For those that live near the water, owning a boat is something you may have considered. However, before you make the purchase, you want to be sure that it’s the right choice for you. It’s a lot of money to spend on something if you’ll never get time to enjoy it.
Below, we are going to go over just some of the different pros and cons of owning a boat.
Want to learn more? Then keep on reading.
Pro: They are perfect for entertaining friends
One of the most well-known advantages of owning a boat, especially when you have your boat outfitted, is that they are great for entertaining guests. During weekends, holidays, and special occasions, you get to head out onto the water, enjoying the breeze while having fun. Not only will you get to spend quality time with your loved ones, but you even get a chance to share your expertise.
Con: You need to have skills and experience
Owning and running a boat requires an extensive set of skills. It’s not like you can purchase one and hop on it straight away. You need to have a license and regularly brush up on your knowledge to keep yourself and your passengers safe. For those that don’t have a lot of time, this can undoubtedly be considered a disadvantage.
Pro: There are many experiences you can enjoy
Boats open up a whole new world of experiences that you can enjoy. You might decide to go fishing, diving, or even just for a leisurely swim. Every time you hit the water, you get to choose what adventure is next. It’s like you’re on vacation every single weekend.
Con: They require a lot of commitment
One of the biggest downfalls of owning a boat is that they are a lot of work. You constantly have to care for them, and they require a significant financial commitment. Some of the different expenses will include:
– Insurance: You’ll need adequate coverage to protect yourself and others.
– Storage: Docking at the marina and winter storage units can cost thousands a year.
– Equipment/Accessories: Life jackets, paddles, and first aid. The little things all add up.
– Maintenance: From issues that require Volvo Penta repair parts to general cleaning. There are many maintenance costs.
Pro: You get to join a friendly community
Alongside entertaining your own guests, another benefit is that you get to join a friendly community. You’ll meet like-minded individuals, share experiences and make incredible memories.
Con: They depreciate in value
Finally, the last con of owning a boat is that they depreciate in value rather rapidly. If you do decide after a while that you no longer want to own it, you’re never going to get back what you originally paid. This can be irritating, especially since you may not have even used it that much.
When it comes to deciding if owning a boat is right for you, it ultimately depends on how much use you expect to get out of it. The disadvantages will be worth it if you are dedicated and responsible.