Top 6 things to know about yacht valuations
Here are six variables to consider while determining the superyacht's value. 1) The Size of the Yacht Size obviously matters. Larger yachts are more expensive since they provide greater space for everyone on board. It's crucial to think about the overall length as well as the interior square footage. Both will have a direct impact on the boat's value. 2) The Age of the Yacht Obviously, age plays a role as well. Older yachts are less expensive because their bodies have previously been subjected to severe wear. A yacht's typical lifespan is determined by its state of repair (see below), although a boat towards the end of its life is less valuable to both the seller and the buyer. 3) The Location of the Yacht When buying or selling a boat, you might be surprised at how important the location is. Warmer climates are associated with more expensive ships, whereas colder climates and less popular ports are associated with lower values. At the same time, yachting is a supply...