Would you love to own a boat and explore the deep waters around your country? Most people would and may fantasise about just that. However, ownership of a boat is tough, even for those who have a lot of money. Therefore, the alternative may be better for you, which is a boat or yacht share. It works similarly to time-share properties, but instead of owning part of a building, you own part of a vessel. You can have the advantages of ownership, such as prestige and relaxation, at a fraction of ownership cost.
Factors To Consider
Owning doesn’t just mean you buy the item, and you’re done. You want to use it, as well, which requires you to maintain and store it, keep it in good condition and to ensure its safety.
Most people aren’t likely to spend more than a month total each year on their boat. Their jobs and lives get in the way, as will illness, inclement weather and the like. With a yacht share, you only pay part of the total amount of the boat, which means you aren’t paying for all the months you don’t use it.
Most yachts come with a variety of extra perks that can be used by the owners. Jacuzzi tubs, high-end materials and more can all be found. You’ll be living the luxurious life with a yacht, all while knowing you didn’t have to pay as much to own it.
How Sharing Works
The management company, such as Luxury Boat Syndicate, will let you choose the boat you partly own. You pay for it and sign a contract. You may have to schedule your use time, but it will be shared equally by all owners. They handle storage and maintenance, so all you have to do is get on the boat and bring your favourite belongings with you.