Do yachts have resale value?

Yachts from in-demand builders hold value better than others, and maintenance is also a big factor in resale value . Deferring maintenance or refittings can cut into your resale value.

How are yachts valued?

Our valuation will be based on our expert knowledge of the market, recent selling prices of similar craft, as well as current asking prices in the market . We will also take into consideration any costs associated with transport, preparation for sale, stocking costs and warranty.

What is the 10% rule for yachts?

I'm sure most of us have heard of the "10% rule": a boat costs about 10% of the purchase price to maintain per year . It's usually said in the context of used boats, and it rings true to me. There's another rule thrown around which suggests "2% of the price when new" is the rule.

How old of a yacht should I buy?

But if you're looking for a pre-owned yacht, what's the best age to aim for? Ten to 15 years in the life of a yacht is a key juncture where some spending will often be needed to maintain value, but initial depreciation has levelled out. It's also a part of the market with big variations in price.

How do I find the value of my yacht?

Much like the Kelly Blue Book is used for valuing automobiles, there are three main price guides used for valuing boats: NADA Marine Appraisal Guide, BoatWizard's SoldBoats database, and the ABOS Marine Blue Book .

What is the average income of a yacht owner?

According to industry insights, the average annual revenue for a yacht charter business owner ranges impressively from $300,000 to over $1 million , highlighting the lucrative potential of the industry.

How fast do yachts lose value?

Generally, new yachts will depreciate the most in their first three years , but that doesn't mean it needs to be much. As long as you set out a rigorous maintenance schedule and have a good crew at hand, this can minimise how much the value of your yacht decreases.

Are yachts a good investment?

Luxury yachts can provide an extremely rewarding return on investment when purchased at a reasonable price and well maintained over time . Luxury yachts in particular often hold their value very well. It's not uncommon for luxury yachts to go up steeply in value, especially if they've been well kept and improved on.

How many years do you depreciate a yacht?

You can depreciate the adjusted cost basis of your yacht (the balance of the purchase price after deducting the Section 179 expense deduction and 50% bonus depreciation deduction) over 10 years ; plus.

Why are yachts a tax write off?

It was designed to help small businesses as they set out to buy or lease new or used equipment . It allows a taxpayer to deduct the cost of certain types of property (such as a yacht) on their income taxes as an expense, rather than requiring the cost of said property to be capitalized and depreciated.

58 Hershine 1986 Richmond | Denison Yacht Sales (2024)

Dimensions
LOA: 58 ft
Beam: 15ft 2 in
Draft: 4ft 6 in.
Dry Weight: 58000lbs

Tankage
Fresh Water Tanks: 300 gal.
Fuel Tanks: 600 gal. 4 x Welded Aluminum (new in 2009)
Holding Tank:50 gal.

Engines
Engine Make: Twin Perkins (Rebuilt in 2001)
Engine Model: T63544M
Drive Type:
HP: 200 hp each
Hours: 3400 Hrs(257 Hrs since rebuild in 2001)
Fuel Type: Diesel

Navigation Equipment
Chartplotter: Furano NavNet VX2 multi-function displays X 3
Radar: Furano1934 color radar with 3.5 ft. scanner (48 nautical mile)
Radios: ICOM ICM602 VHF (new in 2020), Loud Hailer, ICOM ICM506 VHF with AIS, Kenwood VHF, plus Cobra MRHH475 Bluetooth handheld
Echo Sounder: Furuno NavNet VX2 multi-function displays
Auto-pilot: Furuno 5001 with remote control
Compass: Gemini 6 in., plus Azimuth 1000 electronic compass

Batteries/Electrical
Number/Type: 3 x 4D for house supply, plus 4 x 12-volt for engine start, plus start batteries and charger for genset in lazarette
Location: Secured in plastic boxes located in machinery space
2200 amp/hr house bank 2 volt cell
Battery Charger/Inverter: Samlex America 80-amp battery charger + Magnum 3000 Inverter/battery charger, Guest 25-amp battery charger,
Generator: Onan 6.5 Kw Genset
Wind Generator: 5-bladed 120 watt wind generator (new in 2020)
Solar: 4 x 110-watt solar panels with controller (new in 2020), LiRongPing 420-watt
Alternators on engines
Wiring: Type: Plastic insulated
Condition: Refurbished and replaced as required in 2019/20
Overload Protection: Circuit breakers and fuses
Shore Power Connection: 4 @ Marinco 30-amp plug receptacles to 120-volt breaker panel with
reverse polarity indicator, Blue Seas volt and amp meters

Inside Equipment
Stove: Nutri-Chef 2-burner 120-volt smooth top stove (new in 2020),
Microwave: Hamilton Beach (new in 2020)
Convection Oven: Black & Decker (new in 2020)
Refrigerator: RCA 120/12-volt stand up fridge with freezer 120 + 12 volt bar fridge, U-line ice maker + 120-volt chest freezer
Trash Compactor: Braun
Washer/Dryer: Splendide washer/dryer combo
Heating: Espar D5 Airtronic diesel fired furnace, plus Espar D8 Airtronic diesel fired furnace (each with 4 outlets)
Entertainment: Samsung 40 in. TV, Samsung 32 in. TV, Insignia 22 in. TV, with Trac Vision Satellite TV antenna
Stereo: Kenwood Stereo system
Hot Water Tank: 20-gallon 120-volt hot water tank
VacuFlush marine sanitation system, holding tank with macerator pump

