Study: My Understanding of
Why should You Go for Fractional Yacht Ownership?
Fractional yacht ownership is almost the same with time-share property but rather than having properties being shared by individuals, what is being shared here is a boat. Shared owners can enjoy all the benefits of taking part-ownership of the boat which includes the prestige of yacht ownership that can be used on open water. The best part, this can be enjoyed for just a fraction of the price of buying, maintaining as well as staring that normally comes with sole ownership.
An average boat owner does not spend a lot of days in their yacht in a year mainly because of two reasons; time and weather. By making use of the boat as timeshare, the shareholders do not spend fewer days on yacht compared to those who own the ship on their own; however, they need to stick to a schedule. Every shareholder is normally given with a given timeframe during non-peak and peak boating times. Normally, they receive the equivalent of the non-consecutive month a year.
By the time when your ownership of the boat is done, you can just walk away while letting the team that is managing the boat takes over and perform the cleaning and maintenance. Through this, you can have an assurance that the boat is always in tip-top condition and ready for travel. The team that is taking care of the safety concerns, as well as patrons of fractional yacht ownership, do enjoy a carefree trip without dealing with the upkeep costs. On the time on the boat, shareholders are free to sail where they want (of course, so long as it’s safe) and at the same time, bring whoever they want.
Not like when hiring an expensive charter boat, fractional yacht ownership program lets a person enjoy the freedom of redeeming their share of ownership for its value at any given point in time. This is for the same cost of chartering a boat for one season and with charters; there’s no investment or asset involved; just money lost. Because of the reason that the yacht has been maintained and care for very well by experienced and seasoned team, it is always in optimal condition for the resale value of the share and thus, maximizing the returns. With expensive charters, financial as well as time burden of sole ownership, it only makes sense to opt for fractional yacht ownership.
There are different kinds of yachts and boats that can be purchased by using fractional yacht ownership and thus, any budget could be accommodated. Smaller boats that have fewer amenities are typically more affordable compared to bigger boats. On the other hand, if you seek a less expensive alternative, you can go for older boats but if you’re after new boats, there are many being added to the fleet. As for potential shareholders, it is best to check first with the boating companies in order to see if there are new boats that will be available in the future that can accommodate their specific requirements and needs.