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Houseboat shared ownership
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| | Houseboat share
ownership
| Owning a share of a houseboat
is one of the best annual
vacation investments a family can make. This is not a timeshare, but
rather an actual ownership of your own houseboat, along with 15-20 other
owners. Buying a share in a houseboat can be easily justified if you
can commit yourself to visit Lake Powell every year for the next
3yrs. There is an initial "buy-in"
purchase amount for the share, then you also have to pay annual dues, which pays
for insurance, slip fees, maintenance, etc. These annual dues are
usually less than half what an equivalent houseboat would cost to rent for 1
week. So after several years you are money ahead (considering your
equity), not to mention having a boat that is likely better equipped and
appointed with your taste in mind.
After you buy your share
you usually get "owner voting rights". Decisions about features and upgrades
to the houseboat are usually decided by "majority vote" by the
owners, annually. These upgrades usually happen in the
winter. This outlines the basic way multi-owner houseboats are
managed but remember..... all multi-owner houseboat rules and regulations vary
from one to another. So learning about how things are run should be
clearly understood BEFORE buying any houseboat share.
Other things to know...
Only registered owners can use the boat, you cannot
rent or loan out your houseboat share (a national park service regulation). The registered owner must be present to use the
boat for liability purposes. Most boats are organized under a
limited liability corporation which require the owner to be aboard.
Most LLC corporations have a set of
rules and regulations on use, conduct, number of bodies on the boat, pets,
smoking, etc. These rules usually
have no surprises and are welcomed "T's & C's" to protect your
investment.
As you may know the only other option to get a
houseboat on Lake Powell is to rent from ARA, the official National Park concessionaire
of Lake Powell. Nobody else can legally rent houseboats on the lake, which
is a
National Park regulation. You will find that renting can be difficult at
Wahweap Marina during peak season, summertime. The demand outweighs the supply, often having to reserve a
boat over a year in advance. Check out the weekly prices too,
they are usually much more than annual ownership dues.
But, before you buy a houseboat, I advise to rent one first to make sure
houseboating is right for your family. It also gives you a chance to
learn how to skipper a houseboat with ARA's equipment. If it turns out you
like houseboating on Lake Powell so much that you know you will visit every
year.....shared ownership may be the answer.
Many have found a multiple ownership houseboat is a
great option. Generally these multi-owner houseboats are bigger and nicer than rentals.
They generally have more amenities too because you and your partners vote on
equipment and upgrades. An example is.. rental houseboats do not
have on-board gas pumps to fill your boat or PWC from a separate reserve gas
tank, something I wouldn't be without. To further this issue, it is against ARA rules to bring gas
cans on their rental boats. This can be a real problem if you have
lots of toys that need gas. Other amenities unlikely on rentals are
satellites dishes, trash compactor, big canopy on top deck, tools, beach chairs,
inflatable toys, air pump, vacuum, huge BBQ's, heavy duty anchoring, etc.
When buying a houseboat share you buy a specific week
that use every
year. Generally speaking, prime weeks (summer) are more expensive than
non-prime weeks. So the prices fluctuate based on the
week for sale, August usually being the most expensive.
Below is a link to boats on Lake
Powell with available shares for sale.
If you have a houseboat share for sale, email
us for details on how to sell your houseboat share on this page.
Boats with
shares for sale
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