So, you’re thinking of adding a boat to your investment portfolio. A boat can be seen as a status symbol for some or a way to explore life in a completely different way off land for others. It can be a luxury leisurely asset for you to enjoy, or it can be a way of life opening up new and exciting opportunities for you.
But what boat is right for you, and how do you choose your vessel to take to the water and deliver everything you need it to?
Purpose
Before you start looking at boats, you need to identify the purpose of the boat. For example, if you’re after something that allows you to take luxury trips to the water, your needs are going to be wildly different from someone wanting a boat for occasional weekend fishing trips. Whether it’s cruising watersports or a mix of different activities, understand how and why you will be using the boat to help you narrow down your choices.
Size and Capacity
Next, you want to determine how many people will be using the boat and what you want the maximum capacity to be. Boats can range from a one-person watercraft to massive cruise liners. And while you are likely not in the market for something the size of Icon of the Seas, knowing how many people will be joining you on board or can join you on board will determine the size, which in turn will determine the price you can be looking at paying.
Budget
Following on nicely, setting your budget can be a great way to whittle down your options and help you find the right boat. You need to have set parameters for the type of boat you are looking at, and a budget will help you here. Don’t forget to consider the ongoing financial aspect of owning a boat, including insurance, fuel docking fees, and maintenance. The bigger the boat, the more the ongoing expenses will be.
Quality
Once you know what type of boat you are looking for, you can assess the build and quality and ascertain the durability and craftsmanship. Some boats will have different features that can work for or against what you want them for, so it is important to do your research to find the right quality boat for your needs.
Engine Size
Much like an on-land vehicle, understanding the engine power and capabilities can help you to identify how reliable it will be and get an idea of the type of horsepower you will be looking at. Consider the engine type: is it an outboard, inboard, or stern drive?
You also need to find the correct horsepower for your boating needs. Checking out different manufacturers, such as Premier boats for sale, can help you learn more about what is available and what you will need.
Safety Features
Whether you’re a seasoned boater or a novice, safety should always be a top priority. Your boat should be equipped with adequate safety features, including life jackets, fire extinguishers, sound signaling devices, and navigation lights. Consider aspects such as flotation stability and how the boat handles rough water to ensure your safety on the water. By prioritizing safety, you’ll feel more secure and responsible as a boat owner.
