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Last Updated on April 16, 2025 by Paul Clayton
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How much does a used houseboat cost?
Prospective buyers wondering how much a used houseboat costs should conduct thorough research and possibly consult with a marine industry professional to get a realistic estimate.
Key Takeaway
The cost of a used houseboat can vary significantly depending on several factors, but generally ranges from $20,000 to over $100,000.
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- Houseboats are vessels that can function as a home. Their size can vary greatly, from small houseboats with a mattress to large houseboats resembling yachts.
- The price of a used houseboat depends on several factors, including age, size, condition, location, brand, and amenities.
- Some ongoing costs associated with houseboat ownership include maintenance, insurance, mooring fees, and potential repairs.
Before buying a used houseboat, it is important to:
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- Assess your needs in terms of size, amenities, and intended usage.
- Set a realistic budget considering purchase price, maintenance, insurance, and mooring fees.
- Find a reputable seller through a broker, online marketplace, or marina.
- Hire a marine surveyor to inspect the houseboat and identify any potential problems.
- Ensure all necessary documentation, including title, registration, and maintenance records, is in order.
- Explore financing options and choose a plan that aligns with your financial situation.
- Consider the maintenance requirements and factor in ongoing costs to keep the houseboat in good condition.
- Choose a mooring location that suits your lifestyle and budget.
New houseboats offer modern amenities, warranties, and lower initial maintenance costs, but have a higher price tag and experience rapid depreciation.
Used houseboats are more affordable and avoid the initial depreciation of a new model, but may require more maintenance and repairs.
How much does a used houseboat cost? You can find used houseboats for as little as $20,000 up to over $100,000, which isn’t a lot considering you get a home that can move if you don’t like the neighbors.
Houseboats vary in size from small fishing boats with a mattress stuffed inside to massive yachts that overshadow most two-story houses. Some resemble buildings, while others resemble vessels.
Some have huge sea-churning engines, while others have small piddlers that go no faster than 2 miles per hour. The floating barge with a moderately sized engine is the most common type.
These boats resemble homes, with a footprint of about 40 feet x 15 feet. Most have two levels, if not an outdoor deck on the second.
Minnesota is home to one of the best house boating destinations in the world. Boats can be purchased for as little as $20,000 up to $400,000. In Minnesota, there is no income tax and no property tax.
The Mississippi River watershed is the world’s fourth-largest, comprising more than 40% of the lower 48 states. Some boat owners prefer to go completely “off the grid,” installing solar panels and composting toilets.
The river’s basin includes 31 states and two provinces in Canada. Boat owners have told me that, depending on how much the boat is used, I can budget $1,000 yearly for repairs.
Boat insurance costs about $400 a year and is strongly recommended if you intend to captain your boat. Overall, the cost of living on a houseboat is about $6,000 per year.
Buying a Used Houseboat: Everything You Need to Know
Before diving into this unique market, it’s crucial to understand the key aspects to consider, ensuring a smooth and informed buying process.
Assessing Your Needs
Before searching, assess your needs. Consider factors like intended usage, size requirements, and preferred amenities. Knowing your priorities helps narrow choices, ensuring the selected houseboat aligns with your lifestyle and budget.
Budget Considerations
Set a clear budget. Include costs for purchase, maintenance, insurance, and mooring fees. Remember, older houseboats may require more upkeep, impacting your overall expenses. A well-defined budget prevents overspending and financial stress.
Finding Reputable Sellers
Search for reputable sellers through brokers, online marketplaces, or local marinas. Research seller reviews and histories. Trusted sources provide detailed information, helping you avoid scams and ensure a fair deal.
Inspection and Survey
Hire a professional marine surveyor to inspect the houseboat. They assess the vessel’s condition, identifying structural issues, engine problems, and potential repairs. A thorough survey ensures you’re aware of any hidden problems before purchase.
Legal and Documentation
Ensure all necessary documentation is in order, including the title, registration, and maintenance records. Verify there are no outstanding liens. Proper documentation is crucial for a legal and hassle-free ownership transfer.
Financing Options
Explore various financing options. Banks and marine lenders offer loans tailored to boat purchases. Understand interest rates, loan terms, and repayment plans. Secure financing that aligns with your financial situation and long-term plans.
Insurance Needs
Houseboat insurance is essential. It covers damages, liability, and potential accidents. Compare policies from different insurers, focusing on coverage details and premiums. Adequate insurance provides peace of mind and financial protection.
Maintenance and Upkeep
Understand the houseboat’s maintenance requirements. Regular upkeep is vital, including engine checks, hull cleaning, and system maintenance, which factor in these ongoing costs to keep the houseboat in good condition and extend its lifespan.
