Yacht For Sale | The Best Guide To Buy A Luxury Yacht
How To Buy A Luxury Yacht
If you love the idea of sailing on the open ocean, there is a better than average chance that you have dreamed of owning your own yacht at least once or twice. The truth is, a lot of people dream about owning a yacht and spending almost all of their time exploring places they might not have ever been to in the past.
However, while it might be possible for you to enjoy the luxury of owning and operating a yacht, there are a lot of things that have to be considered before you finally decided to go ahead with a purchase. In this ultimate guide to buying a yacht, you will begin to understand why you need one a lot more than you think you do, not to mention factors surrounding things like the budget, finding the right yacht for sale, and the additional costs that are frequently associated with yacht ownership. By the time you are done reading, you will know a lot more about the process of purchasing a yacht than you probably know right now.
The idea is to give you an opportunity to enjoy owning a yacht as opposed to worrying yourself sick over the idea of purchasing one.
What Is Your Budget For A Yacht
You probably think that you would like to own a yacht, but you don’t really need one. However, stop and think about all the times that you have taken vacations and the amount of money that you spent on all of those trips. You might find that you really aren’t spending that much more by owning your own yacht. The best part is that it gives you a level of freedom that you have probably never enjoyed in the past. You can use it for vacations, day trips, business meetings and parties.
When you think of it this way, the budget doesn’t seem to be quite as much of an obstacle as it might have felt like before. When you get down to business concerning the budget, it is important to know what you are looking for. The budget you will need to set aside for your yacht will be determined by things such as its overall size and the number of people that can comfortably stay on it at any one given time. The cost also has a lot to do with the number of bedrooms that are available. Obviously, the more bedrooms you have at your disposal, the more you can expect to pay. Luxury is also a major factor.
Some yachts really aren’t all that luxurious while others are the epitome of luxury. You will have to decide how much that means to you because it will have a definite impact on the amount of money required to purchase the yacht you finally decide you are interested in. It should go without saying that the amount of money you need to spend will also depend dramatically on the type of yacht that you choose, the company that manufactured it, and its age.
It is really important for you to know exactly which amenities are available on any given yacht. It is equally important that you take the time to stop and think about how badly you want to have some of those amenities on board. For example, do you want a full-sized kitchen with a full refrigerator and a living room that is big enough to have a flat screen television attached to the wall or can you live with a galley kitchen and a smaller living space? By the same token, put a lot of consideration into the showers. Is there more than one shower on board and if so, is it a full shower? If you like long showers and gourmet meals, you will be paying a lot more money for your yacht than you would if you could get by with a galley kitchen and take a shower in three minutes. Since the entire idea of owning a yacht is to enjoy luxury, you might not be willing to skimp on these items but it is something that is worth thinking about.
All of this will have a dramatic impact on the amount of money that you ultimately pay, so it is something that you should consider so you get exactly what you want in the long run without being disappointed.
Find The Best Yacht
Finding the right yacht is probably going to take some time, so don’t feel like you need to rush through everything and purchase the first thing that you run across. Again, you have to look for a yacht that is big enough to suit your needs and that has the luxury items that are most important to you.
Pay special attention to the manufacturer so you can note any advantages or disadvantages associated with owning a yacht from that particular company. Note the overall condition of the yacht, both inside and outside. Make sure that you have someone examine its condition below the waterline so you know exactly what you are dealing with. This is when you want to have a qualified mechanic look at everything from its seaworthiness to the engines and everything in between. Look at the number of hours it has been in operation and find out when its last overhaul was. In addition, take special care to look at the maintenance history so that you can potentially uncover any trends that might suggest that there is a chronic problem with the particular yacht in question. This is going to be a task that is going to take a considerable amount of time and it must be done in a step-by-step fashion or you run the risk of missing something that could be important. You wouldn’t want to rush through purchasing a new automobile so you definitely don’t want to rush through this.
Purchasing a yacht is not really all that different from purchasing an aircraft. If something goes wrong, you can’t simply pull over and call the auto club. You could be putting yourself in a perilous situation so you have to make sure that the yacht you choose is capable of standing up to whatever you have in mind. If you have any doubts, your best bet is to move on to the next one and keep looking until you find the right yacht for your needs.
Additional Costs Of A Luxury Yacht
Keep in mind that a standard yacht is usually going to cost you between one million dollars and five million dollars as part of the purchase price. If you want a luxury yacht, you can expect to pay anywhere from five million dollars all the way up to approximately 100 million dollars. As you can see, the price varies a great deal. However, you have to consider the additional costs that are associated with yacht ownership. Remember, you will be paying for maintenance, insurance, and fuel at a minimum. If you plan on hiring a crew to operate the yacht so you can simply enjoy the luxury, you will also have to pay those fees, not to mention the catering fees that you use so you don’t have to cook while you are on board. Granted, catering and crew fees can vary a lot and some people may not choose to deal with them at all. If you like to cook and you want to operate the yacht yourself, those are two things that you can all but eliminate, but you will still have to pay for the first three on a routine basis. You also have to pay for slip fees if you plan on docking the yacht in public.
Furthermore, you will have to have the yacht inspected from time to time and overhauled if necessary. This can cost a lot of money so make sure that you are prepared for it before you make a purchase.
Now You Can Buy A Real Luxury Yacht
After reading this, you might be second-guessing your desire to own a yacht in the first place. Rest assured, there is no need to completely change your plans. The idea is to be prepared for what you can realistically expect to find when you are deciding to purchase one, as well as what it will be like to own one afterwards. The best thing you can do is think about what you want. Why do you want a yacht in the first place? What do you plan to do with it? Do you want it just because it sounds like fun or do you have a lot of experience with the open water and you know exactly what you are getting into? The next thing you need to do is analyze the costs that are associated with both purchasing and owning the yacht that you are interested in purchasing.
Take the time to analyze these costs carefully. Before you make any final decisions, put all of the information that you have gathered together and look at the advantages and disadvantages of owning each yacht that you are interested in. Once you finally made your decision, you will be able to purchase your yacht with confidence because you know exactly what you are dealing with and how much it is likely to cost. Last but not least, sit back and enjoy the luxury. After all, that is probably one of the main reasons that you decided to purchase a yacht in the first place so it only makes sense that you take the time to enjoy what you have once you get it.