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Is buying a sailing boat a good idea? - pros & cons

30 November 2023

You are thinking of buying a sailing yacht? Maybe you are fed up with mediocre charter boat experiences and play with the idea of becomig a yacht owner yourself: settling on whether you should buy a sailing boat is an incredible journey and a significant milestone. It's a decision brimming with many compelling questions - ones that involve finances, lifestyle changes, personal enrichment, and even the potential to bring your loved ones into a new world of exploration and pleasure. 

Are you ready to channel your resources into this new chapter? What kind of fresh experiences are you excited to embrace? How might this decision enhance your life and those of your family and friends? What are the challenges and maybe downsides as well?

In this article, we will examine the pros and cons of buying a sailboat, drilling down into the specifics to give you a comprehensive understanding. 

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Becoming a sailboat owner: a big step indeed

When you're asking yourself, "Should I buy a sailing boat?", you're pondering a distinctly unique experience. Sailboats deliver an engaging fusion of adventure, tranquillity, and profound interconnection with the natural world. Whilst they often differ from motor yachts in beautiful simplicity, utilising the power of the wind to convert a regular journey into a seamless dance with the elements, they are demanding a certain skillset from those who want to use them. As each single voyage morphs into a demonstration of skill, perseverance, and adaptability, making each destination earned rather than merely reached. This is the allure of sailing – and your local dealer will certainly understand what drives you. He is a rich source of experience you may tap, accompanying you along your way from a landlubber noob to becoming a yacht owner and skillful skipper.

Person looking at sailboats

Should I buy a sailboat? Let's weigh the pros and cons  

The answer isn't as straightforward as a simple yes or no. A boat has no real practical use, like a car, it is pure leisure and luxury. No matter which size of a yacht you have in mind, it is a spending solely done for your wellbeing. Your decision hinges on a myriad of variables, including personal preferences, lifestyle, and of course the financial circumstances.

To help you navigate through this crucial decision, we've compiled a succinct list of the potential pros and cons. What follows is an expansion on each point, aiming to provide a comprehensive understanding of the nuances of sailboat ownership. 

Pros of owning a sailboat  

  • Unique adventures and experiences, both inshore and offshore

  • Sense of real freedom  

  • Physical fitness and mental well-being  

  • Skill acquisition and intellectual stimulation  

  • Camaraderie among sailors and crew 

Cons of owning a sailboat 

  • Owning a boat brings costs 

  • Unpredictability due to weather: it´s an open air sport

  • Venturing out to sea brings potential risks

  • Limited space and comforts

  • Time and commitment required  

  • Potential isolation if sailing on your own 

Financial aspects of owning a sailing yacht

Pro - Profit potential during non-use periods 

With proper care and smart decision-making, a sailboat may be a worthwhile investment. You might even generate secondary income by offering charter services or using it as a vacation rental when not in use. Whilst this is a solution not many owners choose, it may be worth considering.

Con - Owning a boat brings costs 

Nevertheless, buying a boat purely for financial gain is a waste of money. Yachts will depreciate over time. Plus, from high maintenance costs to sailboat insurance, docking fees, and potential repair bills - the expenses are adding up. Many owners accept this due and take it as their ticket into exciting world that makes them happy.

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A factor to consider is if circumstances change and you'd want to offload your vessel. Generally, sailing boats depreciate about 15-30% in the first year and around 10% in the following years. The resale value depends on the boat's condition, brand reputation, and market demand. If kept in a well maintained state and upgraded regularly, resale value may be higher than average boats. Also, selling in the first 2 years with a still active warranty will also be considered a plus.

Sailing changes your life profoundly: lifestyle considerations 

Pro - Unique adventures and experiences  

Sailing may be the last truly “free” space of our society where you can literally chart your own course. Sailing across a crystal-clear bay or dropping anchor in a secluded cove for a night under the stars? It´s just up to you where you point your bow. Owning a sailing yacht opens doors to unique travel experiences and fosters a deep appreciation for Mother Nature's breathtaking beauty. It offers the freedom to explore the world on your terms and at your pace, becoming an active participant in the world's natural wonders. 

