how much does a 120 ft yacht cost

120′ Yachts for Sale

Find the perfect 120 feet yachts for sale.

Our website features plenty of 120′ superyachts all around the world, discover the perfect yacht closer to you!

Step into a world of unparalleled luxury with FGI Yacht Group’s exquisite collection of 120′ yachts for sale. These majestic vessels are a triumph of nautical engineering and refined aesthetics, curated for the elite who seek the extraordinary. Each 120-foot yacht is an odyssey in itself, manifesting sophistication through spacious, opulent interiors, cutting-edge amenities, and exceptional seafaring prowess. Our 120′ category is emblematic of a distinguished maritime lifestyle, where every journey becomes a symphony of elegance and power. FGI Yacht Group is committed to guiding you with expertise and discretion, ensuring that your choice of a 120′ yacht not only aligns with your aspirations but also surpasses them in grandeur and performance. Embark on a journey of unmatched luxury and let us assist you in making a selection that stands as a testament to your pursuit of excellence.

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Us flagged vessel, health insurance costs per crew, uniform cost per crew, training cost per crew, food cost per crew, crew turnover, hires using a professional crew agency.

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Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

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Custom Line 120'

Amilcar Martin

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+1 305.987.2909

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A BREATHTAKING EXPERIENCE Some people see a yacht. We see the start of a journey. With the Custom Line 120', every wave is a moment to savor; every wake carves an indelible memory in the mind.

A UNIQUE CREATION, ALL YOURS TO EXPLORE Custom Line 120' is the new masterpiece in our planing range. Architected by designer Francesco Paszkowski, her distinctive forms and spaces embody the state of the art in contemporary living, for a truly intense experience that brings to life the wonders of the sea. Every detail tells a story that reflects the owner’s personality.

THE VIBRANT SPIRIT OF THE WIND The design of the Custom Line 120' bottom and hull is inspired by the wind. Solid yet light, through extensive use of carbon, the hull is impeccably sleek. Its flowing, powerful profile delights the eye, as strong lines fly from bow to stern and structural elements and glass alternate in a fluid interplay of colors and materials. Her dynamic verve echoes the poetry of the horizon; her vitality of line reaches its zenith in the punchy touches of the cockpit cover aileron and hardtop.

BEAUTY AS FAR AS THE EYE CAN SEE The vibrancy of the design finds its fullest flowering in the generous built-in glazing and the floor-to-sky windows on the deck that tempt the gaze toward the tranquil majesty of the azure sea.

The light magnifies the spaces, adding to the sense of luxury and opening up sparkling views wherever you look. The side windows on the flybridge create a panoramic third deck, while the grand cockpit window’s two sections tilt open for an added dash of contemporary design flair.

ELEGANCE IS AN ART Dreams take shape in a personalized space where every detail is an aesthetic statement of unfailing elegance and taste. Here, simplicity is the ultimate in sophistication.

In each of the 19 spaces laid out over 3 levels, the artisanal excellence is palpable; the attention to detail, sartorial. Like a perfectly fitting suit, the Custom Line 120' interiors are the quintessential expression of your world.

COMFORT AND THE CUTTING EDGE On a Custom Line yacht, every moment is perfect for pampering. The advanced onboard technology makes for a consummate luxury experience. From a dip in the Jacuzzi to a browse on the 4G Wi-Fi internet, Custom Line 120' becomes a unique space for savoring the sea from a truly exclusive perspective.

PRIVATE SHOWINGS Visit The Ferretti Group Showroom in Ft. Lauderdale, the largest covered, in-water marina in the US, featuring new and used Pershing, Riva, and Ferretti Yachts. Allied Marine is the exclusive dealer for these premier brands in the US and an authorized dealer for CRN and Custom Line yachts.

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The Horizon RP120 superyacht unites the two most desirable traits in the world of superyachts: luxurious living spaces and extraordinary cruising capabilities. Her sleek exterior profile from designer J.C. Espinosa is built atop Horizon’s proven low resistance hull platform, which ensures superior seakeeping and comfort when underway. Thanks to her generous 26 feet (7.6M) beam and well-appointed accommodations, the RP120 offers voluminous living spaces and owners can choose an on-deck master or situate all staterooms below deck - the layout options are only restricted by your imagination. With a numerous indoor and outdoor amenities and superior performance, the RP120 will provide an unforgettable yachting experience wherever your cruises may take you.

