Is buying a yacht worth it?

In short, yachts are excellent investments for your family, your happiness, your lifestyle and for creating future memories. Owning a yacht opens up new horizons, exposes your family to adventures you've only dreamed of, and provides a safe outlet for the stresses of our daily lives. A luxury yacht can be a sound financial investment. But it does require careful planning.

There are so many factors that can affect value. Boats demanded by major yacht builders, for example, tend to retain more value, and yachts that are rented can also help offset costs, helping to make the investment more financially sound. One of the best ways to minimize the maintenance and operation costs of your motor yacht is to invest in a professional yacht management company. Chartering has both advantages and disadvantages, and not all owners will get the same benefits from making their yachts available for charter.

You still have to pay for fuel and some costs, but the price is much more reasonable than trying to buy the yacht on your own. I would rarely recommend buying a yacht strictly as an investment, for example, since you could buy real estate. Lifting a 45-foot yacht for painting can cost up to 700 euros in some places, for example, in Croatia. It is not always possible to get real insurance cover against damage or loss, even for a decent yacht with a price of more than 50 thousand euros at the age of 15 years or older.

Of course, no two superyachts are the same and no two superyacht owners have the same yacht tastes or aspirations. So that new yacht owners are not affected by cost surprises, Luxury Yacht Group has developed a handy cost calculator for crew and another for operating costs. And it's even more expensive if you need to do something with the hull, for example, treat osmosis, delamination, rotten filling on a deck or thorough cleaning and processing of a steel yacht. If you do not use the marinas and anchor, then you need to constantly monitor the weather, you can not leave the yacht for a long time.

In addition, a yacht management company, such as Florida Yacht Management, can make your boat available as part of a charter fleet. It's like a lease, and just like with a car, you won't be the owner, but you can rent the yacht for a set period of time. For example, buying a used yacht would result in lower depreciation, and the builder, the type of vessel, its appointments and the size may affect the depreciation. The term is generally applied to yachts that measure 75 feet or more in length, have a full-time professional crew, and are enjoyed for pleasure or commercial operation.

In addition, if you are considering selling your boat as a return on your investment, a yacht that is available and marketed for charter has a higher profile compared to one that is only available for private use.

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