We’re all familiar with the current popularity of owning investment properties. You buy a home or apartment and the income from your renters helps to pay off the purchase and afterwards provides a bit of extra income.
What if instead of an investment property, you bought a charter boat?
You can take your sailing holidays a few times a year, and the rest of the time your boat is being rented by others and maintained by the charter company. You pay off the cost of buying the boat, get a bit of extra income and free holidays!
Before you go looking for charter boats for sale, it’s important to get a full understanding of the whos, whats and whys of owning a charter boat.
Who should own a charter boat?
First of all, if you want to own a charter boat you should enjoy sailing. Being able to use the boat yourself for sailing trips is one of the most rewarding benefits of owning a charter boat.
Secondly, you should enjoy travel. You can use your boat to see the world, have new experiences and enjoy amazing places with family and friends.
Finally, you should own a charter boat if you love sailing but don’t have the time to maintain the boat yourself. The charter service will ensure that your boat is perfect and ready for use when you show up to use it. You don’t have to worry about constantly tending to it’s upkeep.
Who looks after the maintenance of your boat?
The charter company looks after your boat when it isn’t being used. They check it thoroughly and keep it well-maintained.
The company will also staff your boat with a crew when it’s being used so you, or your renters, can enjoy your holiday.
Who uses your boat?
You do! Most charter boat owners use their boats between 14 and 60 days per year. You would want to use it at least a few weeks as owning it will offset the costs of what you would normally pay for your holidays.
When you aren’t using your boat it will either be looked after by the charter company or rented out.
What types of income can you generate from owning a charter boat?
Depending on the boat, gross income can be between $100,000 and $180,000.
Over 50% of that income goes towards management fees for the boat. The remainder, typically around 35%, goes to the owner as net income. This income can then go towards paying off the cost of the boat.
Essentially, you buy a holiday that pays for itself, depending on how much of the boat you’re paying off at the start.
Why should you buy a charter boat?
You should buy a charter boat because it’s a cost effective and effortless way to make the most of your love of sailing. It pays for itself and essentially takes care of itself.
You and your friends and family can enjoy exploring and traveling the world from the comfort of your own boat. Then, when you’re not using it, you don’t have to give it another thought.
Most big purchases require a lot of upkeep and care, but with a charter boat you get to enjoy doing what you love without the work!