Fractional Boat Ownership | Owning Or Sharing A Fraction Of The Deed
Fractional boat ownership is a way for those who love boating to enjoy all of the benefits of owning their own boat, sailboat or yacht as a partial, or fractional owner without dealing with the hassles or costs that come with full ownership.
What Does It Mean To Own A Part Of A Yacht Or Sailboat?
What is fractional boat ownership? As a partial owner you actually own or share a piece of the sailboat or yacht vs a timeshare where you only own the rights to use the yacht or sailboat for a certain period of time but don't actually own a piece of the property itself as you would as a fractional owner of the property deed.
What Are The Benefits Of Partially Owned Deeds?
There are many benefits to fractional boat ownership, or partially owned deeds. As a part or shared owner of the yacht or sailboat, the cost of ownership is much cheaper, and the amount of time and energy spent on maintenance is far less than fully owning it outright would be.
As a fractional owner, costs such as the price for the yacht or sailboat itself, the cost to maintain and fix the boat when something goes wrong and all the other costs of owning are split or shared among the owners, making fractional ownership cheaper option for those who don't want to be stuck with the full costs.
When you own your own yacht or sailboat outright you have to deal with fixing, repairing and maintenance your vessel while with fractional boat ownership all of the maintenance is done for you, you just pay a small maintenance fee.
Despite the advantages of fractional boat ownership, there are disadvantages. The main disadvantage is that you have to share the boat, yacht or sailboat with the other owners of the shared deed.
Other disadvantages of being a shared owner is that you can't customize the boat the way you want to, as the wishes of the other owners of the yacht or sailboat must be considered.
Is It A Good Investment Or A Bad One?
Fractional boat ownership can be a good investment strategy, yes! Unlike a timeshare, with a partially owned deed you actually own or share a part of the property deed for the yacht or sailboat itself.
As with all property ownership, fractional boat ownership can be a profitable investment, but it can also be a bad investment depending on what type of yacht or sailboat you purchase and how you use it.