The concept of a “good deal” is particularly subjective and depends on the perceived value of each customer’s yacht — these aspects are seen as qualities, not flaws; not clutter. And, of course, it also depends on what the buyer is really looking for from the yacht. For many, a “good deal” seems to be associated with a price — it is implied that a yacht with its price reduced by ten million dollars is a yacht offered at a discount. However, there are those in the industry who disagree - since 2005, the yachting market has been experiencing quite a significant increase in prices. A good deal always depends on the yacht itself - its history, age, any repairs and corrections that went through and when. To find out, good or not, you need to look at the background of the yacht. Any major price cuts or cuts do not always look, and in some cases they should mark risky investments. The best thing you need to do is seek advice from yachts that you can consider, with an emphasis on the right package as a whole, not just the price.
“Good value” is not only price, but also opportunities or obstacles that it may represent in terms of potential future chartering, current expenses, creeds, possible updates and corrections and, of course, resale prices. It is assumed that you have or seek experience in all elements of the process in order to make an informed decision about your investment. Some buyers are looking for purely short-term investments, while others expect the ship to be kept in a family for several generations. Buying a yacht is a very personal decision.
An example of this is the 40-meter Feadship, a great brand with a shipyard with excellent build quality, known for building timeless yachts in its design and appearance. This may represent a significant part in terms of the purchase price, but in fact you need to take into account the cost of the crew and manage the boat. In addition, capital will have to be spent on refurbishment, which will require additional costs. Before you know it, your budget to feed your passion for yachting is blown up! This brings us back to the notion that “real value” is not only price, but also the pursuit of the ideal yacht that suits you.
Some may have seen the Feadship as an exciting project that would give them great value for money. Having made their mark on the yacht during the conversion, they have a personal yacht, designed in accordance with their tastes, at least another ten to five years. For others, taking on such a project, it will be a nightmare if they are looking for a yacht, which does not need much to think about. Therefore, regardless of the price, this boat would not be for them. Instead, it would be ideal to have another vessel with less maintenance, less crew and no problems with repairs.
Yacht brokers can provide you with the information you need to know when it comes to deciding which yachts are best for you. How clear and detailed information when you choose your boat is key. In fact, your broker’s responsibility is to provide the most sensible and accurate information about the yacht - this is important not only in terms of acquisition, but also when it comes to selling at a later stage. It is imperative that brokers be able to convey facts and figures in detail and reliably to potential owners. This creates credibility and demonstrates the element of transparency. The ideal broker will be one of those who offer the “warts and all” approach, offering a frank opinion of true value, rather than simply providing the answers that the owner wants to hear. This should be the fundamental philosophy behind the brokerage company. A brokerage house for yachts, which can satisfy these requirements, is sure to preserve honesty and professional relations with key clients and those that are recommended to them.
When it comes to investing in new construction, you must also look for a brokerage house that boasts the experience of marine engineering architecture, environmental design and project management. It is important that the team of managers and brokers work closely together so that customers who invest in new construction receive the best deal on yacht rates and tariffs, yacht design, materials and engineering efficiency. This inspires confidence, giving customers peace of mind.
Brokerage houses that impress customers the most are the ones that do a lot of work on their feet for them, which allows them to get the best advice. This is done by cruising, traveling and exploring a large number of yachts and visiting study tours to gather information. This information is able to find the best boats and the best crews that meet the needs and preferences of the client, as well as save time, money and heartache. Finding peace is finding real value in yachting — that's the true “good deal.” When a client can rely on brokerage to be well informed, smart and brutally honest, they will find true peace of mind when buying a yacht.
