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Buying a houseboat

Survey

As when buying a traditional property, it is essential that you have an independent survey carried out before you commit to buying a houseboat. The condition of the boat is likely to be reflected in the price so, if one seems unbelievably cheap, then it’s probably for a reason.

Surveys start from a couple of hundred pounds for a modern boat but, if you are buying an older model, then be prepared for it to be craned out of the water – raising the cost to around £1,000. However, if the results aren’t satisfactory then you are in a position to renegotiate the asking price.

Running costs

If you have a permanent residential mooring then you will be liable to pay Council Tax, but you will only have to pay VAT if your boat has a motor. In addition, monthly outgoings for basics such as gas and electricity will have to be budgeted for, along with rent for the mooring.

Extra costs include insurance, Boat Safety Certificates and a Boat Licence. Maintenance costs can be expensive too, especially if you have an older boat and lack the specialist skills needed to implement the repairs.

And finally…

Unlike houses, houseboats don’t have title deeds, so it is vital that you are vigilant in checking that you are buying off the actual owner – otherwise you stand to risk everything that you have invested.

It is always a good idea to rent a houseboat before you take the financial plunge and buy one, simply to ensure that this is a way of life that actually suits you. Despite rising prices and increasing popularity, you may find it harder to sell a houseboat compared to a conventional property – so make sure that you are in it for the long haul.

This is especially true if you are considering taking children or pets on board with you. As well as the obvious safety aspect to consider, not all members of your family may adjust easily to a life afloat.


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