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Hi All
Don’t you just hate it when a newbie joins a forum with all the ‘whats it like/how much does it cost’ questions? Well I’m going to try and do it the other way around with ‘this is my best guess at costs – how far out am I?’
But before that a little bit of back ground info
Deb and I both in our early 40’s no dependants (daughter doing well for herself in uni) no geographically close family to worry about, working about 110 hours a week between us to and neither of us enjoying it or earning much from it. I’ve always been a bit of a nomad, and probably a bit of a hippy at heart. It’s a long way off but by 2017 we could be mortgage free on a property of about £150k and have about £50k saved for a boat.
I am pretty handy around the house so feel I have the some of the skills needed to fit out a narrow boat and all of the determination (I’ve fitted my own kitchen, bathroom, wet room and central heating system, rebuilt motorbikes although not really engines)
So the idea is to buy a boat to re-fit or a sailaway and spend up to a year doing the work before hitting the cut for a bit of continuous cruising. At today’s rate the property that is mortgage free will net about £650 per month rental, which should pay for a rental property to live in near a canal so I haven’t got too far to travel to the boat. Deb has agreed that she is happy to carry on working for that year to cover living costs so I can put 50hrs a week into the boat.
A question for later is ‘what chances have we got of earning about £300 per month whilst cruising – do you have any ideas’
But first please take a sec to read my list and let me know if there is anything I’ve forgotten and what you think of my figures.
57ft boat 30k
Fit out and furnish 20k
Per month av
Insurance 15
Ww licence 65
Boat safety cert 10
Breakdown cover 15
Hull black 10
Mobile phone 15
Mobile internet 15
Pump out 40
Gas 25
Coal 75
Diesel heating 65
Engine oil change 20
Diesel propulsion 25 (based on 10hrs per month)
Essential shopping 160
Thanks for your time effort and thoughts in advance.
James
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