Are Houseboats A Good Investment?
Are Seattle Houseboats A Good Investment? In a word: Yes. I have more renters contacting me for houseboat living and each day the list grows longer and longer. Why? Because it’s different, cool, convenient, and what better way to live waterfront-style than renting someone else’s investment.
This blog is not so much directed at the renters wanting to know those houseboats for rent…it’s directed more to those INVESTORS who want to secure a great real estate purchase in Seattle’s well known houseboat community. It’s been documented that you post an ad for a rental houseboat on craigslist, postlets, or facebook and you will get it occupied in two days flat.
Is now a good time to buy a houseboat? Another word: Yes. Seattle Metropolitan Credit Union lends on houseboats with a 25% downpayment and a 45% debt to income ratio with a credit score of 680 or better. Many times folks will buy a houseboat with cash because they’re affordable so lending isn’t required. Do they appreciate over time? GOOD QUESTION. It’s such a personal choice for a buyer and they can look for years. So the appreciation is in the eye of the beholder…or just in the next owner. However just like anything you want to buy it must be in the best shape possible, curb appeal, great marketing, and above all – value/good price needs to be established.
Seattleafloat.com has a quite impressive houseboat for sale that, yes is currently rented, and is a SUPER investment in Gas Works Park Marina. Own your moorage, own your houseboat, and make a profit.
Call or email me for a private showing on one of the best kept secrets on Lake Union.