Owning a yacht brings many pleasures but there are also several factors to consider before you start hunting for your next toy. An obvious place to start is the cost of actually owning a yacht. You’d be surprised at the amount of first-time buyers who greatly underestimate the cost of owning and operating a yacht. Generally, you should expect to spend 10% of the boat’s value annually to cover additional expenses including: berthing, fuel, insurance, maintenance, and crew.
