Marina slip fee increases

[phoenix]

i am storing my boat for the first time when i called it was $40 per foot and few days later i brought it in and it was $45.

[Descant]

Originally Posted by phoenix

i am storing my boat for the first time when i called it was $40 per foot and few days later i brought it in and it was $45.

It would be interesting to know what you get for that price. Indoor? Outdoor? Shrinkwrap? Heated or unheated building? Launch and retrieve? Are you on a trailer? What marina?

[bilproject]

Island access is something the Meredith Islands Association has been working on since it's beginning. With the expansion of rental fleets and the general increase in boat sales, the number of available rental slips has decreased. Most marinas are also not taking on new valet customers so access to the islands is becoming more difficult. Trailering to the lake is not an option for many who live far away and parking for a trailer for extended time periods is also limited. Many island properties have been passed down through generations and are not owned by what might consider rich people so increasing costs are putting pressure on many to consider selling. The state and towns have not allowed new marinas or expansion of existing marinas.
All of these factors are creating a bubble of sorts that if it breaks will have a negative impact on both island property owners and the local economy. If you can not reasonably access island property you can't sell it for market value. The price of island property will decrease dramatically as will the tax base of the towns with islands. The effect of a drop in tax base is magnified on a town's budget since an island property only adds to the revenue side of the town's budget, not the expense side, ie. little services, no school children. All of the towns would maintain their fire boats to provide fire protection for mainland homes and businesses that are on the water and sometime difficult for fire apparatus to access. They would also maintain their public launch ramps and parking for the large number of town residents that day boat.
Many will say the islands have been there for a long time and access has always been an issue and yet prices go up and there have always been buyers. That would be a correct statement except the current business model for marinas is to have rental boats available in water which generate 30K of revenue vs 6k for slip rental and to hold slips open so boat buyers can be offered a slip on purchase of a new boat.
The towns and state need to decide if they want tourism and property values to continue to increase or have it stagnate and possibly decline due to people feeling it is just too much trouble to have an island property on the lake. If they are fine with the status quo ok. If not than they need to allow for expansion of existing marinas or creation of new marinas on the lake, and expansion of town provided parking and docking to ease island access.

[codeman671]

Originally Posted by bilproject

Island access is something the Meredith Islands Association has been working on since it's beginning. With the expansion of rental fleets and the general increase in boat sales, the number of available rental slips has decreased. Most marinas are also not taking on new valet customers so access to the islands is becoming more difficult. Trailering to the lake is not an option for many who live far away and parking for a trailer for extended time periods is also limited. Many island properties have been passed down through generations and are not owned by what might consider rich people so increasing costs are putting pressure on many to consider selling. The state and towns have not allowed new marinas or expansion of existing marinas.
All of these factors are creating a bubble of sorts that if it breaks will have a negative impact on both island property owners and the local economy. If you can not reasonably access island property you can't sell it for market value. The price of island property will decrease dramatically as will the tax base of the towns with islands. The effect of a drop in tax base is magnified on a town's budget since an island property only adds to the revenue side of the town's budget, not the expense side, ie. little services, no school children. All of the towns would maintain their fire boats to provide fire protection for mainland homes and businesses that are on the water and sometime difficult for fire apparatus to access. They would also maintain their public launch ramps and parking for the large number of town residents that day boat.
Many will say the islands have been there for a long time and access has always been an issue and yet prices go up and there have always been buyers. That would be a correct statement except the current business model for marinas is to have rental boats available in water which generate 30K of revenue vs 6k for slip rental and to hold slips open so boat buyers can be offered a slip on purchase of a new boat.
The towns and state need to decide if they want tourism and property values to continue to increase or have it stagnate and possibly decline due to people feeling it is just too much trouble to have an island property on the lake. If they are fine with the status quo ok. If not than they need to allow for expansion of existing marinas or creation of new marinas on the lake, and expansion of town provided parking and docking to ease island access.

I wish Meredith valued islanders as much as Gilford does. When I was an islander in Gilford having full use of Glendale was a huge benefit. Although we are on Bear now, we are still Gilford taxpayers for another property so we still have partial use of the facility (car parking and launch privileges but no island only dock use).

