Table of Contents
1. What is a Yacht? 3
History 3
How Are Yachts Made? 5
Classifications of Yachts 6
Day sailing yachts 6
Weekender yachts 6
Cruising yachts 7
Luxury sailing yachts 7
Racing yachts 8
Hull types 10
Motor yachts 10
Hull types 11
How to Buy a Yacht 12
Used or New? 13
Gasoline & Diesel Engines 14
“Vintage” Vessels 15
Ownership Costs & Maintenance 15
Purchase Agreements 16
To Review 18
How to Rent a Yacht 19
Popular Yachting Events 21
America’s Cup 21
How To Get A Free Yacht! 22
Yacht and Boat Safety Tips! 23
Private Yacht Safety 23
General Boating Safety Advice 24
1. Be Weather-Wise 24
2. Follow A Pre-Departure Checklist 25
3. Use Common Sense 26
4. Designate An Assistant Skipper 27
5. Develop A Float Plan 27
6. Make Proper Use Of Lifejackets 27
7. The Facts About Boating And Alcohol 27
9. Take A Boating Course 28
10. Children’s Safety 28
11. Carry A Marine Radio 29
12. Night Safety 30
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Yachts Aren’t for Everyone!
Owning a yacht is by no means a small financial venture. Yachts can range in price from a few thousand dollars to basically unlimited. It’s not rare to see them auctioning for more than a few million dollars. Even if you opt for a less expensive yacht you have to consider maintenance.
Every year you can expect to spend about 10% of the total price of your yacht in maintenance. A Yacht is a type of boat; as such it will be in the water for most of its life. Constant contact with the elements and with water takes its toll. This is amplified ten-fold if you have your yacht on sea water. Salt and other minerals wreak absolute havoc on the exterior of the yacht as well as the mechanical components inside.
Aside from initial cost and maintenance, you get to worry about licenses and permits to use your yacht depending on where you live. If you’re yacht is bound for sea, you’ll probably want to have a port to keep it at. Most of these places will have a monthly rate of around $15/ft. and usually have a minimum (such as 30 ft. minimum). For an average-sized yacht of 45ft you’re looking at $675 a month, just for your yacht to have a place to stay!
Before you decide if owning a yacht is really for you, make sure you consider the financial and logistical challenges that lay ahead. Owning a yacht is an extremely fun and rewarding experience that you’ll enjoy for years to come. All the same, if you’re not financially or mentally prepared to own and maintain a yacht, it could be a decision you end up regretting some time down the road. If you’re sure that you are fully prepared to enter the world of yacht ownership, or at least yacht enthusiasm, then let’s get started! We’ll start at the bare-bones basics and before you know it you’ll be a veritable expert on what a yacht is, how you can buy or rent one and where you should take it once you get it!
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