Con - Unpredictability  

While you're indeed the captain of your ship, it's important to remember that nature calls the shots for the most part. Unpredictable sailing conditions can alter plans, and the lack of conventional luxury might be uncomfortable. Especially for partners, friends, or family sailing as guests with you. But you'll quickly find that life on a boat introduces a new, thrilling kind of comfort: the beauty of simplicity. Embracing the sailing lifestyle isn't just about sticking to the script but revelling in the joy of adaptation and discovery. 

Should you buy a sailing boat to live aboard? 

Pro - A home on the water  

Buying a boat might be a good idea as it can become your unique home or a cherished secondary living space. With the ever-expanding lifestyle of the digital nomad, sustaining an income under sails becomes more and more attractive. Even part-time boat office weeks or sabbaticals are increasingly popular even in ordinary jobs. With your sailboat, you'll have front-row seats to spectacular sunsets, serene mornings with coffee on deck, and the ability to change your location at your whim. This can provide a sense of freedom and tranquillity unparalleled by traditional living arrangements. 

Con - Limited space and comforts  

No matter how large your sailing yacht will be, life aboard a sailboat brings a unique perspective, where the confined spaces and limited amenities will need getting used to. Storage could be seen as a fun puzzle, and privacy just means getting closer to your companions. Everyday conveniences such as water, power, and waste management become crucial considerations that require careful planning and, sometimes, creative solutions. When mastered, it can lead to a more happy, sustainable and joyful life, free from the restraints of what your shore-based existence once have imposed on you.

A scale in front of a sunset

Sailing is healthy: well-being as a yacht skipper

Pro - Physical fitness and mental well-being  

Sailing is a an activity that demands quite a range of physical strengths. Thus, its a great way to maintain fitness. Sailors are usually quite healthy people due to the active lifestyle, even up to a respectable age. The serenity of being on the water and the connection to nature can also do wonders for mental well-being, reducing stress and fostering a sense of calm and fulfilment. 

Con - Potential risks  

Yet, it's also necessary to acknowledge the physical considerations and potential for stress that can arise. Severe weather conditions, the strain of constant boat maintenance, and the inherent unpredictability of the sea are factors will keep you busy. Sometimes even stressed. However, a good understanding of weather patterns, having a maintenance routine, and maintaining a professional boat-safety code of conduct can greatly mitigate these challenges, even for those new to the maritime lifestyle. 

Sailors grow in their personality

Pro - Skill acquisition and intellectual stimulation  

Sailing is a continuous journey of learning. It never ceases to amaze, to excite and to teach. From understanding the basics and intricacies of navigation and meteorology to gaining a practical application of physics, owning a boat can be a good investment to provide lifelong intellectual stimulation. As a sailor, you will certainly be challenged by unexpected situations. Mastering those will teach you to be humble, creative, laid back and multi-skilled. Meeting so many interesting people underway, having access to the most beautiful and secluded spaced will certainly alter your personality.

Con – Sailing is a commitment that requires a lot of time 

Whilst you can look forward and be prepared for a steep learning curve, be aware that mastering these skills requires considerable time, patience, and dedication. Weekends once spent lounging may turn into lessons on knot-tying, weather-reading, and boat maintenance. Sailing is often a trial of your patience as calms may shatter plans, days become nights, and weekends become weeks. This commitment may prove to be impractical or daunting for those with a busy schedule. In this case, your local dealer will suggest a smaller daysailing boat. It´s certainly a more easygoing hobby for owners with a more relaxed schedule. 

Social implications of sailing 

Pro - Community and companionship  

For many, sailing isn't just about the boat; it's about the community you join. Be it a sailing club for the thrills of racing or the traditions of a yachting club. The camaraderie among sailors can foster deep friendships, and shared experiences often create life-lasting bonds. 

A group of people at a port

Con - Potential isolation and accessibility issues  

Extended sails or a secluded life aboard a boat could lead to feelings of solitude. As with everything, if prone to symptoms of depression, sailing may not be a good idea for you. But if shared with your loved ones, family or dear friends, it can be a vivid part of recovery. Sailing is an opportunity for reflection, relaxation, and greater connection with those onboard. Moreover, while the sailing community may seem exclusive at first glance, it is typically warm and inviting, with plenty of experienced sailors eager to help newcomers.  

