When buying a boat, most buyers only focus on the boat purchase price. As a matter of fact, most aspiring boat owners use the purchase price as the main factor when deciding on the boat to buy. At the end of the day, most of them realize that they made a mistake. This is more so because boats that are expensive to maintain tend to cost more. To avoid buying the wrong boat, you must get the services of a boat inspector Fort Lauderdale trusts. This is, without a doubt, the first cost you must plan for.
Cost of working with a boat surveyor
As you may already know, the role of a boat inspector Fort Lauderdale is to comb through every inch of the boat you are buying. The boat inspector inspects everything in order to come up with a detailed report. The surveyor may also recommend a sea trial to get a feel of how the boat performs. At the end of the inspection, you will be provided with a detailed boat survey report. The report will give you a detailed picture of the condition of the vessel. Needless to say, working with a boat surveyor costs money. The service costs about $20 to $25 per foot of the boat. While this might seem like an unnecessary expense, it will save you a lot of headaches in the future.
Operating costs
Whether you are buying a motorized or sailing boat, you have to think about the operating costs. For motorized boats, the main cost goes to the purchase of fuel. You also need to prepare for the cost of maintaining, repairing and replacing the batteries, pumps, oil, lights and other equipment. Boats are prone to wear and tear. This means you have to set a budget for maintenance.
Insurance
To protect your investment and to be able to operate in some harbors, you will need boat insurance. Getting boat insurance is important if you operate your boat in areas with high traffic. Insurance can cover all manner of things depending on the cover you select. Keep in mind that you may have to hire a marine surveyor for a mandatory insurance survey. The premiums you pay will depend on the insurer you are using, the condition of your boat and the type of cover you select.
Storage
Your boat will need to be stored somewhere when you are not using it. The cost of mooring and storing a boat is one of the biggest expense boat owners incur. Most storage facilities calculate costs based on the size of your boat. You may be billed annually at a discounted rate or monthly. Keep in mind that while storing your boat at the marine gives easy access to the water, it is more expensive.
When buying a boat, don’t focus only on the purchase price. Take note of the ongoing costs. The last thing you want is to buy a boat that is too expensive to maintain.
Boat Inspector Fort Lauderdale