Buying a houseboat in Seattle can be a unique and exciting experience, but it’s important to do your research and understand the challenges and opportunities of houseboat living before making the leap. This guide will provide an overview of the process of buying a houseboat in Seattle and offer some tips for making the most of your new floating home.
Choosing A Location For Your Houseboat
Houseboats are typically moored in designated areas, such as recreational marinas, long term leased slips and owned moorage, so it’s important to research the options and choose a location that meets your needs. Consider factors such as moorage terms (month to month, long term lease etc) which affect lending, cost of moorage, parking, whether you can rent, pets are permitted, proximity to amenities, access to public transportation.
Selecting The Right Type And Size Of Houseboat
Houseboats can range from small, basic boats to large, luxurious floating homes, so it’s important to consider your budget and lifestyle when choosing the right houseboat for you. You should also consider the size and layout of the houseboat, as well as the amenities and features available.
Financing Your Houseboat
When it comes to financing your houseboat in Seattle, you may face some challenges. Traditional mortgage lenders will not loan on a houseboat or floating home, as they are considered a non-conforming property type. However, there are some lenders who specialize in financing houseboats and floating homes, so talk to your houseboat and floating home specialist to see what lender options are available. Additionally, you may be able to use alternative financing methods, such as a line of credit, asset loan or a cash purchase to buy a houseboat in Seattle.
Finding Insurance For Your Houseboat
Another important aspect of buying a houseboat in Seattle is insurance. Like financing, finding insurance for a houseboat will be different than for a land-based home, as houseboats and floating homes are considered a specialty property type. However, there are some insurers who offer underwriting with specific coverage for houseboats and floating homes, so you will want to talk to your floating property specialist for referrals to a broker who carries the underwriter specific to houseboats.
Understanding The Rules And Regulations For Houseboats In Seattle
Once you’ve successfully bought a houseboat in Seattle, there are a few key things to keep in mind to make the most of your new floating home. First, it’s important to understand the rules and regulations that apply to houseboats in Seattle, including Best Management Practices, Marina Rules, and building codes.
Preparing For The Challenges And Rewards Of Houseboat Living In Seattle
Living on a houseboat in Seattle can provide a unique and beautiful living experience, but it can also come with some challenges, suchlake level raises and lowers up to 3’ seasonally, so adjusting fenders and mooring lines is critical, freshwater tanks with pressure pumps in the event water is shut off in inclement weather. However, with the right preparation and mindset, living on a houseboat in Seattle can be a fulfilling and rewarding experience.
Tip
- Did You Know: The hull type affects value. If you have an alluminum or steel hull you will pay more when you buy, however this hull type is preferred by lenders and insurance. Wood with fiberglass hulls cost more to maintain with more frequent haulouts, painting and maintenance.
- Bonus Tip: Flotation type will affect your rates and both the insurance and lender will require the full inspection report.
Conclusion
In conclusion, buying a houseboat in Seattle can be a unique and exciting adventure, but it’s important to do your research and be prepared for the challenges and opportunities of houseboat living. By considering factors such as location, type and size, financing, and insurance, you can make informed decisions and maximize the enjoyment of your new houseboat in Seattle. You should always work with a floating property specialist when buying a houseboat or floating home.
