The Advantages and Disadvantages of Living Aboard a Yacht

The Advantages and Disadvantages of Living Aboard a Yacht

Looking for an everyday exciting activity by living aboard a yacht could be right up your ally. The excitement of traveling in the blink of an eye anywhere you would like to go is very alluring to some. Depending on the kind of yacht you would like, it can be cheaper than owning a home. Be sure and compare the amount of money you would like to spend with the size of the yacht you would like.Some of the benefits of living on a yacht and not owning an actual home do not have to maintain some of the items you would if you owned a home such as mowing the grass. At a marina, you can also avoid living near noisy neighbors that may be bothersome when you are trying to enjoy some quiet outside time.There is however somewhat of a downside to owning a yacht as well, the maintenance on a boat can be very expensive but if you own a newer yacht, the maintenance could be cheaper than that of a older yacht. You will also have to take into consideration the cost of a dock slip.When you buy a home you can pay for it over a thirty year span. When you purchase a large boat, you can only pay for it over a twenty year span. So say for example you purchase a one million dollar home compared to a one million dollar boat, the boat is going to cost more each month as far as a mortgage, but you will also not have to pay as much in insurance, and property tax. In most cases, the interior space of a boat is much smaller than a home.If being near that water is something you crave, you could consider purchasing a home on or near the water. This too will increase the cost of a home. There are many pros and cons to either living on land, or choosing to live on water.In general, do your research before making such a large decision and do what is best for you and your family.

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