Name:	FBcoach9 -	Reply
Subject:	Boat dock financing?
Date:	3/13/2020 12:51:36 PM

How in the world are people paying for these? It blows my mind how expensive it is for the most basic design for a boat slip. Someone please help me on this topic! Are people financing these? HELOC's? 

Also, I know it depends on location and water level but is it worth doing? (As far as value of the house goes and possibly resale)

I currently have a little ol swim pier out there. I'm not sure I can afford to have one of these docks built if I may not get my money back.

I believe I could get it back if they cost under $10,000! But, I cant find a "in good shape" single slip under 10 grand! 

Need advice!

Name:	mike stephens -	Reply
Subject:	Boat dock financing?
Date:	6/19/2020 10:17:29 AM

Yep, really expensive and getting more so. Most folks who are buying or building are including it in their mortgage. Replacement or upgraded docks are coming from HELOC or cash reserves. My neighbors just upgraded theirs and spent more than 80k for it before adding electricity and  a second boat lift, and sold their 12 year old double boat house with swim dock for 32k.

Prices of everything on the lake are nearing or are in a "bubble" and market is becoming overheated, mostly due to such low interest rates, and inevitably, a collapse will happen as it did in 2009 and 2010.

As long as interest rates are this low and peoples jobs are not in jeopardy, prices will keep going up. As soon as jobs get shaky or interest rates rise, or both, bargains will beging to show up.

Just be patient.

MWS