As head of our Sales team since 2012, Russell brings skills and experience from over 20 years of yacht brokerage success... Read more
A complete control over the finish product... Read more.
The first reason to build a luxury yacht versus buying is complete control over the finished product. While a superyacht purchased on the brokerage market can be retrofitted and modernized, it is still an existing hull with particular specifications. A new yacht construction project has no such limitations. The new owner is never at the mercy of decisions made by the previous boat owner, decisions sometimes made many years ago, when current options were simply unavailable.
Another reason to building a yacht versus buying is a desire for specific onboard amenities. Every would-be yacht owner has a wish list of features that he wants onboard the boat, and with a new yacht construction project, every single one of those features can be incorporated. By contrast, with a brokerage market yacht, compromises often must be made —especially if items on the wish list include cutting-edge technology at the helm, in the audiovisual system, or in the engine room.
Finances, too, are important to consider when deciding to build a yacht versus buying. While a new yacht construction project is likely to require a larger up-front investment than a brokerage purchase, the new construction owner is likely to see great value from that investment. This is particularly true during the earliest years of ownership. New construction yachts generally have lower maintenance budgets than brokerage market yachts, since all systems are newly installed and covered by factory warranties. New construction yachts entering the charter market draw the highest-possible yacht charter rates, with even a few weeks of bookings each year helping to seriously offset running costs.
Resale value of the yacht, too, is a primary advantage of a new construction superyacht. Builds from top shipyards historically have maintained exceptional value over time, in some cases selling several years later for a price very close to the original construction cost. And of course, there is the simple pleasure of being able to spend time aboard a pristine yacht. New construction comes with the beauty of carpets where wine has yet to be spilled, the comfort of beds where no one else has slept, and the knowledge that everything is just as it should be in the owner’s mind. Few of life’s experiences can offer such pleasures. Read more.