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Everything You Need to Know About Owning A Yacht

Owning A Yacht, Yacht Ownership, Yacht Manufacturers, Floating Docks, Yacht Maintenance

For cruise enthusiasts, few adventures compare to being out in the ocean or sea and enjoying their splendor. It is a chance to see and experience nature from a completely different perspective. One that can not be offered by planes or trains or cars.

Yachts provide the perfect close-contact experience of vast waters as opposed to ships. They are therefore highly popular for personal ownership. Which brings forth the question, what does it entail to own a yacht?

Let us go on a voyage and explore a few basics.

The Purchase

Owning A Yacht, Yacht Ownership, Yacht Manufacturers, Floating Docks, Yacht Maintenance

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One thing is for sure, you are unlikely to find an offer for a yacht sale in the classifieds section like yacht for sale UK. Unless you are a real enthusiast, most people may be at a loss as to where to begin the purchase procedure. As with most luxury goods, sellers keep a low-profile.

Sellers and Manufacturers

In the same way that you would source for a car, you would need to find a reliable yacht dealer. They would then present you with a catalog of choices from different companies.

Alternatively, you could choose to deal directly with renowned yacht makers. Some examples include America’s Bertram or Germany’s Lurssen but the list is endless. It also depends on what kind of vessel you are looking for.

Price Range

Here is hoping your checkbook is in great shape as yacht prices range anywhere between $10 million to infinity. The price tag depends on the footage that you desire as well as the detailing that goes into it. Custom luxury finishes always have a heftier price tag attached to them.

You could, however, opt to purchase a used yacht. They fetch a lower price and may be ideal if you are hoping to snag one on a budget.

Customization

Most yachts are made based on clients’ orders. You, the buyer, layout your needs for the manufacturer and they bring it all to life. However, there are extra touches such as particular kinds of wood or fabrics that attract extra costs.

Usage

Owning A Yacht, Yacht Ownership, Yacht Manufacturers, Floating Docks, Yacht Maintenance

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When it comes to sailing, there are certification categories that determine how far you can go. A yacht in category A, for example, can handle large waves and rough weather. It can safely handle the pacific ocean and possibly even the Atlantic. On the other hand, if your yacht is in the ‘D’ category, you may be limited to inshore sailing.

Fuel, size, and weather conditions equally play a significant role in deciding the length of your travel. Larger boats have larger engines and thus can cover longer journeys. That said, engines work harder in rough waters thereby consuming more fuel which may lessen how long fuel can last.

Docks and Marinas

Owning A Yacht, Yacht Ownership, Yacht Manufacturers, Floating Docks, Yacht Maintenance

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Regardless of the kind of vessel you own, at some point, making a stop will be inevitable. Docks and marinas are therefore crucial for any yacht owner.

From the highly coveted St. Tropez to the spacious Antibes ports, options are endless. Nevertheless, they vary depending on the depths of berths that they have, and thus not every destination may work for you. Smaller sizes have an easier time finding spots than megayachts that require more space and depth.

Some marinas are more sought after than others due to the entertainment life of the towns and also for prestige. Others have better amenities like a floating dock on the sea that is reliable even in particularly bad weather. Sailors are keen on such conveniences as they make a great difference in terms of safety and comfort.

Maintenance

 

Owning A Yacht, Yacht Ownership, Yacht Manufacturers, Floating Docks, Yacht Maintenance

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Your vessel will only be as kind and faithful to it as the care you extend it. If you would like to enjoy it for years to come, you would need to invest in:

Regular Checks

Having the interior of your yacht deep-cleaned at least bi-weekly will keep it from getting worn too soon. Cleaning the exterior is equally critical for safety. When barnacles and other debris accumulate at the bottom of the vessel, they create extra resistance and slow it down. They could also cause damage to the running gear. A monthly hull clean should suffice.

Further, keep in mind that salty water is naturally corrosive. Yachts that dock in saline waters require more exterior care. Similarly, high currents and hotter climates cause more wear and tear thus increasing maintenance needs.

Annual Care

The more intense maintenance tasks are left for the annual checkup when a yacht is hauled out of the water. During these service sessions, the engine and running systems are opened up and inspected for any damage. Painting of the exterior is also recommended as it protects the body from damage like that of saline water and algae.

Staff

 

Owning A Yacht, Yacht Ownership, Yacht Manufacturers, Floating Docks, Yacht Maintenance

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Your time on your yacht would ideally be a vacation. Moreover, it is impossible to perform all the necessary tasks by yourself. As such, part of owning a yacht involves hiring the right staff for it.

A captain and an engineer would ensure that the boat is steered in a safe condition. Standard hiring practice involves an annual contract and pay is per foot of the boat. For instance, a 200-foot yacht could attract an annual salary of $200,000 given a rate of $1000 per foot. You would also need:

  • Deckhands
  • Stewards
  • A chef

Conclusion

All things considered, owning a yacht is worth the trouble. Over and above being a luxury statement, you get to sail whenever you like as long as the weather allows. The experiences and comfort you get to have can easily justify the price you pay for one.

So, now that you know what it takes to own a yacht, would you invest in one?


More on this topic:

Looking To Be A Marine Engineer: Here Are 5 Things You Should Know

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