My first boat is my S2 6.7. Retractable Keel so I can trailer it so haul outs are basically free. Boat was free (Thanks Dan and Cathy!!) I’m down in Texas and club is $1200 a year (with slip equipped with a hydrohoist and trailer storage) with 2 mandatory club “work days” per year. So far on maintenance I’m around $5000 into it after 18months of ownership. New sails are a major part of that (thanks to Kerr sails out of Tulsa) The rest has been running rigging, acouple of blocks, some light glass work/gel coat repair and outboard maintenance. This winter I’ll be doing some light cosmetic work so costs should be limited to sand paper and some lacquer. The 2 footitis is real! Already wanting a much bigger boat! This little boat still has quite a bit to teach me!
I'm in Eastern Lake Ontario region, costs have gone up a lot in the last 2 years. Right now marina fees and insurance are about $6000 CAN for my 30 footer. This excludes any maintenance or add ons to my boat.
Mystic, CT, 2002 Hunter 356, Summer mooring with dinghy $1,920, winter storage, inc. haul-out, powerwash bottom, relaunch, mast up, $2,400. Insurance, $650. I do all maintenance... add another $400. CT State registration fee, $170. Boat is 35' X 12' beam but charges are for length only. Total $5,540. My summer and winter yards, both in Mysic are still family owned. As noted below, private equity has been buying up marinas and raising prices all along the Connecticut shoreline.
You must also include the interest for a loan or what we call the renonciation cost i.e. the revenue you can have if you put your money in a mutual fund instead of buying a boat.
Trailer sailing can be cheaper but lots of more work so when you factor in your labor you dont save any money,you just spend more time setting up/tearing down rather than sailing. I trailer sailing a chrysler 26,takes me 2 hours to right and launch and 2 hours to retrieve and tear down I don't get to do much sailing due to all the labor...I'm 40 years old and in great shape btw... For me spending 5g a year for a marina slip seems like a cheap deal compared to trailer sailing considering I'll get to use the boat much much more
I bought a 15' dingy brand new for $13k (including trailer and accessories) and keep it on my property. Two years in, no maintenance or storage costs whatsoever. Although I did have to return a block for warranty replacement (it would have cost $120 to purchase a new one.)
When I got the first "round trip" estimate from my boat yard ($20,000 a winter!), I quickly learned to DIY and control my costs! There are a lot of unexpected costs , and unique logistics you need to handle when you own a boat!
Boat yard mooring and launch - $3k, insurance $3k, DIY regular maintenance items - $300/yr. Labor DIY (with no repairs) about 100 hours a year on my boat (half is varnish!). Storage $800/mo (I pay for all 12 months!) heated inside storage. Haul and launch is about $1500 each. Obviously repairs can vary wildly. fuel is minimal, maybe $200.
Very nice He sounds like situation and close for the boat. I am in Monroe Michigan (right across from you Tim) and he might as well have said MBC as far as the numbers.
One friend sold his almost brand new 28 Gibsea sailboat and told us. If I keep her I just don't have money to go sailing in south during winter while mine is ground here ! I thing he was right.
Thanks. Another useful video. One of the cost challenges, at least in the Long Island Sound area, is the growth of private equity controlled marina chains that are driving up seasonal fees.
Seems like these investors will soon realize that is a very localized business with thin margins. Tough to apply a west marine like business plan to each one. I cannot image they hang around for too long before the marinas are in the market again.
@@Tb0n3Bought my 30ft Cape Dory’ a year ago. It was at Shelburne Shipyards ( now a corporate owned enterprise) and came w dockage. Still there till I find a club or other marina..
My first boat is my S2 6.7. Retractable Keel so I can trailer it so haul outs are basically free. Boat was free (Thanks Dan and Cathy!!) I’m down in Texas and club is $1200 a year (with slip equipped with a hydrohoist and trailer storage) with 2 mandatory club “work days” per year. So far on maintenance I’m around $5000 into it after 18months of ownership. New sails are a major part of that (thanks to Kerr sails out of Tulsa) The rest has been running rigging, acouple of blocks, some light glass work/gel coat repair and outboard maintenance. This winter I’ll be doing some light cosmetic work so costs should be limited to sand paper and some lacquer. The 2 footitis is real! Already wanting a much bigger boat! This little boat still has quite a bit to teach me!
