Buying a yacht is nothing like your regular, daily purchases. The majority of yacht owners say that owning a yacht is not similar to owning a car, nor it is simple as people might think. What is the reason behind this and why you should have a special, different approach when you first indulge in a yacht buying process?
One thing that you might not expect to be necessary when purchasing something like this, is having experience. A lot of it. But how could you be experienced if you have never owned a yacht? When we say experience, we don’t mean – being experienced at owning luxurious boats.
You should posses knowledge, and you should be informed as much as you can, not only about the boat types, prices, specifications and technical info, but you should know what your budget is, what exactly is the thing you need and where to look for it. If any of these ingredients is missing, your luxury dish will be lacking in something. And when it comes to yachts, you only want the high-end, fine dining!
There are numerous reasons why someone would want to become a prestige yacht owner. First of all, it means you can become one. This is something that not everyone could afford, and maintain. However, yachting is a matter of one’s lifestyle, habits and hobbies. Not only that, it is a perfect way to have fun and bond with your friends or family, providing them an unparalleled, unforgettable experience. Especially if you are an adventurous person, who loves feeling free and excited, spending time on your yacht is exactly what you need. Apart from being fun and entertaining, it has been proven to have innumerable health benefits, since being on the water makes a perfect, stress-free environment, that will help you relax, get some vitamin D, and breathe in the seaside air. And that’s not all. Many activities that need to be done on a boat actually activate your whole body, which is an amazing benefit for both your physical and psychological health.
Investing in a yacht is also something you should put on your list of pros and cons. Making investments like this is definitely one more reason to decide to buy a boat. Why? Compared to other types of vehicles such as cars, boats are less likely to lose their value over time, which is why they are such as great investment opportunity. Aside from investing in properties, stocks or even Bitcoin, why would you miss out on taking advantage of the investing potential yachts have?
Finally, a yacht is a place where you can spend a lot of time, and even travel from one place to another, using the boat as your home. This is something that’s reserved only for some, not many, or in other words – people who have a special lifestyle, than requires a lot of traveling, and ofcourse – a lot of enjoyment as well.
But if you decide to buy a yacht for yourself, there are certain tips and tricks you need to keep in mind, in order to make your purchasing journey smooth and simple, and more importantly – to get everything you wanted in the first place, which is, believe it or not, oftentimes very complicated! Let’s dig into the things you need to do:
1. Do your research
Although you may have some experience with boats, there is still a big difference between when you’re renting a yacht and when you’re an owner of one. This is why you need to do more research than you normally would and the best thing you can do is not to be afraid of investing your time in searching and finding as much info as you can because it will help you tremendously. However, if you have never had a chance of renting motor yachts or sailing or boating in general, then you should first try that, before you decide to purchase one. Considering the fact that this is a complex process, it’s much easier to make a mistake, compared to buying a car or another type of motor vehicle. This is why you need to explore what’s there on the market and all the options you have, since that’s the only way to actually determine what’s the best fit for you.
2. Adress your needs
One of the most important things you need to ask yourself is what is exactly the yacht you want and what do you need it for? After you’ve explored everything about yacht types, the next step would be to determine which one of them is for you, and which one matches your personality, your lifestyle and your needs. Not everyone would need a sailing yacht or a catamaran, but it might be exactly what you need. On the other hand, maybe you just need a motor sailor, and you would make a big mistake by choosing a sailing one. This is why you need to look at your habits and think about how many days a year would you use it, and what are your plans for yacht traveling. If you are planning on having transatlantic trips, then you need to find yourself a yacht that is capable of doing that. If you just want to spend some time on the boat and cruise around the small cities of your choice, then you certain won’t need the same features on your boat. So before you purchase a boat, ask yourself if there are some extra activities that you need equipment for, or not.
3. Determine your budget
One thing you need to have in mind is that when you purchase a yacht, it’s not only the purchasing price you’re paying, but it’s maintenance as well. This can become an expensive journey, so you have to calculate everything beforehand and find the best option for yourself. When it comes to yachts, the rule is simple – the more luxurious the yacht is, the more expensive it will be, both in purchasing price and all the other expenses.
4. Don’t make decisions too fast
Give yourself some time before you make that final decision. Why is this important? The yachting industry is one of the world’s largest industries. This means that there will always be breathtaking boats, but the most important thing you should do is to not choose impulsively, but rather find a yacht that will fit your needs, be a great investment asset and finally, give you unforgettable moments and amazing experiences, that will last for a lifetime.