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Old 06-06-2013, 14:55   #1
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Realistically, how much will it cost to own and run my own sailboat?

I have been sailing for years on other peoples boats and currently work on a private motor yacht. I feel it's time to get out there on my own. Is it too soon, am I setting myself up for bankruptcy? I am by no means rich, but I do have some money set aside to buy a boat, but how high will the costs be after that? Set the cost of the boat aside. How much will it cost me to run it, and berth it? Is it possible to charter it if I have my commercial Yachtmaster 200 license? Where would be a good inexpensive place to stay? I am open to any where in the world, but since I'm an American the USVI's seem to be an easier place to start. Any advice good or bad will be greatly appreciated. Thanks, happy and safe sailing.
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Old 06-06-2013, 15:19   #2
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Re: Realistically, how much will it cost to own and run my own sailboat?

I probably costs more than you think. Attached are my costs NOT counting payments.
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Old 06-06-2013, 15:35   #3
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Re: Realistically, how much will it cost to own and run my own sailboat?

Do a quick search on this forum and you will find a few thousand discussions on this subject. Well maybe not a few thousand but certainly dozens of discussions.

Here's a couple that will keep you busy for a few hours.

Cruising on $500 per Month . . .

Shoestring Sailors (Cruising on $500 per month - part II)

Short summary, depends on how you like to live, where you are cruising, how big your boat is, how much of the repair and maintenance you can do yourself.
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Old 06-06-2013, 16:59   #4
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Re: Realistically, how much will it cost to own and run my own sailboat?

It depends. How big is the boat? Where are you keeping the boat? What condition is it in? How handy are you? Do you need lots of gadgets or do you prefer to keep it simple? DO you tend to procrastinate on tasks or are you a bud nipper? Are you a total and complete OCD perfectionist nutter like my husband (this one seriously increases the costs, be honest with yourself.) What's the old adage? Know thyself...
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Old 06-06-2013, 17:10   #5
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Re: Realistically, how much will it cost to own and run my own sailboat?

When I did my initial research I found that various cost may vary but total running expenses consistently came out at 25 - 33% of good condition boat value.

6 years later I am still of the same opinion.

As to doing crewed charters I have very little knowledge, but economically speaking a big cheap boat with heaps of private cabins would give maximum bang for the buck.

My adventure travel experience is almost entirely guided by Trip Advisor these days. I've ended up in a wide variety of accommodation with the only common factor seeming to be that very good quality food was almost always close by.

Are you a good cook?
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Old 06-06-2013, 17:27   #6
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Re: Realistically, how much will it cost to own and run my own sailboat?

Here is a specific example of how variable the costs can be. When I was in New England I could not find a marina for less than $100/night. In north FL I could stay for $25/night.

I usually choose to anchor out for free.
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