We bought a slip a few years ago because of the growing uncertainty of slip availability. I highly recommend others do the same. Rental slips always seem to pop up out there though.

[Descant]

As mentioned by bilproject, those who have an island camp that has been passed down may have difficulty buying a mainland slip.
Some in Gilford rely 100% on Glendale and it is very busy on weekends. Also Gilford has three full service marinas as well as three condo slip operations. Many of the condo slips are rentals.
Island residents can get together and develop their own facility (e.g. Diamond Island, and I think, Rattlesnake).
There are group solutions but probably nothing that can be accomplished in just one season.

[codeman671]

And then there's this!

https://winnipesaukee.com/forums/vbc...do=ad&id=12186

$15k for a the season? It had better come with a boat to use!

I have 3 slips, I'd happily rent them if they are bringing that much!

[TiltonBB]

Originally Posted by codeman671

And then there's this!

https://winnipesaukee.com/forums/vbc...do=ad&id=12186

$15k for a the season? It had better come with a boat to use!

I have 3 slips, I'd happily rent them if they are bringing that much!

WOW! Just WOW! I would doubt they will get anywhere near that. I have a 54 foot slip in Laconia that I rent out for less than half that amount. Maybe I am the dummy!

[Descant]

Originally Posted by TiltonBB

WOW! Just WOW! I would doubt they will get anywhere near that. I have a 54 foot slip in Laconia that I rent out for less than half that amount. Maybe I am the dummy!

Let me know when it's available. Maybe I'll get a bigger boat. LOL

[searaylife]

Newbie to the forum but thought I would chirp in. Paying $10,300 for my slip this year. Just to give a prospective of prices out there. This is for a 30 ft sea ray, no amenities. Just happy to have a spot, in scheme of things it isn't a lot compared to the rest of boating, but yeah wish it was cheaper, wish boating in general was less expensive but you know what they...

[fatlazyless]

Ok, so's just a little off-topic, here, but still on-topic, here, on the high, high, high price for your boat slip at a marina! .....

How to beat the high price for a boat slip and still hit the Lake Winnipesaukee, big lake, waters. Don't want to pay the big bucks for a boat slip, but still want to hit the waters in/on beautiful Lake Winnipesaukee!

Well ...... did you know that a stand-up paddle board is considered by the U.S. Coast Guard to be a paddle "vessel" just like a 30' Sea Ray for example is a "vessel", and is a low price vessel for hitting this big lake, Lake Winnipesaukee.

All you need is a roof rack on your car and it costs $2.00, 8-quarters/hours, to park, unload, and launch your sup from a paid parking spot at the beach parking lot at Weirs Beach, on the Weirs channel, and very close to the open water and outer swim rope, out front the swim area and over towards the Mount Washington cruise vessel at the sandy beach at Weirs Beach. ......

Is even cheaper at $1.00, 4-quarters/hour when you park it a short distance away at a parking space on the nearby Lakeside Ave. So ..... one dollar/hour or even two dollar/hours is way, way, way cheaper than a boat slip at a marina ...... plus the sup is a great paddle and balance, aerobic workout and a good way to keep from getting too FAT because it involves exercise while YOU is out in a vessel on the big lake, sharing the water with all the other vessels, out there. ....

[Descant]

Welcome, searaylife.
I'm curious where your slip is, if it is for the season or 12 months? One just came on the market at MVYC for $170K. B14, I heard.

[searaylife]

Originally Posted by Descant

Welcome, searaylife.
I'm curious where your slip is, if it is for the season or 12 months? One just came on the market at MVYC for $170K. B14, I heard.

Thanks

I would rather not say where, maybe they read this forum and didn't want it posted. I really am happy to have the slip. It is perfect for me. I am able to use the slip for the summer I don't have much use for it in the winter. 😂 It does not include winterizing if that is what you mean.

Thanks for pointing that out, I have no interest in a condo slip, buy it and keep paying fees, dealing with HOAs, their costs and all that fun.

