Paugus Bay Marina

[Old Sarge]

Don't forget that even though you buy a slip there are still marina dues/maintenance fees and TAXES!

[TiltonBB]

Originally Posted by Old Sarge

Don't forget that even though you buy a slip there are still marina dues/maintenance fees and TAXES!

At Mountain View Yacht Club the fee is $1,500 per year and taxes to the Town of Gilford run approximately in the $500 to $1,200 range depending on the value of your slip. The value is determined by both the location of the slip in the club as well as the size of the boat that the slip will hold. You also get free winter storage on the land there.

Everyone has different needs and expectations but once you have bought and paid for your slip you are guaranteed a location every year that costs you in the $2,500 range. That seems like a good deal. And, the town tax portion of that amount is tax deductible.

[Doobs41378]

Originally Posted by TiltonBB

At Mountain View Yacht Club the fee is $1,500 per year and taxes to the Town of Gilford run approximately in the $500 to $1,200 range depending on the value of your slip. The value is determined by both the location of the slip in the club as well as the size of the boat that the slip will hold. You also get free winter storage on the land there.

Everyone has different needs and expectations but once you have bought and paid for your slip you are guaranteed a location every year that costs you in the $2,500 range. That seems like a good deal. And, the town tax portion of that amount is tax deductible.

But the buying and paying for the slip is a pretty big ticket item with them being north of 75k.

[Biggd]

Originally Posted by TiltonBB

At Mountain View Yacht Club the fee is $1,500 per year and taxes to the Town of Gilford run approximately in the $500 to $1,200 range depending on the value of your slip. The value is determined by both the location of the slip in the club as well as the size of the boat that the slip will hold. You also get free winter storage on the land there.

Everyone has different needs and expectations but once you have bought and paid for your slip you are guaranteed a location every year that costs you in the $2,500 range. That seems like a good deal. And, the town tax portion of that amount is tax deductible.

It's only a good deal if the value holds steady. Just like everything else, fees and taxes will go up not down. Like others have said, rentals will fluctuate with the economy. As always, supply and demand is the driving force.

[Taz]

Taxes do not always go up, my slip taxes went down because the assessment was adjusted down. Before the recession they were $996 now they are $667.

[Biggd]

Originally Posted by Taz

Taxes do not always go up, my slip taxes went down because the assessment was adjusted down. Before the recession they were $996 now they are $667.

Well that means the value dropped. Don't worry, they will get back up there soon enough.

[Taz]

I could care less if the value dropped. I didn't buy it to sell it and make money. I bought it use it and I do. Even if I did want to sell now I will still make money at todays values. One of the best decisions I ever made because I paid peanuts compared to prices now, I never worry if the rental price is going up or if the owner is going to sell it, never worry that there is no place to put it. At this point I am ahead of the game compared to renting if I had rented all the years I have owned it.

[Taz]

I know of 2 slips in MVYC that sold for less than $40k in last 2 years, another $60k with a bulkhead. There are others asking below $75K, probably could be had for less. A dock is a different story.

[Biggd]

Originally Posted by Taz

I could care less if the value dropped. I didn't buy it to sell it and make money. I bought it use it and I do. Even if I did want to sell now I will still make money at todays values. One of the best decisions I ever made because I paid peanuts compared to prices now, I never worry if the rental price is going up or if the owner is going to sell it, never worry that there is no place to put it. At this point I am ahead of the game compared to renting if I had rented all the years I have owned it.

I don't have those problems as I have my own waterfront.

[TiltonBB]

Originally Posted by Taz

Taxes do not always go up, my slip taxes went down because the assessment was adjusted down. Before the recession they were $996 now they are $667.

I agree. I have a owned a slip at Mountain View since 1996, and I rented there prior to that. I have rented the slip out every year since 2003. The taxes have gone down for the last few years, it is now worth more than twice what I paid for it, and it makes a few dollars every year. What's not to like?