Q: What is the difference between a floating home and a houseboat?

A: A floating home is a stationary structure, much like a traditional house, but it sits on a float instead of a foundation and remains permanently moored at a specific location. A houseboat, on the other hand, is designed to be mobile, allowing for navigation and relocation on the water. According to Title 28 (Portland Code for floating Structures), there are three classifications for floating structures: Floating Homes, Boathouses, and Combo Units. Floating homes, boathouses, and combo units are three distinct types of floating structures, each serving different purposes and offering unique features:

• Floating Home:
  A floating home is a stationary, fully residential structure that floats on water but remains permanently moored in a specific location. These homes are similar to traditional houses, complete with bedrooms, kitchens, and bathrooms, and are designed for long-term living. Unlike a boat, floating homes are not intended for navigation and do not have engines or propulsion systems.
• Boathouse:
  A boathouse is a floating structure primarily used to store and protect boats. It typically includes a covered area, known as a boatwell, where boats can be docked inside the structure. Boathouses may have some basic amenities like storage or workspace areas but are not fully equipped for residential use. Their main purpose is to shelter and secure watercraft, offering some flexibility to work on boats or store equipment.
• Combo Unit:
  A combo unit combines features of both a floating home and a boathouse. It is essentially a residential floating home with an integrated boatwell, allowing space for both comfortable living quarters and indoor boat storage. This setup is ideal for those who want the convenience of a floating home along with the ability to keep a boat docked within the structure itself, providing the best of both worlds.

Q: How are floating homes registered and titled?

A: Floating homes are registered through the Oregon State Marine Board rather than through traditional county or state title agencies. Unlike land-based homes, they do not have deeds or title insurance, making it essential to work with a specialized realtor to navigate these specific requirements. Each floating home is assigned a unique floating home number, and the Oregon State Marine Board issues a corresponding license plate displaying this number, further distinguishing the property as a floating structure.

Q: Do floating homes appreciate in value like traditional homes?

A: Yes, floating homes can appreciate, but their value is closely tied to the demand for floating homes and the desirability of their location and moorage. Partnering with a knowledgeable floating home realtor can help you understand market trends and make informed decisions.

Q: What are the biggest differences between slip ownership and renting a slip?

A: The primary differences between slip ownership and renting a slip come down to cost, control,
and long-term investment.

• With slip ownership, you own the physical space where your floating home is moored. This provides stability in monthly costs and a long-term investment opportunity, as owned slips may appreciate over time. Ownership also often includes additional benefits like garage access or extra storage, depending on the moorage. However, slip owners are responsible for a portion of the dock and moorage maintenance fees, which are typically included in HOA fees.
• In rented slips, you lease the space from the owner, and your monthly slip fee covers utilities like water, sewer, and dock maintenance. Renting can be a more flexible option but may involve fluctuations in rental rates, and long-term security can vary based on lease terms. Renters have fewer rights over the moorage policies and must adhere to the requirements set by the slip owner and moorage management.
• Both options come with unique benefits, so choosing between slip ownership and renting often depends on your financial goals and lifestyle preferences.

Q: What does the monthly slip fee cover in a floating home moorage?

A: Monthly slip fees typically cover essential services like water, sewer, trash, parking, and maintenance of the dock and common areas. If you’re renting a slip, the slip rental itself is also included in this fee. Some moorages may offer additional amenities, such as storage or even land garages, especially in slip ownership moorages.

Q: Are there financing options for floating homes?

A: Yes, although financing for floating homes is limited to a few lenders specializing in this market. There are currently only three lenders who focus on floating homes, and their terms differ from traditional mortgages. We work closely with these lenders to ensure a smooth financing process.

Q: Are inspections required when buying a floating home?

A: Yes, inspections are highly recommended. Floating home purchases often require both a home inspection and a float inspection to assess the structure and flotation. As a bank-accredited float inspector, we help coordinate inspections to ensure your investment’s safety and integrity.

Q: What should I know about the moorage approval process?

A: Most moorages have a screening process to ensure compatibility with their established community, which includes a background check. Your transaction will typically be contingent upon receiving approval from the moorage or marina owner or HOA, ensuring a good fit within the community.

Q: Can I rent out my floating home as an Airbnb or short-term rental?

A: No, short-term rentals, including Airbnb, are prohibited in all river moorages. This policy helps maintain the peaceful, close-knit atmosphere of floating home communities and ensures stability for residents. Most moorages allow for long term rentals.

Q: What are some unique maintenance considerations for floating homes?

A: Floating homes require regular maintenance on both the home and the float. This includes checking for flotation integrity, addressing water and weather exposure, and working with marine contractors when needed. Having access to marine professionals is essential for proper upkeep.

Q: Can I customize or build my own floating home?

A: Absolutely! Building or customizing a floating home allows you to tailor the space to your preferences. We specialize in floating home construction and can help guide you through every phase, from design to moorage options, ensuring your vision comes to life while adhering to river regulations. Check out our website at EvenConstruction.com

Q: How secure and stable are floating homes?

A: Floating homes are built on floats designed to provide stability and are securely moored to the dock. They’re built to withstand water movement and fluctuations. While there is some gentle movement, especially during windy conditions or river traffic, most floating homes feel quite stable, similar to being on solid ground.

Q: What utility services are available in floating homes?

A: Floating homes have most of the same utilities as traditional homes, including electricity, water, sewer, and garbage service, which are often included in the monthly slip fee. Internet and cable services are available in many moorages as well, although some areas may have limited options.

Q: Are pets allowed in floating home communities?

A: Many floating home communities welcome pets, but policies vary by moorage. Some may have restrictions on certain breeds or sizes, and others might have pet-specific rules for the safety and comfort of all residents. It’s important to check with the specific moorage to understand their policies.

Q: What are the benefits of living in a floating home?

A: Living in a floating home offers a unique lifestyle close to nature, with direct water access and beautiful views. Floating home communities are often tight-knit, fostering a strong sense of camaraderie. It’s a great choice for people who enjoy being on the water and appreciate a peaceful, scenic environment.

Q: Do floating homes have insurance options?

A: Yes, but floating home insurance is specialized, and not all insurance companies offer it. Policies typically cover the structure, personal property, and liability, but it’s essential to work with an insurance provider who understands floating homes to ensure adequate coverage for water-related risks and specific needs.