Monday, 18 January 2010

The next move

I am thinking about the medium term of boat ownership. I enjoy the boat I have (small semi trad), but, I am starting to think about alternatives and perhaps selling my current boat while I save for a larger boat.

I started looking for boats in the spring of 2009 and worked out my budget and the running costs that I could afford. A smaller boat has significant running cost savings re mooring fees and to a lesser extent licence fees and insurance, as well as lower capital costs in proportion to age (a cheaper larger boat is likely to be very old, difficult to insure and maintain and could be a money pit).

Alternatives:

Sell up and save the annual running costs towards a larger boat
Keep my current set up and consider a partial re fit to optimise space available
Have the boat lengthened (very few yards seem to do this now and there could be licence, registration, insurance and safety issues)

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