It is true that many people are trying to consider the option of actually living in a canal boat and ditching the regular housing system. Why do you ask? Well, there can be many reasons. Buyers loaded with cash are trying for getting a canal boat and the perfect narrowboat moorings for mooring the boat and living there on a permanent basis. But then, living there might have some drawbacks as well as some hidden expenses as well.
Life On A Canal Boat
While most people are trying for the regular canal boats, there are many who want to go up the ladder of housing and want rafts as homes. The standard price of a narrowboat of 50ft would be £20,000 to be exact. This can be a contrast when it comes to buying houses that have the price of £200,000 which is basically a lot more. However, it is not possible to take a particular home loan in case of a canal boat as you do not have a fixed land plot to live in. Buyers need to pay cash or have to get an unsecured and unsafe loan which is personal. The interest rates can be very high which can be a difficulty of some people with a restrained budget.
While you get to roam freely on your boat if you are living in it, the mooring fees associated with the narrowboat moorings can be an additional dent in the pocket.
There are other fees associated such as the utility bills and other taxes which can make the expense of owning and living on a canal boat difficult. However, most people still continue to live on a canal boat as it offers more benefits than drawbacks.
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