Owning a yacht and sailing the waters sound definitely like a dream come true. We can all agree that buying the boat of your dreams can be very exhilarating. You might get overwhelmed and end up disappointed. We don’t want that. That is why we listed a few tips that you can use for your first purchase.
- Find a reputable dealer.
Owning a yacht cannot be taken lightly. You want your first boat to have the best design, quality, and performance. There are a lot of private dealers to choose from, but only a few are reputable. Yacht companies like Viking Yachts have decades of experience and knowledge in producing and selling boats. Companies like them built an excellent reputation, and they will always do their best to maintain that.
If you don’t know much about yachts or you don’t have a particular boat in mind. A reputable dealer can provide many options. Each ship has a unique characteristic that only an experienced dealer can elaborate on. They can also help with the paperwork, and most importantly, they offer a warranty. It is best if you visit so that you can have an overview.
2. Know the purpose of the yacht
You may have a good grasp of what you are signing up for after visiting a reputable dealer. It’s time to ask yourself what kind of yacht and for what type of activities. Here are some questions you need to ask yourself:
What activities are you going to perform with the boat?. You should determine if you are going to use it for fishing, for sports, for racing, or cruising.
How many people will you regularly have in the boat?. If you don’t have a family yet, you might want to consider that.
What is the size of the boat?. Some want to be closer to water, so they prefer smaller yachts. It also depends on the storage you might need. So if you are going to travel and explore the seas, you would want it bigger. Just take note that the size of the boat will affect the storage location of the ship itself.
3. Consider your budget
Buying a yacht also includes additional costs like operation cost, maintenance, insurance, mooring fees, fuel cost, dockage fees, and some crew salaries. Yacht owners estimate that the operating expenses yearly can take up to 10% of the boat’s initial value. So before buying a yacht, you should project if you can sustain it, or it will all go to waste. You don’t necessarily need a luxurious yacht, just the one that will suit your activities.
You can get financing while chartering your boat if you are not going to spend much time on it. This way, you can earn money and cut back some of the maintenance costs.
4. Know how to maintain the yacht
When you finally purchase a yacht, You need to decide where you will locate your boat. The boathouse will depend on the size of the ship.
It would help if you also assigned a strategic schedule of maintaining it. Regular preventive maintenance to the yacht’s electrical system is essential for the longevity, safety, and overall condition.
The cost of the maintenance will depend on the size and type of boat you will choose. You need to consider if you will attend to its preventive maintenance or you will hire professionals to do it for you. Of course, you need to think that you will have to deal with the hauling expense at some point in time.
5. Charter a boat
You really can’t tell if you like the boat or if it fits you unless you’ve sailed it. Maybe you already have a boat in mind, try it out, feel it. You can ask for your dealer to schedule a charter so you can be more familiar with the yacht.
When you finally decide what boat you will purchase, make sure that you pay attention to the legal bits of the yacht, Lookover the paperwork very carefully. Your dealer can help you with that.