Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 34

Thread: Starting out

  1. #21
    Join Date
    Dec 2005
    Location
    Live London
    Posts
    3,671

    Default Re: Starting out

    There is nothing wrong with the plan per se ( and don’t worry about the size of boat whilst you do need to know what you are doing a big boat is no different to a smaller one after a few hours) but do make sure it is what you want.

    Moving from work to no work / social interaction is a big deal and drifting around on a boat sounds idilic but the boat marketing image and reality are different. More toilet troubles than tuxedo in the casino.

    I “ retired” early and used to spend single periods on board of 6-8 weeks. Frankly towards the end I could not wait to come home as whilst lovely 8 weeks of wake / swim / move / eat / sundowners / eventually looses its appeal and the local pub and a bed that does not move become highly attractive. Speaking personally I also have business interests to manage and whilst not impossible funding 5 years of boat / winter roaming without some sort of income generation would be tricky and some “work” is inevitable.

    Buy a boat now. Spend time on it. If you like it great. If not there is time for plan b

  2. #22
    Join Date
    Apr 2011
    Location
    Boat- Western Med
    Posts
    5,075

    Default Re: Starting out

    If I can add to ^^^ ,
    Life’s pressures mean you get called away , the max stint on board I have had is 4 weeks in between some event or other .
    The internet obviously helps run business long range but there’s an inevitability of face to faces and travel *and basically you need to keep the goose or geese that are laying the golden eggs alive .

    * Travel you will need to via sky scanner etc keep an eye on that , distance from airports etc .

  3. #23
    Join Date
    Jul 2019
    Posts
    16

    Default Re: Starting out

    Thanks all some very interesting replies.

    Another option I have been considering is buying a small apartment for say £100k and spending the other £50k on a smaller boat for day trips. The only problem with that is it would tie us down to a much smaller area and we would then end up with twice the costs but might work for us. A lot to think about.

    Our other options are travel full circle over 2-3 years. Full time motorhome round Europe with some long haul mixed in. Buy a house in the far east.

  4. #24
    Join Date
    Dec 2005
    Location
    Live London
    Posts
    3,671

    Default Re: Starting out

    The answer is personal and if you like being on a boat or not

    Apartment you can rent when you don’t want to use it - chartering put a boat is a pain and will make little money for the hassle.

    This forum is good on boats but life choices are more personal.

    Remember boats relative to other assets like cars are relatively slow to sell but if it is your dream and u can afford it buy one and see. That is how we all started. Just buy big enough for your needs - upgrading is slow and expensive

  5. #25
    Join Date
    May 2001
    Location
    ation, Loc: ation, Loc: ation.
    Posts
    16,085

    Default Re: Starting out

    Quote Originally Posted by Kyle Reese View Post
    Thanks all some very interesting replies.

    Another option I have been considering is buying a small apartment for say £100k and spending the other £50k on a smaller boat for day trips. The only problem with that is it would tie us down to a much smaller area and we would then end up with twice the costs but might work for us. A lot to think about.

    Our other options are travel full circle over 2-3 years. Full time motorhome round Europe with some long haul mixed in. Buy a house in the far east.
    You need to do your research thoroughly before buying a house. I'm told that the buying costs in Spain for example are nearer 20% than 10% and of course when you want to sell it you'll have additional costs and potentially a long wait.

    Why not motorhome around the Med in the Summer, perhaps with a Rib or similar on tow if you want to be on the water and take a long term let somewhere warm in the winter? for me that would be maximum freedom and minimum hassle.

  6. #26
    Join Date
    Apr 2011
    Location
    Boat- Western Med
    Posts
    5,075

    Default Re: Starting out

    Quote Originally Posted by petem View Post
    You need to do your research thoroughly before buying a house. I'm told that the buying costs in Spain for example are nearer 20% than 10% and of course when you want to sell it you'll have additional costs and potentially a long wait.

    Why not motorhome around the Med in the Summer, perhaps with a Rib or similar on tow if you want to be on the water and take a long term let somewhere warm in the winter? for me that would be maximum freedom and minimum hassle.
    Why Spain ?
    Choose somewhere without the hassle described ^^^
    And boaty .
    You can overnight on small boats too . Lots do .

  7. #27
    Join Date
    May 2001
    Location
    ation, Loc: ation, Loc: ation.
    Posts
    16,085

    Default Re: Starting out

    Quote Originally Posted by Portofino View Post
    Why Spain ?
    Choose somewhere without the hassle described ^^^
    I did say "for example" (Spain's very popular you know)!

    But my point applies to France and Italy too, with notary fees, taxes etc adding I believe c. 10% to a property purchase price.

  8. #28
    Join Date
    Jul 2019
    Posts
    16

    Default Re: Starting out

    Hi all.

    Just some info that might help others in the future I found a youtube channel called Nick OKelly.

    Here is one of his videos

    https://www.youtube.com/watch?v=Wc1a4tgAors

    A lot of very good info, its USA orientated but I guess a lot of it carries over. A lot of real world stories which are great. Some of the videos are quite long but worth a watch.

  9. #29
    Join Date
    May 2003
    Location
    SPAIN,Galicia
    Posts
    12,526

    Default Re: Starting out

    I would have thought chartering although costly would be a good thing to do to acquaint yourselves with the reality of motorboating before spending cash also will help in understanding comments of fellow yachtsmen

  10. #30
    Join Date
    Feb 2008
    Location
    Farndon
    Posts
    2,925

    Default Re: Starting out

    Quote Originally Posted by PlanB View Post
    I don't agree. We bought a Princess 435 as our retirement project. No previous experience and it was our first boat and so we had to have instruction from Day 1. We did our Day Skipper practical on our own boat, and then followed that up by months and months of boat handling practice in and around the marina, often with an experienced pal with us for confidence. Driving a 13m boat on twin shafts is quite logical, but with the air draft and a breeze there is a lot that can go wrong quite quickly and you do need to get some experience early on. I cannot emphasise enough the need for knowledge, research and experience if you are going to sea.
    We spent three years preparing for our Med trip, delaying by a year at one point as we felt we were not ready. When we set off, it was our retirement trip so we took a whole summer, stopping wherevever we wanted and not moving if we were not happy with the weather or sea state. An experienced and confident skipper could do it in a couple of weeks, but it wouldn’t be much fun, in my view.
    We then lived happily aboard in Spain for 12 years.
    Portofino's post above has a lot of very valid info.
    The fact that you had to have instruction and needed months and months of practice nd three years of preparation backs up my point that 45ft is enormous for a first boat.
    Most people start smaller and build experience. Upgrading to a bigger boat then becomes an easier process in terms of boat handling.

Page 3 of 4 FirstFirst 1234 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Latest YBW News

Find Boats For Sale

to
to