Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 23-10-2010, 15:36   #1
Registered User
 
Ocean Roads's Avatar

Join Date: Apr 2008
Location: Cape Coral-Fort Myers Beach, FL
Boat: Westsail 28
Posts: 277
Images: 9
Monthly Expenses Living on Land vs Living on a Boat in a Marina

So I am planning and planning with my last few months in my apartment, and moving aboard a boat in December or January. Boat is not bought yet, but that is the easy part as I see it: small budget, small pool of boats to pick from.

So I have figured out all my fixed monthly payments I am paying now, and which ones will go up, down, and no longer exist when living on a boat at the marina.

Apartment rent will turn into slip fee, going down
Water and electric will go down, or may even be included with the slip
Internet, down, already have a AT&T air card I use and its cheaper then ComCast! I don't really watch TV

Are there any expenses you have that you did not see coming?

I know the boat will need maintenance, but that is a separate refit budget I have figured out.

Anything you thought you could live without, but ended up needing?
__________________

__________________
We, the unwilling, led by the unknowning, are doing the impossible for the ungrateful. We have done so much, for so long, with so little, we are now qualified to do anything with nothing. Semper Paratus!
Ocean Roads is offline   Reply With Quote
Old 23-10-2010, 16:28   #2
Long Range Cruiser
 
MarkJ's Avatar

Cruisers Forum Supporter

Join Date: Dec 2007
Location: Australian living on "Sea Life" currently in England.
Boat: Beneteau 393 "Sea Life"
Posts: 12,828
Images: 25
Quote:
Originally Posted by Ocean Roads View Post

Are there any expenses you have that you did not see coming?
Yeah. all of them. Oh, I do budget to eat some food, but all the rest are curve balls. I try and dodge 'em but they're too good.




Good luck with it.

Mark
__________________

__________________
Notes on a Circumnavigation.
OurLifeAtSea.com

Somalia Pirates and our Convoy
MarkJ is offline   Reply With Quote
Old 23-10-2010, 20:21   #3
֍֎֍֎֍֎֍֎֍֎

Cruisers Forum Supporter

Join Date: Apr 2006
Posts: 13,056
Hauling and bottom paint will be a routine need unless you plan to let the boat be a "house" boat. And the marina will probably require liability insurance before allowing you to dock there. If there is a local "Power Squadron" group in the area (I'm sure there is) look at taking one of their boating safety courses, or joining the group. That may get you an insurance discount as well as some good local information.
__________________
hellosailor is offline   Reply With Quote
Old 24-10-2010, 00:23   #4
Registered User
 
mrwright's Avatar

Join Date: Oct 2010
Location: Seattle
Boat: 1959 British Columbian Troller, 30' LOA, M/V "Puff"
Posts: 18
for me the cost is probably 1/3 - 1/4 of what it was to live on land. and the environment in a marina is amazing.
__________________
mrwright is offline   Reply With Quote
Old 24-10-2010, 08:16   #5
Registered User

Join Date: Mar 2010
Location: Florida
Boat: Pearson 323 - Island Breezes
Posts: 178
Insurance, already mentioned. I've yet to get my first electric bill(just moved into a metered electric marina), but from what I've heard they can be higher than you'd think because you're paying commercial rates and not residential.

So don't automatically assume that'll go down.

I'm trying to budget for large future expenses. Bottom jobs, obviously, but at some point I'll need a new engine, new sails, maybe deck work, new standing rigging, new running rigging, etc etc. That stuff doesn't last forever.

But I consider that like owning a home. Water furnaces die, roofs need replaced, back yard decks rebuilt, termites controlled, etc etc.
__________________
LauderBoy is offline   Reply With Quote
Old 24-10-2010, 08:51   #6
Senior Cruiser
 
osirissail's Avatar

Cruisers Forum Supporter

Join Date: Feb 2009
Location: A real life Zombie from FL
Boat: Gulfstar 53 - Osiris
Posts: 5,416
Images: 2
All you are doing by living aboard in a marina is shifting condo/apartment/home costs to marina costs. All the other costs, food, auto, etc. stay the same.
1. Marina slip rent versus apartment rent - sometimes higher in upscale marinas; lower in dumpy, rundown marinas (actually very equivalent to good apartment versus slum).
2. Utilities - electric and water. You will buying these from the marina which is going to add their own "profit" percentage to the utility company's rates so expect sometimes a significant increase in utility costs. Propane/fuel for cooking and heating.
3. Live-aboard Fees. Most marinas must be approved for live-aboards by various levels of government agencies. One of the most expensive costs is the installation of sewerage pipes to each slip for pumping out your holding tank. For this reason alone a lot of marinas prohibit live-aboards and only allow stored/non-live-aboard boats.
4. Parking fees, club fees, and a dozen other minor fees that you do not have when living in an apartment.
5. The biggie differences are boat maintenance and upkeep which is now your cost versus the apartment manager/owners problem.
6. Over the years, I have built up an opinion that living on board in a marina is more expensive than renting an apartment of the same size. And this is the big *** - the same size (square footage) apartment as the boat.
__________________
osirissail is offline   Reply With Quote
Old 31-10-2010, 04:35   #7
Moderator
 
