Many people dream about owning a boat. In a way, it’s the same as buying a house. Depending on the type of boat you want to buy, be ready to shell out anywhere between $25,000 and $100,000. A costly purchase such as this can also be financed by taking out a loan.
There are several things you need to consider before going ahead with your decision. The simplest one is: Will you be able to take out time to go for a sail? Your professional and personal life often leaves little room for leisure life. So, if you are adamant about buying a boat, we suggest you adjust your schedule. Otherwise, your expensive boat will be covered with a tarp and docked at a marina.
Now that you have made a pact with yourself that you won’t neglect your boat, let’s look at the things you need to consider before making the purchase:
Don’t Pass on the Inspection Process
If you have decided to buy a used boat, inspect it thoroughly. Take it out for a test drive to get the feel of the boat. Get the boat checked by a marine surveyor to discover any internal issues that might make it a bad purchase. Here are a few questions you should ask the seller:
- Why are you selling?
- How long have you been sailing this boat?
- Has the boat ever been serviced?
- Do you have a warranty, and is it transferable?
- Have you encountered any trouble while sailing your boat?
Know All Boating Costs
Owning a boat comes with a lot of responsibilities. We are talking about maintenance, proper operation, and storage. The simpler and smaller the boat, the cheaper your expense will be after the purchase. A few other things that add to the cost are boat trailers, cleaning tools, fuel, and docking charges at the marina if you don’t have a floating dock.
Sail or Motor
This decision could make a world of difference in terms of upkeep. Boats powered by a motor are easier to drive than boats with sails that rely on the weather and wind. Your personal preference will help you choose here.
If the purpose of buying a boat is gentle cruising or fishing, a sailboat is ideal. If it’s water-skiing with the kids and cruising at high speed that you want, a powerboat will suit you better.
Research Storage Options
Where do you live?
We ask this question because owning a boat will prove convenient for you if you live by the lake. You could get a dock installed and a shed built for storing the boat. The right location will also allow you to save money on docking charges.
So, have you made up your mind yet? If it’s a yes, better start making the other preparations. If you have a lake house, we suggest installing a dock.
Visit the Nor Col EZ Dock website for quality floating docks. The company also offers do-it-yourself docks, covered floating docks, plastic docks, kayak launches, etc. For a quote and more information, call (800) 654-8168.