The Boat Club

The concept is much the same as a residential condominium except that it is a home for your boat and based upon a deeded title to the lakes land beneath the water. Squam River Landing is unique in that while the use of the water is regulated, each boat house and open boat slip purchaser owns the lake bottom and structure securing their boat. This form of ownership, known as fee simple, provides for generally accepted practices involving appraisals and financing, which in turn has a positive affect on long term values and asset liquidity. As with most condominium associations, there is a declaration, including by – laws, which defines the ownership obligations and restrictions applicable to each association member.

During the due diligence and planning phase of Squam River Landing we visited and analyzed comparable projects throughout New Hampshire’s Lakes Region which offer ownership opportunities for boat houses and open boat slips. Our research included projects on Lake Winnipesuakee, Newfound Lake and the Squam Lakes.

Unlike many other forms of real estate, no direct comparable exists for Squam River Landing. We assessed value based on the uniqueness of the Squam Lakes; existing scarcity of supply; current demands of the boating community; restrictions and barriers to future developments such as Squam River Landing; the physical characteristics offered by the project, including beam width, slip length, and individual site storage availability; access to a full service marina; the ownership structure of fee simple; and many other boating amenities uniquely offered at Squam River Landing.

Purchasing a boat house or open boat slip at Squam River Landing is not a necessity purchase of an asset, it is a lifestyle decision and a luxury purchase. As you consider whether to purchase a boat house or an open boat slip, we encourage you to visit other projects on the surrounding lakes. As you research and analyze the values we have established, consider the lifestyle and personal relationships associated with the lake other projects are located on, the amenities offered and the appreciation of values since the comparable project was originally developed.

The purchase of a boat house or open boat slip at Squam River Landing provides, in our opinion, the owner or investor with significant benefits, including, but not limited to:

EQUITY: The potential to create equity in a rapidly dwindling resource as demand continues to outpace supply. Squam River Landing would not be able to be built from scratch today. Squam River Landing is able to be developed in this manner for it is a renovation of an existing marina.

APPRECIATION: Increasingly stringent regulations limit the number of marinas or docks, or boat houses which can be permitted or built, coupled with the consistent and growing demand for boat houses and boat slips, creates the potential for an appreciation in your boat house or open boat slip's long term value. While no value can be predetermined, it is reasonable to assume, in our opinion, the boat houses and open boat slips at Squam River Landing will follow the value appreciation trends associated with shore line assets in the lakes region

RENTAL INCOME: Your boat house or open boat slip can provide rental income when not in use, and this process can be managed for you by the staff at Riveredge Marina. The rental income could be used to offset normal operating costs associated with condominium association expenses and local taxes.

POTENTIAL TAX BENEFITS: Ownership interest of a boat house or open boat slip may be tax deductible. If the purchase is financed by a qualifying home equity loan the interest is generally tax deductible. Additionally, the real estate taxes paid in connection with the slip may also be tax deductible. In order to determine your individual purchase and its relationship to your financial situation, you will need to consult with your tax accountant directly in order to confirm your individual position.

LIQUIDITY: The boat house or open can be sold or transferred, based on the association by laws which require ownership to be at least one year, or passed by inheritance.

CONTROLLED EXPENSES: Controlling ownership of a boat house or open boat slip at Squam River Landing could contain your boating expenses. The availability of other boat slip rental rates are escalating due to the scarcity of other boat slip rentals. Very few rental slips exist on the Squam Lakes and even fewer will be available in the years to come.

SECURITY: Ownership of a boat house or open boat slip will secure an irreplaceable lake side asset on the Squam Lakes for you and your family offering a permanent home for your boat and the lifestyle that it provides.

VALUE: Ownership of a boat house or open boat slip at Squam River Landing allows its owner many of the benefits of water-front ownership, without the tremendous costs associated with water-front ownership. The values of water-front housing have substantially appreciated and in our opinion, will continue to do so.

OFF LAKE HOUSING – As the values of water-front housing continues to appreciate, development of mountain view and lake access land continues to appreciate also. When coupled together, ownership of a boat house or an open boat slip at Squam River Landing could serve to increase the value of a primary or secondary home which does not currently have secure lake access. To further determine the potential for increasing the value of your existing home by adding a boat house or open boat slip, consult with your appraiser.

FEESIMPLE

Ownership of a boat house or open boat slip at Squam River Landing is in fee simple title with a warranty deed framing ownership of the submerged land and air rights associated with the slip. Use of the water is governed by regulations. Similar to owning a condominium, all aspects of common and limited common elements are detailed in the association documents provided prior to purchase.

Squam River Landings most significant amenity is securing lake access to the Squam Lakes and the amenities offered in the surrounding lake community. In addition, Squam River Landing provides access to a full service marina, access to a public beach, and many other amenities designed to enhance your boating experience.

Yes, taxes must be paid on boat houses and open boat slips, and the association’s common land, just like any other form of real estate that you might own. We have been advised the Town of Ashland will assess the subject property in the 2006 tax year. Following the Town’s assessment, we will be able to provide you with more accurately estimated tax rates and assessed values for the boat houses, open boat slips and association common land.

The availability and costs of boat houses and open boat slips are described within this section of the website. Click on “The Boat Club” menu bar, and then click on the “Price and Availability” title within the drop down menu. This section of the website is interactive, based on the site plan, and offering current pricing, availability and physical information for the boat houses and open boat slips.

Why should I consider purchasing a boat house or open
slip instead of renting? + Expand

If purchased without financing, a boat house or open boat slips owner's annual cost of ownership will include monthly condominium association dues for common area maintenance, property insurance, electricity, replacement reserve, aquatic funds contribution (Voluntary), and other related expenses, currently estimated to be between $75-$100 per month. Please be advised that while we can provide this estimate of monthly association dues at this time, it will take a full season operating at full capacity for the actual expenses to be comprehensively understood. Local taxes will be in addition to the condominiums operating budget and will be levied directly by the Town of Ashland.

If your purchase is financed, then you would be responsible for the principal and interest payments associated with the financing. As noted above, the interest component of the payment may be tax deductible if the loan is structured as either a qualifying home equity or second home mortgage loan. The principal part of the monthly payment would increase the equity of the covered boat house or open boat slip. The association fee would remain the same whether an owner uses debt or equity, or a combination of both.

In order to determine your individual purchase and its relationship to your financial situation, you will need to consult with your tax accountant directly in order to confirm your individual position. Once again, we ask that you consult with your tax accountant in connection with your particular tax situation.

Like many other real estate assets, the purchase of a boat house or open boat slip at Squam River Landing is similar. The requirements do differ a little depending on whether your interest lies as a slip owner looking for a permanent home for their boat or as an investor.

In order to determine your individual purchase and its relationship to your financial situation, you will need to consult with your tax accountant directly in order to confirm your individual position. Once again, we ask that you consult with your tax accountant in connection with your particular tax situation.