Buy or build?
Either buying an existing superyacht or commissioning a large new build are rewarding experiences when properly managed. Each offers certain advantages over the other but the net effect of one very happy new Owner remains constant!
Forget the old saying of the two happiest days in the life of a yacht Owner are when the yacht is bought and sold! The truth of the matter is that owning a yacht offers the greatest pleasure, if one can afford it!
We have always maintained that ideally the cost of a yacht should remain in the region of 5–10% of the available wealth. For those who are in the luxurious position to have the necessary financial power, a yacht is the ultimate escape, offering you all the freedom to sail around the hotspots of the world while others experience the numerous limitations of land-based hospitality.
Not every investor has time or knowledge to build his or her dream yacht. With the existing yacht brokerage market clearly being a buyer’s market, Clients see the advantage of buying existing yachts or projects at attractive prices.
However, a new build can offer huge awards in the long run. Shipyards have available capacity and the yacht construction industry as a whole is eager for new projects. As never before, designers have exciting visualisation possibilities. Supported by years of experience and vast knowledge, new ideas and technologies are preparing the path into the future.
With the right team, building your dream yacht is tremendous fun and an immensely satisfying process.
Buying an existing yacht offers:
- immediate availability
- financial saving
- a track record
- a base for refit.
Building a new yacht offers:
- scope for high degree of customisation (or even complete design control)
- an opportunity to innovate and use the latest technology
- the experience of building your dream yacht
- unlimited choice.
Benefits
Immediate availability
The entire purchase process (from selection to sea trials) may take just a few months or even weeks.
Track record available for review
For example, if you want to buy a yacht for charter, we can tell you which ones are popular with charter Clients. A yacht's logs can also give you an idea of its maintenance expenses.
Financial savings
An existing yacht for sale can often be bought for a lower price than a newly-built model or building one yourself.
During negotiations, it is also usually easier to achieve financial savings. We understand the true worth of every yacht and will help you to make a reasonable offer that gives real value for money.
Refit for the yacht of your dreams
Refitting an existing yacht (tailoring it to your tastes and preferences) is both faster and more cost-efficient than building a new yacht, which can take years and great expense.
Scope for customisation or design control
From the outset you will have exciting choices to make, whether you want to:
- buy a proven design as is or customise it
- have your new yacht designed from scratch by the architect of your choice.
An opportunity to innovate
The latest technology and design innovations can be incorporated into a new-build yacht with the designer and shipyard taking due care to ensure the functionality of the yacht’s systems at each step.
The experience of building a yacht
It may be a long process but most yacht owners who decide to take the new-build route find it ultimately rewarding.
The key to enjoying the experience and reaching your personal yacht building goals is good build management. There is no substitute for clear communication and a dedicated build/project manager overseeing your project at all times.
OCEAN Management offers this service and has an exemplary record.
Unlimited choice
Two phrases to keep in mind when building a yacht: 'The sky is the limit' and 'Good things come to those who wait'.
Your personal vision for your new yacht and the fantastic choices offered to you will require contemplation, time, patience and an experienced guide.
Your broker and project manager will be there every step of the way, so that your decisions are well informed and correctly executed for a final product that is truly the yacht of your dreams!
Find out more about buying a yacht to refit with OCEAN Independence (OCI). Alternatively, read about the benefits of building your own yacht.