Choosing a Mooring Location
Select a suitable mooring location based on your lifestyle and usage. Consider factors like accessibility, amenities, and costs. A convenient and well-equipped mooring enhances your houseboat living experience.
New Houseboat vs Used Houseboat
New Houseboat
A new houseboat offers modern amenities, advanced technology, and customized design options. You have the assurance of a warranty, and maintenance costs are typically lower initially.
However, new houseboats come with a higher price tag, and depreciation is a concern as their value decreases rapidly after purchase.
Pros:
- Modern amenities and technology
- Customization options
- Warranty coverage
- Lower initial maintenance costs
Cons:
- Higher purchase price
- Rapid depreciation
- Potential long delivery times for custom builds
Used Houseboat
A used houseboat is more affordable and avoids the steep depreciation of a new model. It is available in a variety of styles and sizes.
However, maintenance costs might be higher, and older boats may need more repairs. It’s crucial to get a thorough inspection to avoid hidden issues.
Pros:
- Lower purchase price
- It avoids steep initial depreciation
- A variety of available styles and sizes
Cons:
- Potentially higher maintenance costs
- Possible need for repairs and upgrades
- Risk of hidden issues without proper inspection
Most Related Questions
How much does a houseboat cost to build?
As in every project, the cost can vary depending on the materials used, whether you do all the work yourself, the size of the boat you’re constructing, and other factors.
Most estimates for a single-story houseboat range from $10,000 to $20,000, although this can vary greatly. Some claim to have built a tiny houseboat for less than $5,000.
How much does a boat cost on average?
A commonly cited statistic is that you can budget for a certain amount of the boat’s value, typically about 20%, to cover annual expenses.
On the surface, it makes sense: the more costly boats will be kept in the most expensive marinas, while lower-cost boats will gravitate…
What exactly is a houseboat?
Houseboats are live-in boats with square sides and house-like features. They are usually big, flat-bottomed power boats with square sides.
They were built focusing on living space, comforts, and facilities rather than boat performance. Please take a look at our Houseboats Guide.
In the winter, how much does a boat cost?
Depending on the size of your houseboat, you can now pay anywhere from $1000 per year for a no-frills slip to $8-10,000 per year for a full-service high-end marina slip.
Remember to factor in winter storage fees if you intend to boat in an environment where the boat must be stored during the winter.
Is living on a boat difficult?
Finding a legal place to live on a boat is challenging. Living legally on a sailboat is difficult, particularly in a city like San Francisco, where everyone is trying to avoid exorbitant rent.
Many marinas have long waitlists for liveaboard slips, which cost twice as much as normal slips.
Is it possible to live in a marina?
Living on a boat in a marina can be much less expensive. The boat owner pays the monthly rent for a boat slip. After you sign a long-term contract, you will normally get a significant discount.
Electricity is another burden, and some marinas charge a liveaboard fee.
Do you have to pay council tax if you own a boat?
Since boats are not considered property, they are not subject to council tax. Some residential moorings are available, but these are few and far between, and Council Tax is usually included in the marina fees.
As a result, most boat dwellers do not pay Council Tax.
Is a houseboat worth the investment?
Investing in a houseboat can be worth it if it aligns with your lifestyle and financial goals. Houseboats offer a unique living experience, combining the tranquility of waterfront living with the mobility of boating.
They can be cost-effective compared to traditional homes in desirable waterfront areas. However, maintenance, insurance, and mooring fees can add up.
Houseboat values can be volatile and less appreciated than traditional real estate.
A houseboat can be a rewarding investment if you enjoy the lifestyle and are prepared for the associated costs and responsibilities. Otherwise, it might be a niche, less practical choice.
Final Thoughts
Several key factors influence the cost of a used houseboat. First, the age of the houseboat plays a significant role; older boats generally cost less.
This is because they may require more maintenance and might not have the latest features.
Second, the size of the houseboat is important; larger boats tend to be more expensive due to increased living space and the potential for more amenities. Buyers seeking spacious accommodations should be prepared to pay more.
Third, the condition of the houseboat is crucial. Better-conditioned boats command higher prices because they are ready for immediate use and likely have fewer repair needs. Regular maintenance and upgrades can significantly impact the cost.
The location also matters. Prices vary significantly by region and demand. Houseboats in popular or scenic locations are often more expensive due to higher demand and better resale value.
Additionally, the brand of the houseboat affects the cost; well-known brands typically have higher prices due to their reputation for quality and reliability. Buyers often pay a premium for trusted brands.
Finally, the included amenities can increase the overall price. Houseboats with modern kitchens, updated bathrooms, and advanced navigation systems are more expensive.
In summary, the cost of a used houseboat is determined by its age, size, condition, location, brand, and included amenities. By evaluating these factors, you can clearly understand what to expect when budgeting for a used houseboat.