Should you buy a new sailboat or a used one?  

For many of you, this may have been the first and most important question initially starting to read this article. First time boat owners typically favour the latter whilst experienced sailors fancy the advantages that a brand new sailing yacht offers. Let´s delve deeper into this topic:

Pros & cons of buying a new sailboat 

Only buying a new sailing boat brings the true certainty of pristine brand new condition and flawless performance. Fresh out of factory, commissioned by a competent dealer, you new yacht comes with untarnished sails, shining rigging, and the latest navigation technology at your disposal. In short: it's a seamless entry into your sailing journey. The advantage extends to sailboat customisation – you can specify layouts, choose electronics, and even select the colour scheme. Plus, you gain the peace of mind of a manufacturer's warranty, which offers an added layer of protection against unforeseen issues. However, these benefits come at a price: often, upfront purchase prices for new sailboat exceed financial capabilities of first time buyers. No panic: boat loans and buying on attractive credit schemes may be the solution to acquiring your dream yacht. Over time, as with a new car, your shiny new sailboat will depreciate the moment it hits the water, and you'll bear the brunt of that initial cost.

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Is buying a used sailboat a clever alternative?

On the other hand, a used sailboat can provide excellent value and may be the starting point for a sailing career. Prices for second hand yachts are significantly lower, and depreciation is less of a concern. If you're lucky, you may even find a boat with desirable upgrades already installed. However, pre-owned boats have risks - hidden defects, worn-out sails, or outdated electronics. You'll need to factor in potential repair costs, and a thorough inspection by a professional is essential before purchase. For starters, if you aren´t so sure if sailing is the lifestyle you or your family really want to engage in, you may start gaining experience for the first seasons, sell your cheap used boat and go for a brand new yacht of your dreams.

Is buying a boat a good investment? 

From a strictly financial perspective, one might consider buying a boat a bad investment. Sailboats, like other luxury goods, depreciate over time. Ongoing expenses like maintenance, docking fees, insurance, and potential repair costs add up and should not be underestimated. There's also the initial outlay to consider. For these reasons, expecting a financial return similar to traditional investments like stocks or real estate will lead to disappointment. Sailboats are for leisure and happy times, not for investors.

However, this may not the case if you're planning to venture into business with your sailboat. Chartering your vessel for sailing experiences, overnight trips, or using it as a unique platform for events and celebrations could turn it into a lucrative endeavour. Water-based tourism is a growing market with increasing demand as people continuously seek unique, immersive travel experiences. Even investing in a chartered yacht as part of a professionally managed fleet may be worth considering: while many of these schemes do not really pay a return of investment, those charter management schemes usually pay for maintenance and seasonal costs and also freeing you from taking care of the boat. However, limited access to “your” boat is a thing to consider as well.

From a lifestyle perspective, the picture can be entirely different. For many, the freedom, enjoyment, and experiences a sailboat brings are incomparable. Sailing offers a unique chance to explore, unwind, and forge unforgettable memories on the water. The investment here is in your quality of life, personal growth, and shared experiences with loved ones, which can be deemed priceless. So, while your sailing boat may not appreciate in monetary terms, the value it adds to your life and the lives of your loved ones, children or friends could make it a good investment indeed. 

Should you buy a sailboat? The bottom line 

You should approach the pros and cons of buying a new boat from various perspectives. The conclusion will significantly depend on your unique circumstances and personal preferences, mostly your financial and time-related constraints.

From a purely financial standpoint, buying a sailing boat might not make for a traditional investment. Yet, the prospect of the sunlit moments of bonding with friends and family or the camaraderie that blooms with the crew as you navigate through the journey together, is an investment in quality of life in itself. Your mental well-being, significant stress relief, so many adventures, and self-discovery are worth it. 

Being a part of the sailing community also adds a new dimension to your social life, allowing you to forge bonds with like-minded individuals, enhancing the fun of sailing and boat ownership. 

If you're still unsure or have questions needing answers, reach out to your nearest local dealer. You never lose by getting advice from the experienced who once stood exactly where you are now.

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