Owning a yacht is a dream for many people, and when you can do so, it is not something you want to rush into that you may later regret. You will need to take your time making your decision, and there are various factors you will need to consider before deciding. Below are some of the factors for you to include in your decision-making process and ensure you make the correct choice for your requirements.
A New Or Used Yacht?
One of the first things you will need to consider is whether you are n the market for a new yacht or a second-hand one. You can easily find a pre-owned princess yacht for sale, and the price will usually be significantly lower than buying the same model and specification new.
Consider The Running Costs
Owning and operating a yacht can be an expensive affair, so you will need to keep in mind the running costs of your vessel. You can expect to pay around 10% of the yacht’s price in running fees every year, so the more expensive the vessel, the more it costs to maintain.
Additional Extras You May Want
There are plenty of choices for optional extras for yachts, so you will need to make a list of mandatory things and a list of what would be nice. You most likely will not get everything on both lists unless you commission a bespoke yacht, which will cost you considerably more. Some of the additional extras you may want to look for can include:
- Solar Panels
- Bow Thrusters
- Folding Propellors
- Electric Winches
- Air Conditioning
- Fresh Water-Cooled Engine
When You Will Berth Your Yacht?
The size of yacht you buy can dictate where you can keep it as you will need to find a mooring that is big enough and that you can afford. However, you will also want to have the yacht in a convenient location so you can get as much use out of it as possible. When you spend all that money on a yacht, it is a shame to leave it sitting pretty in the harbour and not take it out.
The Size Of The Yacht
You will also need to consider the size of the yacht you purchase carefully. Think about how many people will be on the boat when you are using it, and if you need a crew, or you will operate it yourself. You will need to ensure you have enough bedrooms, and it is always better to have a few extra if you can afford it.
Once you know how much you can afford to spend and what you want, you can start looking at private yacht sales, brokers, and boat shows and find the perfect yacht for your needs.