How much do you spend on average???

[Hoolie]

As a guide I'm prepared to spend up to the mooring costs on maintenance and improvements. Though this year I think it's a bit over as I've an electric windlass, a new calorifier and a lot of bits for re-organising the battery charging

 

[charles_reed]

Parker 31, in Med, in commission 6 months pa.

Mooring € 1,815.72
Maintenance € 3,483.67

Last year included an insurers' survey, replacement extinguishers, LPG piping and attention to the keel mechanism.

 

[gavin_lacey]

A reasonable guide to the true cost of owning a boat is 10% of the new cost per year. This will provide for moorings, insurance, maintenance etc. In the first few years of a boats life the maintenance should be far less but this allows money to be put aside for the large and expensive items which come along later. ie new sails, re rigging, re engine, replacing teak decks etc. You will always meet people who claim that the cost is far lower (sails 26 years old but still perfect - yeah) but if you just cost up the price of the running rigging and warps you will see it is not cheap to keep a boat in good condition. If venturing offshore and desiring the normal standard of safety equipment then liferaft servicing, flare replacement, epirb batteries all go to make the 10% rule a good guide.

 

[Coaster]

A reasonable guide to the true cost of owning a boat is 10% of the new cost per year.

I think this is a realistic approach to overall cost of ownership, if a boat is being kept in a marina and in good order. But how should the "new cost" be assessed for a boat which has been out of production for 20 or 30 years, and for which there is no obvious current production boat equivalent?

Another point to make is that for hands-on owners a large part of the 10% cost can be made up by expediture of their own time, if they have the necessary hours and abilities.

But it's always possible to buy an old boat, if lucky use it for a year or two with mimimal expense, then sell it on, for an overall cost of ownership very much less than the "10% rule".

 

[moluag]

Im curious, i know this topic has been mentioned a few times. But i thought id ask again!

On average, per year, what do you spend on your boat?

Just on maintenance, dont want to know about mooring fees or fuel, just pure maintenace.

And just an average, i cant really do an average at the moment as ive had to buy lots of new toys for my cruise, obviousley, once the toys are bought it should just be a mainteanace schedule.

Id like to know per year what should be put by for the boat.

Please include the size and type of your boat!!

MAINTENANCE not very much just anti foul say £50

but oh sh** this year engine refurb £1400, new main £600, battery £85, solar panel + bits £100, cables £60 engine lift and back in £90 new sprayhood £450,new outboard engine £500. My BOAT IS 25ft TOMAHAWK, SORRY I CANT GO ON

 

[gavin_lacey]

Maintenance costs depend on the condition of the boat in the first place and how much of the work you do yourself. If you look at wooden boats this is very marked. eg to restore a wooden boat I might spend 1000 on wood, glue and fastenings but a yard would add on 700 hours of labour at 30+ per hour. If I dont cost my labour I could make money. If I paid a yard I would lose substantially on resale. Depends on whether you see such works as part of the fun of boat ownership or a total pain. Having spent many years restoring and building wooden boats I bought a new plastic fantastic to go off cruising. Modern plastic boats are comparatively low maintenance but the opportunities for saving money are less unless you are a rigger, sailmaker and engineer.

 

[Ubergeekian]

On average, per year, what do you spend on your boat?

Could you ask again when I've had Jumblie for more than six months? The annual average is looking a bit painful at the moment...

For the Jouster (21') over the past six years, in commission but little used: marina berth £450 (haha) per annum, insurance £80, minor repairs £50.