evening all
I know no question on this forum hasn't been asked before in some form or another.
forgive me :-)
I have been looking for a narrowboat to liveaboard (preferably with a chuffing engine in its very own room, one can but dream)
I've got my head around running/maintenance costs of living aboard, no problems here.
We set a ceiling for purchase of £40k.
We've looked at quite a few but found nothing that was right for us.
Now, in my folly, I've started to look at £60k boats. It's not that we couldn't afford to buy a £60k boat provided when we sell it its worth £60k. I know that boats depreciate in a way houses don't so we set the £40k figure and said "no more"
I've searched the forums (for an answer to my upcoming question) and a couple of comments caught my eye:
"A new boat has lost half its value after ten years, and another quarter after another ten. After that it's all down to how well it has been maintained, and how desirable it is"
"Age-related depreciation in boats doesn't decline in the same way as it does with cars; it tends to decline more gradually and hit a floor where it will level out, because a good condition well cared for boat of any age will still hold value. After that it's all down to how well it has been maintained, and how desirable it is."
Here is my question (don't throw peanuts/beer cans at your laptop screen, screaming "not this question again!!!")
So let's assuming we bought a solid boat and maintained it, What kind of age does a boat need to be before buying it alone doesn't cost you a fortune? Or is it just not this simple?
I've learnt loads from reading/posting questions on this forum. But I also realise that most of narrowboat living seems to be "suck it and see", that's fine for everything else. but please someone help me to not lose money I've been working for (and specifically saving for a narrowboat) my entire working life..........