Boat maintenance: maintenance expenses
The main expenses after the purchase of the boat are just beginning. After all, the maintenance reaches up to 20% from a cost of a yacht annually. To entrust your life and leisure to a yacht, you need to keep it in good condition all the time. The maintenance of a boat needs time and money. You need to be prepared for the fact that the yacht will have to spend a lot of time in order to maintain good condition.
The first thing that owners of boats face is its storage. On average, berth rent per day will cost from 35 to 50 euros. Annual storage will be from 4000 to 5000 euros. Approximately the same amount will cost winter storage. The cost will depend on the size of the yacht.
Technical inspection and repair of a boat
The maintenance of a boat is not only storage and fuel, but also constant care for it. The vessel needs constant inspection for mechanical damage. Need a complete inspection, namely: the chassis, body, sails, etc. Regularly need to be done diagnostics of the general condition of a yacht. All checkings are being done when a yacht is completely removed from the water. When faults and defects are detected, repairs must be done. Before winter storage, you need to make a full report on the condition of a boat.
Motor yachts usualy use diesel fuel. Sailing yachts also use a diesel engine while docking or when thers is no wind. All boats consume fuel in different ways. On average, a sailing boat consume from 5 to 10 liters per hour, and a motor boat from 50 to 300 liters per hour.
Crew on big yachts
Large yachts require special attention, professional management and high-quality service. For its management, it requires maintenance personnel, namely: the captain, the captain’s assistant, mechanics, hostess and others. In such cases, it is necessary to add to the maintenance of the yacht the salaries of the working team and provide them with food, work clothes, and accommodation.
All boats must undergo mandatory checks, which the owner pays from his private pocket. This procedure guarantees technical and legal protection of a yacht in a foreign state.
The insurance is about 3% per year from the cost of a boat. The price can fluctuate, from the insurance conditions. This procedure protects the owner from big unforeseen expenses on yacht damage, but also to protect other party, as well. In this case, the cost of insurance of the yacht increases.
Boat maintenance expenses
Yacht maintenance is an expensive pleasure, which devastates a wallet. It is profitable to maintain it if it was purchased for commercial exploitation and when the vessel brings an income that can cover all costs, and for a couple of years pay back completely. Over time, it brings an excellent income. In fact, it is extremely unprofitable to buy a yacht for yourself. It is more profitable to rent a boat if it is used for recreation.
True connoisseurs of the sea, choose to buy their personal yacht. They do not care how much the yacht costs. After all, what could be more interesting than traveling on a personal route? However, it is extremely unprofitable to buy and maintain a yacht for yourself.