FROGMAN524
Well-Known Member
- Joined
- Mar 16, 2013
- Messages
- 6,493
- Reaction score
- 12,734
So I've been keeping my boat at Octane Marine in Phoenix since March. I pay a good amount every month to keep it there. It's nice that it's less than 10 minutes from my house but I only keep it locally because I thought I might use it locally. After taking it to pleasant a couple of times, and having been to the other lakes around Phoenix multiple times, I've realized they're too small, have no beaches and aren't worth the hassle of a day getting ready and cleaning the boat up. If I'm going boating in my boat, it will be on the Colorado river, mostly Mohave. My late mother and step father have a 40 acre ranch in the Hualapais east of Kingman and they spoke about, and he still speaks about, building a metal shop or stucco/wood-framed garage to use as storage and a shop. I stopped there on my way back from Mohave yesterday and I realized it would be awesome to be able to leave the boat there and not have to tow it the extra 180 miles each way every time I go to Mohave, Mead or Havasu. The only inconvenience would be towing it to Lake Powell as it would cost me an extra 4 hours doubling back from Flagstaff each time though that's not the primary place I would use it.
Benefits:
Land is already bought and paid for
We both get the benefit of usage
Lots of saved miles towing trailer
Equity in the storage facility as opposed to renting (no equity)
Mortgage for build would be less than storage fee
Mortgage Interest write off?
Rates right now are incredibly low
Cons:
Cost to build (Meaning either cash out investments or get a mortgage)
What do you think about cost to build a 50x50', concrete slab, 100AMP Panel, woodframe/stucco, LED lighting and electric garage doors place with finished drywall inside and epoxy coated floors? Probably would do some skylights and a few windows to dress it up a bit but nothing fancy and no plumbing. We could do an owner build and get our own subs and pull our own permits I believe.
Benefits:
Land is already bought and paid for
We both get the benefit of usage
Lots of saved miles towing trailer
Equity in the storage facility as opposed to renting (no equity)
Mortgage for build would be less than storage fee
Mortgage Interest write off?
Rates right now are incredibly low
Cons:
Cost to build (Meaning either cash out investments or get a mortgage)
What do you think about cost to build a 50x50', concrete slab, 100AMP Panel, woodframe/stucco, LED lighting and electric garage doors place with finished drywall inside and epoxy coated floors? Probably would do some skylights and a few windows to dress it up a bit but nothing fancy and no plumbing. We could do an owner build and get our own subs and pull our own permits I believe.