If you are seriously contemplating acquiring a yacht for recreational purposes, there is indeed much to consider. Aside from actually finding and buying the boat, yacht care and maintenance is essential and this adds up to a significant expense. If we told you the annual mooring and maintenance fees for a 100m superyacht, all thoughts of buying a boat would vanish! It is safe to say that you will have to spend a lot of money keeping your floating investment in good order, which is part and parcel of yacht ownership.
When the yacht is not being used, it needs to be moored somewhere safe and suitable, which is a service offered by the yacht broker, which might be located in South East Asia. Most owners prefer to have their yacht moored in a region that offers attractive routes, plus when you compare the overall cost of maintaining & caring for a yacht in Thailand with European prices, it makes total sense to base your yacht in Phuket. The cost of local labour, for example, is much cheaper in a developing country, plus your yacht is never far from idyllic locations.
As you can imagine, a seafaring yacht would have to endure harsh elements, with all that salt, sand and sun, so maintenance must be thorough; any component that is showing signs of excess wear would be replaced. Timber decking needs to be sanded and revarnished on a regular basis, while brass must be cleaned and polished and all fixtures and fittings would be closely inspected. The hull must be cleaned and barnacles removed, not to mention the painting & varnishing. The technicians at the yacht charter facility are trained to inspect vessels and keep up-to-date logs on maintenance and servicing, so when you are on the other side of the world running your business empire, you know that your yacht is in very good hands. On the subject of holidays, here are a few alternative options to consider.
Generating an Income
The majority of yacht owners offer their vessel for charter when not in use, which does bring in a healthy income. The yacht broker is the person to talk to regarding chartering out your boat, as they have a large customer base of people who regularly charter yachts and your vessel would likely be rented out at least once in a season. There are many customers who charter a crewed yacht for a weekend, while other prefer 2-3 weeks, with a full crew, of course, and the extra revenue will help with maintenance and mooring costs. Click here for official information about boat registration.
Maintaining a High Standard
Your floating investment needs to be properly maintained if you want it to hold its value and when you entrust the care and maintenance to an established yacht broker, you can rest assured that your asset is being looked after in a professional manner. There is little depreciation with a well-cared for vessel and when you improve your yacht, this is also an investment for the future. There is always something that could be upgraded or added and as the years pass, your floating holiday home will appreciate.
If you have been fully briefed on yacht ownership and are keen to become an owner, talk to a reputable yacht broker and see what they have available.