How to Buy a Perfect Yacht
Owning a yacht will make it easier to spend more time outdoors and enjoy a recreational activity that will prove to be relaxing. Those who are looking to purchase a yacht may have a vision in mind with their wants and needs. To ensure that you make the right purchase, there are a few ways to shop for a yacht.
Find the Right Model to Buy
You’ll need to decide what type of yacht you want to select due to the different types of vessels that are available. You may want to race at high speeds with a yacht that has a motor or you may prefer to spend time on a yacht that is used for sailing. Determine the number of passengers that you plan to sail with to get an idea of the size of yacht that you’ll need. It’s also important to choose the model of yacht that you purchased depending on if you want a yacht with slow full-displacement or a semi-planing hull shape.
Determine Your Budget
Both new and used yachts are available to purchase, making it important to decide if you want to save money on a pre-owned vessel or prefer to have a newly released model. Factor in the maintenance costs that you’ll need to pay with fuel, oil, general maintenance on the deck, and generator costs.
Find a Broker
It’s important to utilize the services of a Florida down east yacht broker when shopping around, which will allow you to get the best deals. You can inform the broker of your wants and needs to narrow down your search. Discussing your budget will also influence the types of yachts that the broker introduces you to as you shop around.
Take the Yacht for a Ride
When you’re interested in a yacht, make it a point to take it out for a ride on the water with a sea trial. This will allow you to evaluate the vessel’s performance with how well it cruises and reaches its maximum speed. The sea trial typically takes four hours to perform and is at the seller’s expense.
It can be exciting to be in the market for a yacht when you want to purchase a vessel that can be enjoyed for many years to come. To ensure that you make the right selection on your yacht, it’s important to use a broker and determine your needs.
Focus on the total acquisition costs: the purchase price plus the inevitable refit. A good rule of thumb is to use only half the boat budget to buy the boat, then employ the other half for the requisite upgrades.