Im thinking about buying a house with a mooring, I did some sums today with a house owner in Port Solent, with all the fees, council tax, marina supplement, electric and water rates is about the same as im paying to rent my Berth on the upper Hamble per year.
Ive always told myself renting a berth is a waste of money, ive also thought about buying an MDL lease so eventually you at least get some free years and just pay the service charge to MDL.
I like Hythe marina, its more expensive to live there than Port Solent but is on the edge of the New Forest which commands a premium, though it could be spoilt a little if the new Port is built in years to come.
Anyone either own or lease a berth around the Solent, or house etc, what are the pitfalls if any of buying by the water?, Before anyone shouts about the capital investment it is my plan to live on the Southcoast in 5 years time when my wifes son has left school.
Prices seem to be at rock bottom so maybe now is the time to invest for a future plan rather than wait say 3.5 years by trying to sell up in the Midlands and move here then.
Where should I go?