Are you looking to dip your toes into the boating scene? That’s great, but you may find it difficult to decide how to get started. There are multiple boating opportunities to choose from, including buying a boat, chartering a boat or sharing a boat with other like-minded folk.
It used to be that you had to choose between chartering a boat and owning a boat. But now, another choice has been thrown into the mix, with the option to join a boat share club. This is a hybrid model, that offers you the best of both worlds and allows you to share the commitment with others. Let’s look a little closer at these three options, so you can decide which is best for you.
Boat ownership is a dream for many, however, it is a costly and the most time consuming option on this list. If you buy a second hand boat, it’s likely to need upgrades and regular maintenance, which comes at a cost. If you have the skills, you can do this yourself, but this will need time investment.
To offset some of the costs, it’s possible to rent your boat out for part of the year as a charter boat. Or, you could join a syndicate and share ownership, which will ease the burden of ownership. However, this option means you’ll have to be more flexible with the times you access the boat and share the decision making with others.
There are many different options for a yacht charter. These include:
Boat rental companies offer charters where you can choose the type of boat for your charter and whether you want a crew or will sail yourself. Bare boats are a great option if you have sailing experience and want complete control over your sailing destination. Crewed boats are the best option if you want to totally relax and have experienced crew drive the boat and take care of your every need.
Fractional ownership is an affordable way to experience boating life, without having the commitment of buying an entire boat. Owner’s co-own a boat together and share the costs.
Some co-owners ensure that their boat is managed and chartered by a professional company that looks after the maintenance. This ensures the costs and profits are equally share between owners and the maintenance outsourced. Co-owning is a great option for beginners and more experienced boaters, who want to socialise and get a good amount of time on the water.