Aside from the cost of buying a narrowboat there are many others we need to consider in our budget.
Firstly, there are the costs of airfares, accommodation and car hire for the time we’ll need to look for the right boat. We’re hoping that if we do some homework before we leave, and immediately get stuck into our search on arrival, we should be able to look at any boats that fit our criteria and make a decision within a couple of weeks. We pretty much have the attitude that there are a finite number of boats available at any one time so it’s just a matter of choosing the one that best fits our requirements. We don’t want to get in a situation where we keep waiting to see if more come on the market in case something better comes along.
The next issue may be if we were to choose a boat that isn’t just sitting in a marina waiting for a buyer to come along and take it away. For example, a liveaboard selling their boat may need time to arrange other living accommodation. In this case our accommodation costs may be even higher.
Another major financial consideration will be if the boat we choose needs modifications or maintenance. It’s likely there will be some things we’d rather change so it will depend who urgent or important those things are. We’ll definitely keep this matter in mind when considering our boat buying budget.
We intend to book ourselves in for a helmsman’s course. I’ll look into what is available and the costs involved. Blog entry coming up.
How much will it cost to live? This subject has been covered in many variations on other blogs. The expenses we’ll need to consider are : insurance, BW licence, servicing and maintenance, diesel, other fuel (gas/coal), food, communications (mobile phone/internet). I'll post a separate entry on estimates for these.
How do you support yourself? Our budget includes enough money to support ourselves for 12 months. If we are able to pick up some work along the way, no matter how little or poorly paid, we could possibly extend our trip. The other option I’m hoping to pursue is to find work now, at home, that I could continue with while we cruise. Thanks Ray, you put this idea in my head! I have now resigned from my present job and once I’ve worked my notice, I’ll see what I can find to suit this possibility.
So there's a lot to consider and I'm sure this list will grow!