Ground Tackle
Anchor(s): 70 lb. Bruce anchor, plus approx. 30 lb. Danforth
Cable(s): Approx. 300 ft. chain
Anchor Winch: Lofrans Tigres 12-volt horizontal with foot switches

2019 Upgrades
Command Bridge:
• All Bridge lighting upgraded to LED lighting
• New Bridge Lexan windows in canvas curtains
• New AC/DC bar fridge and U-Line ice maker
• New bar countertop and faucets
• New waterproof carpet
• New Furuno 1934 color radar installed
• 2 @ new Furuno NavNet 10 in. GPS color plotters with charts/radar and sounder integration
• New Furuno auto pilot Nav Pilot 50 and rudder indicator
• New ICOM ICM 506 VHF with AIS
• 2 @ new GLT 2000 remote spotlights installed
• New windshield wiper
• New 4-camera closed video monitor with locations: engine room, aft, port and starboard hull sides

Lower Helm Station:
• New Furuno NavNet 10 in. GPS color plotter with charts/radar, and sounder integration
• New Furuno remote auto pilot Nav Pilot 50 & rudder indicator
• New Kenwood VHF installed
• New 22 in. 4-camera close video monitor system2019 Upgrades and repairs:
• New Cobra handheld VHF

Bilge Pump Systems:
• New Rule 1500 GPH electric auto in machinery space
• 2nd new Rule 1500 electric auto in machinery space
• New machinery space high water alarm with light and buzzer

Shore Power AC/DC Distribution:
• New Blue Seas AC shore power Volt/amperage monitors
• New Blue Seas DC amp and volt monitors for house, starting, and backup system
• New Magnum Pure Sine 3000-wattinverter/charger with remote panel
• New Guest 25-amp 3-stage battery charger
• 3 @ new 4D batteries, plus 4 @ new 1100-amp cranking batteries

Heating Systems:
• New Espar D5 17,500 BTUs Airtronic diesel fired furnace with 4 outlets. Midships, forward, head and galley
• New Espar D8 27,500 BTUs Airtronic diesel fired furnace with 4 outlets. Aft cabin, aft head, plus 2 in aft salon

Sanitation Systems:
• VacuFlush system refurbished and relocated with new tank monitor
• New Jabsco macerator pump
• New holding tank vent

Fresh Water Systems:
• New 50-PSI Jabsco water pump
• New 20-gallon, 120-volt hot water tank
• New water tank level gauge
• New hoses installed as required
• New freshwater filtration system

Galley:
• New RCA 8 cu. ft. AC/DC fridge
• New 3.5 cu. ft. chest freezer
• New Microwave oven to be installed
• New 2-burner smooth top stove to be installed
• New Splendide Washer/Dryer Combo installed

Entertainment Systems:
• New Samsung 40 in. TV in salon area
• New Samsung 32 in. TV in aft stateroom
• New Insignia 22 in. TV in galley
• New Trac Vision auto-track Sat TV antenna system
• New Jack King digital local antenna with pre-amp
• New Kenwood Stereo system with amplifier and base speakers
• New AM/FM Stereo in aft stateroom
• New stereo speaker auto switch system for all TVs
• Integrated Wi-Fi system for the alarm monitoring system at dock with camera via Alarmtron, Surrey, BC.

Misc. Upgrades:
• New carpet with mildew resistant underlay in aft stateroom, main salon, and forward cabin
• Aft upper salon windows upgraded to sliding acrylic windows
• New overhead fan in galley
• New co*ckpit awning
• New tender cover

Deck Equipment:
• New forward washdown system installed
• New aft 70 PSI washdown system
• New 40 PSI port and starboard freshwater regulators

Machinery Space:
• Electric bow thruster converted to hydraulic
• Heat exchangers rebuilt as required
• Port and starboard exhaust risers refurbished as required and installed
• Port and starboard engine alternators upgraded to 120-amp alternators
• New cooling water pump installed
• New raw water engine hoses installed and double clamped with all stainless steel T-clamps

2020 Upgrades
Machinery Space:
• New Key Power KP20 hydraulic operated fin stabilizer system installed with 2 @ Dan Foss hydraulic pumps plus all new hydraulic hoses and fittings
• New Key Power hydraulic stern thruster with 10 hp. hydraulic pump
• 3 new bilge blowers
• New Tides Marine dripless shaft glands installed
• 2009 6.5 Kw Genset newly installed in lazarette

Forward stateroom:
• Redesigned including new double berth port side
• New hull side liners
• New carpet
• New LED lighting installed

Mid Cabin:
• New Carpet
• New hull liner
• New LED lighting, plus USB ports
• New headboard installed

Galley:
• New Nutri Chef 120-volt 2-burner smooth top stove
• New Hamilton Beach Microwave oven
• New B&D convection oven installed

Misc. Upgrades:
• New Rule electric bilge pump with high water alarm installed in Lazarette
• New ICOM ICM602 VHF
• New LiRongPing 420-watt 5-bladed wind generator installed
• 4 x New 110-watt solar panels with controller
• New valances and LED lighting in salon
• New Ashley sectional/pull out berth in salon
• New custom stainless steel access ladder from sundeck to cabin top
• New custom stainless steel davit system installed

58 Hershine 1986 Richmond | Denison Yacht Sales (2024)

FAQs

Do yachts have resale value? ›

References