[TiltonBB]

Originally Posted by searaylife

Thanks

I would rather not say where, maybe they read this forum and didn't want it posted. I really am happy to have the slip. It is perfect for me. I am able to use the slip for the summer I don't have much use for it in the winter. �� It does not include winterizing if that is what you mean.

Thanks for pointing that out, I have no interest in a condo slip, buy it and keep paying fees, dealing with HOAs, their costs and all that fun.

I wouldn't be so quick to reject the idea of a condo slip. I had a slip at Mountain View for over 20 years. When I didn't need it anymore I rented it out because it was in a great location, out front between Mountain View and Silver Sands, backed up to the beach.

The taxes were in the $1,000 neighborhood and the condo fee was $2,000. $3,000 per year looks like a bargain now based on today's slip rental prices. And, no additional cost for winter storage was a part of that. Once you own a slip you will always have access to it if you choose to use it.

I had a 34 foot boat in it (37 OAL) with a 12.5 foot beam. At this time renting a slip for that would probably run somewhere above $8,000. In my opinion, if you plan on boating on the lake for the foreseeable future, and you can do it, owning a slip is well worth it.

[Descant]

Originally Posted by TiltonBB

I wouldn't be so quick to reject the idea of a condo slip. I had a slip at Mountain View for over 20 years. When I didn't need it anymore I rented it out because it was in a great location, out front between Mountain View and Silver Sands, backed up to the beach.

The taxes were in the $1,000 neighborhood and the condo fee was $2,000. $3,000 per year looks like a bargain now based on today's slip rental prices. And, no additional cost for winter storage was a part of that. Once you own a slip you will always have access to it if you choose to use it.

I had a 34 foot boat in it (37 OAL) with a 12.5 foot beam. At this time renting a slip for that would probably run somewhere above $8,000. In my opinion, if you plan on boating on the lake for the foreseeable future, and you can do it, owning a slip is well worth it.

Well said. In other threads, it appears winter storage can be several thousand dollars, so year round is a big bonus.

[Descant]

Originally Posted by codeman671

And then there's this!

https://winnipesaukee.com/forums/vbc...do=ad&id=12186

$15k for a the season? It had better come with a boat to use!

I have 3 slips, I'd happily rent them if they are bringing that much!

Must be I'm missing something. A 36' slip at MVYC is probably half that amount, depending on bulkhead or finger dock, and it includes winter storage. One can argue about the various amentias at YC's all around the lake, and which is "premier".

[codeman671]

Originally Posted by Descant

Must be I'm missing something. A 36' slip at MVYC is probably half that amount, depending on bulkhead or finger dock, and it includes winter storage. One can argue about the various amentias at YC's all around the lake, and which is "premier".

Someone dreaming...Nobody will pay that. Even the unlimited length and width slips aren't bringing that. I am not sure who owns it but wonder if its the same person that wants $168k to sell one. None have ever gone close to that in GYC.

[TiltonBB]

Originally Posted by Descant

Must be I'm missing something. A 36' slip at MVYC is probably half that amount, depending on bulkhead or finger dock, and it includes winter storage. One can argue about the various amentias at YC's all around the lake, and which is "premier".

I had a boat at Gilford Yacht Club a long time ago and I have been there several times in recent years. I owned a slip at Mountain View for over 20 years. Mountain View is by far superior for everything from the beaches to the view.

But, if you are trying to get $15,000 for a season you have to say something to make people think it is worth it. It's all about marketing!

[codeman671]

Originally Posted by codeman671

And then there's this!

https://winnipesaukee.com/forums/vbc...do=ad&id=12186

$15k for a the season? It had better come with a boat to use!

I have 3 slips, I'd happily rent them if they are bringing that much!

The $15k slip is now down to $7500 and still not rented.

[thinkxingu]

Originally Posted by codeman671

The $15k slip is now down to $7500 and still not rented.

We've had a couple marketplace posts here for slips, one of which never responded to me—I've gotta think that was a last-ditch effort by a non-forum-member looking for any place to potentially rent.