Thanks for sharing, Tim. See you next time 😊
I'm in Eastern Lake Ontario region, costs have gone up a lot in the last 2 years. Right now marina fees and insurance are about $6000 CAN for my 30 footer. This excludes any maintenance or add ons to my boat.
Mystic, CT, 2002 Hunter 356, Summer mooring with dinghy $1,920, winter storage, inc. haul-out, powerwash bottom, relaunch, mast up, $2,400. Insurance, $650. I do all maintenance... add another $400. CT State registration fee, $170. Boat is 35' X 12' beam but charges are for length only. Total $5,540. My summer and winter yards, both in Mysic are still family owned. As noted below, private equity has been buying up marinas and raising prices all along the Connecticut shoreline.
You must also include the interest for a loan or what we call the renonciation cost i.e. the revenue you can have if you put your money in a mutual fund instead of buying a boat.
Trailer sailing can be cheaper but lots of more work so when you factor in your labor you dont save any money,you just spend more time setting up/tearing down rather than sailing.
I trailer sailing a chrysler 26,takes me 2 hours to right and launch and 2 hours to retrieve and tear down
I don't get to do much sailing due to all the labor...I'm 40 years old and in great shape btw...
For me spending 5g a year for a marina slip seems like a cheap deal compared to trailer sailing considering I'll get to use the boat much much more
I’m in a City owned marina on Lake Ontario. I have a 27 ft C&C and my costs excluding maintenance is about $5500 per Year
I bought a 15' dingy brand new for $13k (including trailer and accessories) and keep it on my property. Two years in, no maintenance or storage costs whatsoever. Although I did have to return a block for warranty replacement (it would have cost $120 to purchase a new one.)
When I got the first "round trip" estimate from my boat yard ($20,000 a winter!), I quickly learned to DIY and control my costs! There are a lot of unexpected costs , and unique logistics you need to handle when you own a boat!
Boat yard mooring and launch - $3k, insurance $3k, DIY regular maintenance items - $300/yr. Labor DIY (with no repairs) about 100 hours a year on my boat (half is varnish!). Storage $800/mo (I pay for all 12 months!) heated inside storage. Haul and launch is about $1500 each. Obviously repairs can vary wildly. fuel is minimal, maybe $200.
Very nice
He sounds like situation and close for the boat.
I am in Monroe Michigan (right across from you Tim) and he might as well have said MBC as far as the numbers.
One friend sold his almost brand new 28 Gibsea sailboat and told us. If I keep her I just don't have money to go sailing in south during winter while mine is ground here ! I thing he was right.
Thanks. Another useful video. One of the cost challenges, at least in the Long Island Sound area, is the growth of private equity controlled marina chains that are driving up seasonal fees.
Seems like these investors will soon realize that is a very localized business with thin margins. Tough to apply a west marine like business plan to each one. I cannot image they hang around for too long before the marinas are in the market again.
Thanks for the teaser Tim, hope it drives PS traffic, it looks useful. That 2006 Hunter 27 looked very nice btw.⚓ 🇦🇺
Tim im trying to buy a hunter 33 in montreal and im banned from entering canada ...how do i do this?
👍👍👍 Excellent topic, thank you!
So far my biggest expense is the marina, gas is about 100-200$ per season
That for cnc 30
The costs you quoted are fantastically lower than in the Burlington VT and surrounds. It seems impossible! Another reason to move to Canada!
Yeah. My 30-footer cost me $7,000 this year for dockage and then winter storage. In Malletts Bay.
@@Tb0n3Bought my 30ft Cape Dory’ a year ago. It was at Shelburne Shipyards ( now a corporate owned enterprise) and came w dockage. Still there till I find a club or other marina..
yea the costs were laughably low. The storage cost he paid for the season is about what I pay for a week! HAHA
My costs north of 10,000 30 ft cat in a full service marina
a LOT less than our boat yard! Obviously depends on what they do!
Keep in mind .. State or Coast Guard registration cost of the boat😊
if you and your boat qualify for USCG documentation, that is.
Let me save you time. The cost is… a lot. It’s not cheap moving for free with the wind
I'm having a relapse lol
Cost is 0 if the boat is moored, never feed marinas never own a sailboat and donate them to sailing academies, never buy gear make your own
Like standing in a cold shower ripping up hundred dollar bills.