syndicat.com]

more

[MoneyTree]

here

[bitplane]

Most experts agree you shouldn't plan on making a quick and fabulous return on your investment. They say the best return on investment will come if you plan on owning your dockominium for seven to 20 years. Long-term ownership may involve a need or desire to rent your dockominium to someone else. Make sure you check on any rules and restrictions for leasing out your slip.

[r4king]

To determine if it's better to rent or buy a slip, Laven says to make sure you carefully make the cost comparisons. Purchase costs should include down payments, interest rates, closing costs, title insurance, real estate and sales taxes, maintenance, and special assessment fees. As with any large purchase, consult an accountant or tax attorney regarding the financing of a dockominium. here

[MrMagic]

Back in 2003 the real-estate market was trundling along at a healthy pace; docks were no exception. According to the Wall Street Journal that year, the price of a boat slip had grown by more than 20 percent for the previous two years. In places like Southwest Florida they'd almost doubled. Marina developers were facing environmental, access, and permit hurdles. Larger boats were eating up slips that could previously host several, and the number of boats between 2001 and 2003 had increased by 300,000, while the number of slips remained the same. more

[dob]

In the end it turned out to be something of an expensive parking spot, but at the time it seemed like a great idea. My husband and I had returned from two years cruising and needed a place to keep our 48-foot powerboat on a more permanent basis. Coming from the warmer climes of Central America, we wanted somewhere within a days drive of Pennsylvania, our permanent base at the time, that would allow us an escape from the harsh North Eastern winters. We had a fairly substantial wish list. It should be somewhere within walking distance of a lively downtown, on the ICW but close to an inlet with ocean access, allow liveaboards, dogs, and have Wi-Fi. A pool would be a nice bonus. here

[Alex8844]

"If you're going to be in boating for the long haul and want a secure slip, it could be a very good time," says Marshall. "If you're looking at it from an investment point of view, and hoping the market will come back like it was, there's no telling." Wet slips have fared better than their dry-slip cousins, also known as rackominiums," says Marshall. "They're more stable because they tend to cater to larger boats that you can't put on a trailer so easily." Boat owners paying fees to dry store on racks have the option of leaving the boat on a trailer in their own yard, and when the economy tanked they exercised that option in droves. [links]

[Binford 6100]

Joseph Kalo, a Graham Kenan Professor of Law and Co-Director of Coastal Resources Law, Planning and Policy Center in North Carolina, says that because dockominiums are often in marinas on public-trust lands and waterways, and involve riparian rights, an individual slip owner may not be able to hold title to the slip. Instead, the purchaser is buying the exclusive right to the slip space, and rights in common with other slip owners to use the marina's common areas. It's important to know what you are actually purchasing. [links]

[happyrlt]

The wooden wheelhouse on some boats, has to be regularly varnished due to the effects of the sun and rain.

[DerrickEaton]

Boat needs to be hauled out every four years for cleaning and repainting of the hull with a tar-based paint. Four years may seem like a long time, but it is not normally necessary to do this more often.

[motherhumper]

A steel superstructure and little woodwork outside, except for doors, hatches and handrails. Maintenance of the exterior is usually minimal, with just some painting to be done each year.

[aksjfhasdkfjh8]

For a 20 metre boat costing 100,000 euros with no loans to pay off: [links]