to buy or not to buy a slip

Discussion in 'All Things Boats & Boating' started by Boston, Aug 15, 2010.

  1. Boston

    Boston Previous Member

    couldn't find a category for marina properties, costs and such but I did kinda think it could be a simple question of stability to be buying a slip before I build the boat

    so I thought stability was as good as any category to place this under

    I found a 38 covered slip 1000 sq ft for ~20,000

    having just begun looking for something I thought I might gather a little input from the more experienced hands around here

    speaking of which who is responsible for the maint of the pilings, this thing was build in 45
     
  2. hoytedow
    Joined: Sep 2009
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    Location: North of Cuba

    hoytedow Wood Butcher

    If you build a boat in a slip everybody will laugh at you.
     

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  3. TeddyDiver
    Joined: Dec 2007
    Posts: 2,565
    Likes: 113, Points: 73, Legacy Rep: 1650
    Location: Finland/Norway

    TeddyDiver Gollywobbler

    :D :D
    LMAO ROF x10
     
  4. Boston

    Boston Previous Member

    category should have been bad boat jokes
     
  5. Submarine Tom

    Submarine Tom Previous Member

    Boston,

    Who IS responsible for maintenance of piles, etc? Is it a co-op or what's the arrangement?

    What are the monthly fees? Is there a board? Who manages it, a management firm?

    Is the land owned or leased? What are the property taxes? Do you have any longevity or could you all get 30 days notice?

    These are only some of the questions before you my friend.

    Exercise due diligence as ignorance is not bliss in situations like these.

    This could be a great opportunity or something you want nothing to do with.

    Best of luck.

    -Tom
     
  6. Boston

    Boston Previous Member

    Ya I have several calls in to the marina now for just that kind of info
     
  7. peter radclyffe
    Joined: Mar 2009
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    Location: europe

    peter radclyffe Senior Member

    i wont, buy it
     
  8. Boston

    Boston Previous Member

    Twisted bunch rnt ya ,Na I was thinking Ild want a covered slip anyway. And maybe i could temp floor it over and do my building on that Even if I can't it seemes like an awfully good price I have a cal in for more info so no worries. In case no one noticed I over think everything so it's not like I won't spend the day Monday on the phone
     
  9. hoytedow
    Joined: Sep 2009
    Posts: 5,402
    Likes: 195, Points: 73, Legacy Rep: 2489
    Location: North of Cuba

    hoytedow Wood Butcher

  10. peter radclyffe
    Joined: Mar 2009
    Posts: 1,405
    Likes: 58, Points: 58, Legacy Rep: 680
    Location: europe

    peter radclyffe Senior Member

    your sorted, that slip here would cost half a million euros
     
  11. Boston

    Boston Previous Member

    I was thinking of throwing earnest money at it just so I would ensure I had time to investigate it and still have the option
     
  12. Boston

    Boston Previous Member

    It's a new listing as of today as far as I can tell
     
  13. tinhorn
    Joined: Jan 2008
    Posts: 575
    Likes: 20, Points: 18, Legacy Rep: 310
    Location: Massachusetts South Shore.

    tinhorn Senior Member

    If it's a bargain (or just something you GOTTA have), you should certainly make your offer. Just be sure to include important contingencies and "subject to's" to protect yourself. Don't get silly with them; just include deal-breakers.

    Good luck. Sure makes sense to me to build your boat in a dedicated building, unless they have rules against such activity.
     
  14. WestVanHan
    Joined: Aug 2009
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    Location: Vancouver

    WestVanHan Not a Senior Member

    If plagued by piles it makes sense that those afflicted by them should maintain them.

    According to TV,Preparation H should work.
     

  15. Boston

    Boston Previous Member

    I could credit card $500 and at least maintain the option. Seems like something at least worth serious consideration. Ernest money is pretty much playing an anty in, win or loose, you don't get it back
     
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