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Old 02-07-2011, 08:34 PM
seth25 seth25 is offline
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Lake Powell Houseboat Ownership

Looking at the possibility of buying into a houseboat at Powell. Went there twice last year, once just beach camped, second time we did a houseboat. Very good times and we'd like to do it again at least twice this year.

Anyone with a houseboat there have tips for a first time buyer? I'm wanting to start off fairly cheap, so older/smaller boats are fitting into my price range at this point. Looking for a boat in either Bullfrog or Halls Crossing.

Thanks
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Old 02-07-2011, 08:43 PM
djkslc djkslc is offline
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We have 1/10th ownership in a houseboat kept at Bullfrog in the slips. Use it 3 - 4 times a year. I love that place. I have owned 3 different houseboats down there and have learned from some mistakes. I can help steer you in a direction if you want. Let me know and I can give you a call.
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Old 02-07-2011, 09:07 PM
seth25 seth25 is offline
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Thanks for the help, sent you a pm with my phone #
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Old 02-07-2011, 09:11 PM
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Part ownership in a houseboat? Never thought of that. Hey djkslc, what is the typical cost to own 1/10th of a houseboat?
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Old 02-07-2011, 09:14 PM
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TallRedRider TallRedRider is offline
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Seth,

If you are willing to come to Wahweap, let me know. We have a share on a terrific older boat for cheap the first week of August.
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Old 02-07-2011, 09:17 PM
seth25 seth25 is offline
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I am looking for a 1/10 share similar to what djkslc has. Most boats are 1/18 of a share, which only allows for 1 week, but the price is cheaper.

Price range is all over the board. I have seen old boats for $1500/share to tripple decker boats for $50k/share.
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Old 02-07-2011, 09:21 PM
djkslc djkslc is offline
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Part ownership is the way to go. We could only use it 4 times at best per year, and they are so dang expenseive to moor and maintain that a shared ownership is the only way for us to go.

As far as price goes for each share it is typically what ever the full boat value is divided by however many onwers. For the one I am currently in the boat is worth about 100K (1999 60 foot Sommerset) so I paid about 10K for my share. It costs about 27K a year to keep in the slip and properly upkept so each owner pays 2700 a year for the fees and insurance and upkeep.

As with any boat it is a money pit, but my kids have so many memories about our family trips to Powell that it is worth it.

Now it does suck if you have an owner that doesn't keep the boat the way everyone else does. Right now every one is on the same page, but we've had some bad owners in the past. The joy of shared ownerships.
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Old 02-07-2011, 09:31 PM
seth25 seth25 is offline
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Bullfrog or Halls is what we are looking at. We live in Denver and Bullfrog is 8 hrs away. The south end of the lake is a good 12 hours from us.

Thank you for the offer, but I will pass at this time.
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Old 02-07-2011, 11:37 PM
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Quote:
Originally Posted by djkslc View Post
Part ownership is the way to go. We could only use it 4 times at best per year, and they are so dang expenseive to moor and maintain that a shared ownership is the only way for us to go.

As far as price goes for each share it is typically what ever the full boat value is divided by however many onwers. For the one I am currently in the boat is worth about 100K (1999 60 foot Sommerset) so I paid about 10K for my share. It costs about 27K a year to keep in the slip and properly upkept so each owner pays 2700 a year for the fees and insurance and upkeep.

As with any boat it is a money pit, but my kids have so many memories about our family trips to Powell that it is worth it.

Now it does suck if you have an owner that doesn't keep the boat the way everyone else does. Right now every one is on the same page, but we've had some bad owners in the past. The joy of shared ownerships.
Thanks djkslc, I appreciate the information.
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Old 02-08-2011, 01:48 PM
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h2oskifreak h2oskifreak is offline
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Quality partners is what you are looking for. A boat that has had good care regardless of age. Look for a partnership that has reserve funding in their dues. Repairs that are not delayed. Regardless of age of the houseboat upkeep is the key. Do your homework on how they schedule weeks, fees (ins. and bouys or slips are expensive). Really know what you are getting into. It is a great lake but just know what you are doing first.
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