Are you thinking of buying or owning a yacht?
Whether it’s your first time or you’re already familiar with the process, there are some key things to keep in mind.
In this guide, we’ll go over everything from what to look for when choosing a yacht to how to maintain it and keep it looking its best.
So whether you’re just getting started on your yacht-buying journey or you’re ready to take the plunge, read on for some helpful tips!
Boat International is the biggest-selling yachting publication in the world.
With an average circulation of 120,000 per issue, it provides its readers with unique and invaluable advice on buying, owning, and maintaining their yachts.
This book is a compilation of all the boat reviews ever published in Boat International – more than 1,100 boats were scrutinized by our expert team of writers over a period of two years.
They have come up with the best 50 that you can buy today – some are brand new, others are clever conversions or reworks of older vessels.
All represent great value for money and high performance afloat.
This guide will help you identify your perfect yacht out there at sea.
Step # 1 – Know Your Limit (and Stay Within It!)
When you’re starting out, it can be easy to become carried away with the kind of yacht you want.
But, before you get too caught up in your dream boat, make sure to do careful research about how much it will actually cost.
Once you’ve done that, work backward and figure out what you can realistically afford on a monthly basis.
This will help guide your search when it’s time to look at yachts for sale or even start looking at potential financing options.
Like most things in life, being over-eager when it comes to buying a yacht is just going to lead to problems later on!
So before any other step in this process is complete, make sure you know what your budget is and stay within it, no matter how comfortable you may be with going a little over.
Step # 2 – Get to Know the Boat Market in Your Area
There are a lot of different things to take into consideration when buying a new boat.
Before getting started, consider where you plan on keeping your yacht and whether it’s better to buy local or from another part of the country or world.
If you’re planning on keeping your boat close by, then there’s nothing wrong with checking yacht delivery Australia out area-specific yachts for sale.
This can help ensure that you’re looking at yachts that have been well-maintained and won’t require any major work before being put back in the water.
If you’re looking to buy a vessel and keep it somewhere far away, this is definitely the way to go as well.
However, if you choose this route there are some additional things that can impact your decision-making process.
For example, when buying yachts in other countries or regions, be aware of how different laws can impact what you can do with your boat.
This may involve certain limitations on where the boat can travel each year or even any dangerous goods that are allowed to be kept on board.
You’ll also want to consider whether local sellers will let potential buyers come to see the boats in person before purchasing them – if not, then you’ll have difficulty knowing for sure what kind of condition they’re in!
When you’re getting started, make sure to check in with experts or someone who knows the area well to get the inside scoop on where it’s best to search for yachts.
Step # 3 – Consider Your Own Lifestyle
When you’re buying a yacht, it’s important that you think about what kind of life you want that boat to reflect.
It might help to ask yourself some questions like: What do I want out of this boat?
How often will I be using this boat?
Who else will be on board?
These are just some examples, but there are endless things to consider when it comes time to pick your vessel over other boats for sale in your area.
Think about how much time, money, and effort you want to be putting into your boat.
Will you need somewhere private to go onboard for some alone time?
How often will you actually be able to use the boat?
These are all things that can influence what kind of yacht would suit your lifestyle best.
Step # 4 – Carefully Consider Your Insides
If you’ve already done a bit of research around yachts for sale in your area, then most likely they will have mostly good-to-outstanding exteriors which are why they are still available.
But, once they sell it’s tough luck if the inside isn’t up to snuff!
Make sure to consider the insides carefully before making any purchase decisions.
Things like how much space is available, how many berths are onboard, and what kinds of amenities will be provided.
All these things can make a huge difference in your day-to-day life when you’re peering down at it from the dock.
Depending on your lifestyle, some of these items may seem irrelevant – but others might seem critical!
For example, if you love having friends onboard to enjoy time around the water then more berths or sleeping quarters may be incredibly important to you.
However, for those who prefer some privacy, this isn’t as big of an issue.
So just keep all these things in mind as you’re making your decisions throughout the boat search process.
Step # 5 – Find Out Everything You Can Your Boat Before You Buy
One of the best ways to really help yourself out is to do as much research as possible about the yachts that you’re considering over other boats for sale.
You might think that this doesn’t apply to you, but it’s important to keep in mind that you’ll be spending a lot of time and money on your new vessel – so knowledge is definitely powered here!
Do some background checks and make sure there aren’t any boat liens or claims associated with the one you want to buy.
Check through boat reviews and see what kind of feedback past buyers have given about both specific yachts and different dealers online who offer these types of vessels.
If at all possible, go onboard yourself before agreeing to take full responsibility (and ownership) of any boat.
Since you’re putting hard-earned cash down on the vessel, it only makes sense that you know exactly what you’re buying!