Deciding Between Yacht Upgrades and Selling

For yacht owners contemplating changes in their vessels, the question often arises: should one upgrade or sell? This article provides insights into the decision-making process surrounding yacht upgrades and sales, offering guidance on achieving the best outcomes.

The Dilemma of Upgrade versus Sale

As yachts age, owners may find themselves at a crossroads. Many choose to refit and upgrade their vessels instead of parting ways. This trend has gained momentum, especially among bluewater cruising sailors, who prioritize safety and durability over mere aesthetics or high-speed performance.

The Lifespan of GRP Hulls

While environmental advocates correctly point out the importance of sustainable practices, the longevity of well-constructed glass-reinforced plastic (GRP) hulls can’t be understated. Although refitting an older yacht can be complex, the payoff can be significant. Many long-kept GRP yachts, built in the 1960s and 70s, are still seaworthy today, thanks in part to their robust designs.

Noteworthy Designs that Withstand Time

Yacht designer Chuck Paine produced some iconic designs in the 1980s and 90s that still hold appeal. Models like the Victoria 34, Bowman 40/42, and Morris 40 continue to attract owners looking for quality craftsmanship. These yachts are often well-maintained or have seen substantial investments over the years. Paine notes, “They were constructed to last, with heavy layups and solid materials.” This inherent quality offers hope for refitting as a viable option.

Calculating the Costs of Refitting

When approaching an upgrade, a realistic outlook is essential. It’s typically unwise to assume that a deal will lead to a bargain. Savvy prospective buyers should be prepared for extensive work that requires some level of skill. Without an understanding of yacht construction, significant hidden costs can easily arise.

As noted, critical components, such as chainplates, can be particularly troublesome. The method to remove and replace these often demands meticulous labor, laying bare the importance of hiring skilled hands, lest the project devolve into a costly endeavor.

Benefits of Familiarity with Your Yacht

Behan and Jamie Gifford, who are well-respected figures in the sailing community, undertook a massive refit of their Stevens 47 after years of cruising. Their intimate knowledge of the yacht allowed them to make substantial improvements tailored to their needs, enhancing the comfort level for the entire family. They approached the project with full awareness that chronic wear would demand extensive updates, such as replacing structural components hidden away behind cabinetry.

The Art of Execution

After the decision to upgrade your yacht has been made, the next step involves project management. Whether one opts for a full-service yard or chooses a more hands-on approach can significantly impact the outcome. Undertaking a successful refit often requires a coordinated team of specialists, including riggers, electricians, and plumbers.

Will Taylor-Jones, who manages the refit operations at Fox’s Marina & Boatyard, emphasizes that having a single contractor handle all aspects of the project is becoming a rarity. As yards specializing in comprehensive yacht services dwindle, finding an experienced team is critical for navigating the potential hurdles involved with an upgrade.

A Personal Approach to Refitting

Every refit is unique; thus, a personalized plan is essential. Often, owners focus on cosmetic changes, which can be tempting. However, budgeting for more essential updates, such as rigging, can lead to long-term safety and performance benefits.

Advantages of Upgrading Your Yacht

Completing a successful refit can breathe new life into an aging yacht, turning it into a modern cruising vessel. The ultimate outcome can elevate the aesthetic and functional aspects, creating a comfortable environment for future voyages.

The Value of Experience

Many owners, after completing a refit, become fountainheads of knowledge for newcomers. The hurdles encountered during such projects create invaluable learning experiences, instilling a deeper appreciation for the intricacies of yacht ownership and maintenance.

Conclusion and Call to Action

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