See full version: Pros and Cons of Owning a Boat
For most people, a normal week comprises of working long hours, running errands, taking the kids to school and picking them up from practice. This is the reason why you need some recovery time with your friends and family. Having a boat ride gives you the chance to share quality time with your loved ones. If you wish to teach your kids something new, whether it’s boating lingo, exploring nature or fishing, this is the best time to do so.
This can also prove to be the best investment especially for people who own luxury yachts. Hiring a yacht is expensive and you can rent your yacht out to people who wish to bond with their families or hold ceremonies.
Luxury yachts have the capability of cruising even in the deep waters. When you own one, you will always have somewhere new to go. There is bound to be a shoreline, river, lake, bay or ocean that you haven’t explored yet. This means that you can always use your boat. It is important to look up your local marina to find out the closest body of water and where it leads to before you settle in.
At the end of the ownership program, you might wish to keep your yacht for personal cruising or living aboard, but The Moorings offers other options, as well. You may be able to keep the yacht in managed charter in The Moorings’ second-tier charter fleet, Footloose. If you decide to sell your yacht, The Moorings offers brokerage services, as well as trade-in options if you wish to continue in the program with a new yacht. here
• Do you mind paying unplanned operating and maintenance costs in return for variable revenues, or would you appreciate the security of a guaranteed payment with no expenses?
There is a wide array of charter management options, from small family-owned local businesses to medium-size fleets of 20 to 100 boats to large companies with worldwide fleets. The Moorings is one of the largest charter companies, with more than 800 power and sailing yachts at more than 25 locations. more
The Moorings offers monohull and catamaran sailboats from 32 to 62 feet for sale, many with air conditioning and generators, and luxury power yachts from 38 to 47 feet. Most of the yachts go into bareboat charter, but some models can be staffed with a captain and personal chef. Here’s how the ownership program works. more
You purchase your yacht — bareboat or crewed, sail or power — and place her into The Moorings charter fleet. In return, The Moorings takes care of all maintenance, dockage, insurance and operating expenses. Every month The Moorings gives you a guaranteed monthly revenue check to cover your loan payment. The guaranteed revenue is established in advance, so you know exactly what to expect from start to finish, regardless of charter activity. The Moorings takes care of all aspects of maintaining and managing the yacht, guarantees your revenue, and leaves you to enjoy worry-free cruising aboard a new yacht for up to nine weeks each year. more
He has 8- or 9-year-old girls and a wife, and he asked to go on rotation. If you’re married, you need to go home or else you’re going to get divorced. I was happy to let him do rotation, and I thought back of who were our other crew people, and on [the 135-foot Christensen] Atlantica, that was awesome when my kids were little. Yan Kunst was the first mate, I think, and his now-wife was the person in charge of fun. All the kids learned to dive with Yan’s wife. We loved her. So I called Yan and asked if he wanted to do a rotational thing, and he also had young kids, so I figured two captains, two sets of young kids.
I’m a freak. My father was a plumber, so we grew up in a union household. My father maintained all of our stuff so that we never had to buy new stuff. I was lucky enough to make a great living, and I became similar. When my wife and I got married, we built a house in 1993, and it’s a Queen Victorian thing. Our entire marriage, we’ve maintained the hell out of that thing. here
Being active like that all the time is a real workout for the crew that they’re not necessarily used to, and after all those charters, you start to be a little picky. here
I had a cheat sheet. When my kids were growing up, we had a logbook of every vacation we took, every time we went to Aspen or Vail (in Colorado) or took a vacation on a boat. I would log each person’s name and a little something about the person. If you go through the logbook and the same name appears three or four or five times, it’s easy to see, ‘Oh, yeah, we loved her.’ [links]
The best captain that we ever had on any of our charters, and we had him several times, was Randall Petersen [on the 155-foot Christensen One More Toy]. As soon as I got my boat, I called Randall and said, ‘Please come and be my captain.’ here
The major problem is many people take out huge loans to buy big boats they don’t need and won’t be able to use.
You can also join boat clubs to have access to a variety of boat types for a monthly or yearly fee. here
To answer this question, it is important to know what you will use the boat for.