Hudson Force's Avatar

Cruisers Forum Supporter

Join Date: Nov 2008
Location: Lived aboard & cruised for 45 years,- now on a chair in my walk-in closet.
Boat: Morgan OI 413 1973 - Aythya
Posts: 7,894
Images: 1
I don't have the experience of "living on land" to state much in the way of comparing, but over the last forty years we have lived at about 18 different marinas, mostly in Florida. Of course, prices have changed from 10 to 15 cents/foot/day for transient marina stays or $50-$80/month for a forty ft. slip in the early 1970's. Presently, we do see a wide variety of costs on the US East Coast. For our current 41' boat we have seen rates (all fees included) from about $300/month up to $1,500/month with the most amenities for the dollar found from Virginia to North Florida. For the last eight years we have been spending about half our time anchored out and half at marinas. Most of our marina choices that we select for a monthly rate are in the $550 to $750 per month range. We do not choose to pay the higher rates that are common for slips north of the Chesapeake or at the South Florida "resort" marinas.
__________________
Take care and joy, Aythya crew
Hudson Force is offline   Reply With Quote
Old 31-10-2010, 05:46   #8
Registered User
 
doug86's Avatar

Join Date: Nov 2009
Location: Between Block Island and Bahamas
Boat: Marine Trader 40' Sedan Trawler, 1978. WATER TORTURE
Posts: 715
You don't own an apartment, so you don't have the incentive to spend on it's infrastructure. But, you will own the boat, and there are temptations to spend on shinny gadgets and upgrades when wear & tear demand that items be replaced. These expenses will certainly be more than you have been spending each month replacing lightbulbs in an apartment. With a boat, one is just as likely to buy a whole new light fixture than just replace the bulb. If the fixture is old and rusty, the bulb may be the only thing NOT needing replacement. This same theory goes for plumbing too. An entire new $150 faucet is purchased because you can't find a 30 cent rubber valve seat to fit in a 30 year old faucet built in Taiwan.

Oh yeah, and then you buy a dock cart to haul that stuff... and a propane BBQ that was on sale at West Marine... and while installing the BBQ on the aft railing, you smash the stern light with a wrench... now you're going back to WM to buy a new stern light... none of this stuff was listed as part of your re-fit budget.

If you haven't done much work on a boat before, figure on spending money on tools too.
__________________
"When one is willing to go without, then one is free to go." - doug86
doug86 is offline   Reply With Quote
Old 01-11-2010, 22:20   #9
Eternal Member
 
wolfenzee's Avatar

Join Date: Feb 2008
Location: Port Ludlow, WA (NW corner of Puget Sound)
Boat: 30' William Atkin cutter
Posts: 1,496
Send a message via ICQ to wolfenzee
I live in Washington State and living on a boat is the most cost effective way to life (here)....my cost for slip rental, live aboard fee other taxes and fees as well as metered power in the winter with electric heat are about $350/mo....you would be hard pressed to get a room to rent in a house here for $350/mo (not including utilities). I have my own place which when I am finished the modifications I am doing will be big enough for two...
__________________
"It is better to die living than live dieing" (Tolstoy para-phrased by Jimmy Buffet)
"Those who think they know everything piss off those of us who do"
wolfenzee is offline   Reply With Quote
Old 03-11-2010, 17:44   #10
Registered User
 
endoftheroad's Avatar

Join Date: Dec 2008
Location: Key West
Boat: Westsail 32 and Herreshoff 28
Posts: 1,159
marina's are trailer parks!
no matter how nice the trailer/boats may be.

on the hook is the only way for me.
__________________
endoftheroad is offline   Reply With Quote
Old 03-11-2010, 19:06   #11
Registered User

Join Date: Apr 2009
Location: Pompano Beach, Florida
Boat: Gulfstar, Motorsailor, 53 ft - Morning Star
Posts: 14
Raised 5 kids living in a marina, all agree best times we ever had, but not a money saver. Eventually bought a home with a dock when the rest of the kids arrived. You'll enjoy the lifestyle but don't go into it thinking you'll be saving. Having said this I must qualify it in so far as we were living in a luxury marina in the heart of Miami that was close to virtually everything.
__________________
Papa Joe is offline   Reply With Quote
Old 03-11-2010, 19:56   #12
Eternal Member
 
wolfenzee's Avatar

Join Date: Feb 2008
Location: Port Ludlow, WA (NW corner of Puget Sound)
Boat: 30' William Atkin cutter
Posts: 1,496
Send a message via ICQ to wolfenzee
Quote:
Originally Posted by osirissail View Post
All you are doing by living aboard in a marina is shifting condo/apartment/home costs to marina costs. All the other costs, food, auto, etc. stay the same.
1. Marina slip rent versus apartment rent - sometimes higher in upscale marinas; lower in dumpy, rundown marinas (actually very equivalent to good apartment versus slum).
2. Utilities - electric and water. You will buying these from the marina which is going to add their own "profit" percentage to the utility company's rates so expect sometimes a significant increase in utility costs. Propane/fuel for cooking and heating.
3. Live-aboard Fees. Most marinas must be approved for live-aboards by various levels of government agencies. One of the most expensive costs is the installation of sewerage pipes to each slip for pumping out your holding tank. For this reason alone a lot of marinas prohibit live-aboards and only allow stored/non-live-aboard boats.
4. Parking fees, club fees, and a dozen other minor fees that you do not have when living in an apartment.
5. The biggie differences are boat maintenance and upkeep which is now your cost versus the apartment manager/owners problem.
6. Over the years, I have built up an opinion that living on board in a marina is more expensive than renting an apartment of the same size. And this is the big *** - the same size (square footage) apartment as the boat.

