Focus On Yachting

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Your Guide to Buying, Renting, and Sailing Yachts!

Owning a yacht is a significant financial commitment. Yachts can vary in price from a few thousand dollars to virtually unlimited amounts. It's not uncommon to see them auctioning for millions of dollars. Even if you opt for a less expensive yacht, you must consider maintenance costs.

Annually, you can expect to spend about 10% of the total price of your yacht on maintenance. As a type of boat, a yacht spends most of its life in water, facing constant exposure to the elements, which can take a toll.

This wear is amplified ten-fold if your yacht is kept in seawater. Salt and other minerals wreak havoc on the yacht's exterior and its mechanical components.

Besides the initial cost and maintenance, you must also deal with licenses and permits to use your yacht, which vary depending on your location. If your yacht is bound for the sea, you will need a port to keep it at.

Most marinas charge a monthly rate, usually around $15 per foot, with a minimum length requirement. For an average-sized yacht of 45 feet, the monthly cost could be about $675 just for a docking space!

Before deciding to own a yacht, thoroughly consider the financial and logistical challenges. While owning a yacht can be an extremely fun and rewarding experience, it requires careful planning and preparedness.

If you're not financially or mentally prepared to own and maintain a yacht, it might become a decision you regret in the future.