The crash is near, methinks, so y'all please keep an eye out for a used '20-'22 Sea-Doo GTX170 someone bought and can no longer afford for me?!

Sent from my SM-G990U1 using Tapatalk

[trackeer]

Originally Posted by codeman671

I wish Meredith valued islanders as much as Gilford does. When I was an islander in Gilford having full use of Glendale was a huge benefit. Although we are on Bear now, we are still Gilford taxpayers for another property so we still have partial use of the facility (car parking and launch privileges but no island only dock use).

We bought a slip a few years ago because of the growing uncertainty of slip availability. I highly recommend others do the same. Rental slips always seem to pop up out there though.

Agreed, we have been boating on Winni for many years and laughed at the purchase of a slip for many years, 2 years ago the handwriting was clearly on the wall, buy a slip or perhaps have no slip. For those who haven't noticed several Marina's over the past few years have tossed renters for space for new boat sales.
Now, the cost of slips has risen sharply many in excess of a 100K, on Lake Sunpaee they sell for over 250K.
Supply and Demand, that is applicable to buying or renting, as the saying goes you must pay to play and boating isn't for the financially challenged.

[John Mercier]

Originally Posted by bilproject

Island access is something the Meredith Islands Association has been working on since it's beginning. With the expansion of rental fleets and the general increase in boat sales, the number of available rental slips has decreased. Most marinas are also not taking on new valet customers so access to the islands is becoming more difficult. Trailering to the lake is not an option for many who live far away and parking for a trailer for extended time periods is also limited. Many island properties have been passed down through generations and are not owned by what might consider rich people so increasing costs are putting pressure on many to consider selling. The state and towns have not allowed new marinas or expansion of existing marinas.
All of these factors are creating a bubble of sorts that if it breaks will have a negative impact on both island property owners and the local economy. If you can not reasonably access island property you can't sell it for market value. The price of island property will decrease dramatically as will the tax base of the towns with islands. The effect of a drop in tax base is magnified on a town's budget since an island property only adds to the revenue side of the town's budget, not the expense side, ie. little services, no school children. All of the towns would maintain their fire boats to provide fire protection for mainland homes and businesses that are on the water and sometime difficult for fire apparatus to access. They would also maintain their public launch ramps and parking for the large number of town residents that day boat.
Many will say the islands have been there for a long time and access has always been an issue and yet prices go up and there have always been buyers. That would be a correct statement except the current business model for marinas is to have rental boats available in water which generate 30K of revenue vs 6k for slip rental and to hold slips open so boat buyers can be offered a slip on purchase of a new boat.
The towns and state need to decide if they want tourism and property values to continue to increase or have it stagnate and possibly decline due to people feeling it is just too much trouble to have an island property on the lake. If they are fine with the status quo ok. If not than they need to allow for expansion of existing marinas or creation of new marinas on the lake, and expansion of town provided parking and docking to ease island access.

The tourism card isn't going to hold much water. If a magic wand was waved and no one was allowed to own any property on any island that was not accessible by road, I doubt that it would have more than a modest impact.
The number of people staying on the non-access islands is small relative to the number of people in the area during those summer months. They are just as likely to eat at the home as someone staying on the mainland... and many on the mainland do not have children. Property values are also a double edged sword... high property values can lead to low rates - a positive perception - but they can also make residents feel left out and disconnected.

I think a better argument is that it would change the social dynamics creating a loss of heritage. Residents, at least from my perception, tend toward nostalgia of simpler times.

[mswlogo]

I got this email from Lake Winni Association

This is state wide. But still, we know where most of them went.

The number of people obtaining their boat license has increased from 6500 in 2019 to over 30,000 in 2020. This represents almost a 500% increase in new and inexperienced boaters on our lakes.

[John Mercier]

We know increased demand causes price inflation, but I just do not see how you lower demand in that case.

[tis]

Originally Posted by mswlogo

I got this email from Lake Winni Association

This is state wide. But still, we know where most of them went.

No wonder it's gotten so scary out there!