It is possible to figure out a direct equivalent of fees and costs for land vs boat, some are actually equal. Basing this on living in a house last year. rental for a 1br house (was a really good deal btw) was only 3 times my slip rental, water/sewer/trash was about 1.5 times the live aboard fees, power on land was 6/8 (winter/summer) times as expensive. The cost of propane cooking on a boat is repetitively cheap. If you could afford to live in a boat that had the same square footage as a 1br house you probably would not know how much a small house would cost (or even care).
__________________
"It is better to die living than live dieing" (Tolstoy para-phrased by Jimmy Buffet)
"Those who think they know everything piss off those of us who do"
wolfenzee is offline   Reply With Quote
Old 03-11-2010, 20:50   #13
Senior Cruiser
 
osirissail's Avatar

Cruisers Forum Supporter

Join Date: Feb 2009
Location: A real life Zombie from FL
Boat: Gulfstar 53 - Osiris
Posts: 5,416
Images: 2
It's the old apples and oranges thing. Moving from a 1 br or 2 br house to a 30-40 foot boat in a marina seems like it would be more economical, but you are not really comparing, comparable things. If you moved from a 35 foot trailer/rv in a trailer/rv park to the boat then it might be comparable. There are some old road side "motels" that are now "apartments" which consist of a bedroom, kitchette, bathroom, and sitting area. These are quite inexpensive and have about the same sq footage as a average boat.
- - I do think the quality and privacy of living onboard a boat is better than in a small house trailer or RV in a run-down park. And for house to boat it would be better comparing a land condo/house to one of the California or Pacific NorthWest 3 story "houseboats" would provide a better cost comparison to land house versus marina vessel. Again, if the sq feet don't approximate each of the places then you are simply down/up sizing and any cost comparisons are not valid.
__________________
osirissail is offline   Reply With Quote
Old 03-11-2010, 21:24   #14
Registered User
 
capnorv's Avatar

Join Date: Sep 2010
Location: Bainbridge Island Washington on the Salish Sea
Boat: Hardin 45 Voyager Alice B., Gig Harbor 10, Orca 7 1/2 sloop, 16' sea kayak
Posts: 364
Images: 1
My wife and I lived aboard in a marina for 5 years, probably cost us 1/2 as much as on land, but I agree with a previous poster, on the hook is the way to be
__________________
capnorv is offline   Reply With Quote
Old 03-11-2010, 23:26   #15
Eternal Member
 
wolfenzee's Avatar

Join Date: Feb 2008
Location: Port Ludlow, WA (NW corner of Puget Sound)
Boat: 30' William Atkin cutter
Posts: 1,496
Send a message via ICQ to wolfenzee
Trying to compare square footage just doesn't work. The kitchen floor in the house I lived in before I had the boat was 15' x 12, compared to 28"x 24" om my boat...as far as kitchens go the galley in my boat is far superior to the one in the house (not even including that I can reach everything with out moving my feet). I am truly comfortable for the first time in my life...a feeling I never had in a house. If you figure in the differance in comfort that living on land cost me it makes living on a boat an even better deal. The neighbors on the docks are laid back, relaxed, down to earth...it is a close knit comunity, the way I always remember live aboard comunities being and the way neighbors on land used to be...a long time ago. Living on a boat is the first time I have been happy with where I live...considering the tremendous amount of variables it really starts to get complicated and even if we only consider the original question land vs live aboard direct dollar comparison.....that varies tremendously depending on where you are located and what land dwelling you are comparing it to.
For me I will say this, on my extremely limited budget I would be hard pressed to have anything more than a room to rent/house to share arangement and even then my funds would be limited and it would not be my space. I am happy and comfortable in my own home plus have enough money to be able to apply it to things I would not otherwise.
__________________

__________________
"It is better to die living than live dieing" (Tolstoy para-phrased by Jimmy Buffet)
"Those who think they know everything piss off those of us who do"
wolfenzee is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Living in Civilization vs in the Wilderness / Deserted Island ? watersofdiego Off Topic Forum 91 07-11-2010 10:32
Anyone Living in San Leandro Marina? Banff Liveaboard's Forum 5 19-03-2010 06:56
Anyone Living Aboard @ Regatta Pointe Marina - Palmetto, FL shipofools Liveaboard's Forum 0 10-12-2009 07:00
Monthly Sailing Expenses? (Estimates or Guides) vveerrgg Multihull Sailboats 5 21-08-2008 14:58
Living on Land - Why Did I Leave the Water Again?? ssullivan Off Topic Forum 32 19-12-2007 13:45



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 17:16.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.