If properly maintained the boat and engine can last for 20-30 years.
How expensive are boats to maintain. The cost of keeping a boat in a marina boat slip is dependent upon your location and the length of your boat. Here is everything you need to know about how expensive sailboats are to maintain and some tips to help you reduce those costs. So overall a boat owner has to go through hassles regarding money.
Boat slips are very convenient. If one that is in the water then it would equate to. And while its impossible to predict just what your costs will be many boaters believe its smart to budget around 10-percent of the boats.
Owning a boat can around 4000-5000 a year for the average boat all the way up to 10000 or more for a luxurious yacht. In the largest marina on the Great Lakes it costs about 70 per foot of boat for a season rented boat slip. If you love taking your bad boy out youre likely to spend over 2000 on fuel every month.
This is however one form of expense which you can have a personal impact on. A whole lot of people over maintain their boatsmotors. It sounds like a lot but for diehard boat lovers its definitely worth it.
On average it costs between 1000 and 5000 every year to maintain a cruising sailboat. The cost of maintenance has the potential to be lot less predictable than most of the costs above. Sailboats arent cheap but the capital costs are spread out over a longer period of time.
Normally it is around 10 a year of the boats value. The Hub estimates the average boat owner spends between 200-400 on upkeep services a year. This includes electric fresh water storage box and gated security.