Everyone wishes to live a luxurious lifestyle, and what is a better way to do this than owning a yacht? Buying a yacht is one of the best ways to indulge and create long-lasting memories at the same time. You are probably already picturing yourself on a sleek boat with the wind in your sails.
So how much does a yacht cost? The answer depends on the type of yacht, age, and brand. Follow along for average yacht prices.
Types of Yachts
Typically a boat becomes a yacht when it reaches about 30 feet. This is considered very small and will be at a much lower price range than other types of yachts. It is commonly said that the larger the build the more luxurious it will be.
1. Sailboats
Sailboats use the wind to propel to their destination, but they do have an engine in case of emergencies. Sailing Catamarans are popular because they offer stability and ample space. These are more affordable yacht options
2. Downeast Yacht
These types of yachts are known for their simple layout. They handle the sea very well which makes them an excellent option for those looking to fish. Downeast yachts also have a good resale value.
3. Luxury Yacht
Luxury or superyachts are obviously the most expensive type. These are high-end boats that feature modern technologies, and extravagant experiences. These usually have professional crews and are used for pure pleasure.
How Much Does a Yacht Cost
When you consider style and price it should help narrow down the process of selection a bit. Here are the average prices for small yachts depending on their build:
- Luxury Yachts on average cost about 5 million dollars
- Downeast Yachts that are over 35 feet are priced at around $532,000
- Sailboats over 40 feet are worth $193,000
- Power Catamarans of all sizes are generally about $300,000
- Sailing Catamarans of all sizes sell for around $360,000
Cost of Owning a Yacht
The initial price of a yacht isn’t the only price to consider. While it is the most expensive upfront cost, there are additional expenses that require maintenance.
You should consider hiring a yacht broker so that the process can be much easier for you. View this yacht brokerage for the help you need in decision-making. Here are a few additional things to keep in mind for separate costs:
- Prepare a place to store the yacht
- Getting your captain’s license
- Purchase insurance
- Maintain its upkeep and routine appointments
- Salaries for the crew and captain
Get Your Yacht Today
Even though everyone would like to purchase their own luxury yacht, not every type is supersize or outrageously expensive. If you are still asking how much does a yacht cost, fully consider your needs. As long as you pick the right model and a modest size you should be able to start enjoying that luxury lifestyle you imagined.Â
If you would like more tips about lifestyle and travel, check out more of our articles.