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Used Yachts For Sale From 131 To 160 Feet

Listed below are used yachts for sale worldwide from 131 to 160 feet. Use the search tools to narrow your exploration. SYS Yacht Sales offers a wide range of luxury used yachts for sale, including mega yachts, long range cruisers, expedition yachts, motor yachts, pilothouse yachts, sailing yachts and everything in between. Search world-renowned manufacturers like Westport, Hargrave, Trinity, Ferretti, Horizon, Feadship, Benetti and much more. Need assistance? Contact our experienced yacht brokers. We look forward to helping you find the yacht that's right for you.

Rossinavi Custom Motor Yacht

CRN AZUL V - 50 Metres

Custom RADEŽ d.d. Schooner

Trinity Yachts Semi-Displacement

Baglietto 48m T-Line

Delta Semi displacement

ISA Isa 470

Starburst III

Blount Custom Tri-Deck

Magic spirit.

Feadship Motor Yacht

Custom Project Artemis

Project artemis.

Heesen Semi-displacement

Perini Navi 47M S/Y

Ada Yacht Modern classic schooner

Sanlorenzo 500 Explorer Yacht

Feadship Custom

Cantieri di Pisa Motor Yacht

North American Tri-Deck Motor Yacht

Custom 46 M

Custom MY Bellezza

Burger NADAN

Royal Denship Motor Yacht

Custom 46M Tri-Deck

Pendennis Custom

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How Much Does a Yacht Cost? The Average Prices and Costs of Yachts

The UK has a long, rich maritime history and, as such, the yachting industry thrives in this country. Sailing is a popular hobby or pastime for many people, but for others it’s very much a lifestyle.

If you’re in the latter category, you might be looking to buy your own and be contemplating the cost of a yacht. There’s a huge variety of vessels available – from motor yachts to a sporting yacht – and the sheer amount of choice and yacht sizes (both new and used yachts) can seem bewildering. Below, we take you through the various options and the costs associated with each.

The Average Price of a Yacht in the UK

While yachts are often regarded as synonymous with luxury, in reality they come in a startling range of sizes, designs, and prices. The average cost of buying a yacht in the UK varies considerably, according to a number of factors.

Whether you’re looking to buy a used vessel or a brand-new yacht, as well as the size and type of yacht you want, will all partly determine the price you’ll pay.

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How Much is a Small Yacht?

At the cheaper end of the market, you should expect to pay a minimum of £10,000 for a small sailing model which will be functional but modest, with the price rising to £50,000 or more for a new, more sophisticated, motorised yacht.

If you’re looking for something more spacious with a range of additional features, mid-range yachts in the UK are often priced between £50,000 and £500,000. These boats may come with more advanced navigation equipment, refined interiors, and extra amenities. These are more suitable for experienced sailors who are prepared to spend more on their passion.

Larger, motor-driven yachts will set you back hundreds of thousands of pounds. For example, a new 50-foot yacht costs upwards of £200,000 while the 70-foot yacht cost or 100-foot yacht cost will set you back anywhere between £1 million and many times that sum, respectively.

How Much Does a Super Yacht Cost?

In terms of top tier yachts – or “super yachts” – these can cost millions or even tens of millions of pounds and upwards. These vessels are often enormous (ranging from 120 feet to 300 feet in length). They epitomise luxury and may have multiple decks, along with swimming pools, helipads and sophisticated entertainment facilities.

Additional Costs and Maintenance

While the upfront cost of buying a yacht is substantial, there are a number of supplementary fees that apply to yacht ownership. You can expect to pay between 5% and 10% of the yacht’s initial purchase price on such annual costs. Here are a few to consider:

• Insuring your yacht is essential and the price will vary according to its value, its size and its intended function. We offer sailing yacht insurance and motor boat insurance .
• Maintaining your yacht. Additional costs might come in the form of engine servicing or repairs.
• Finding the right place to dock your yacht is crucial and can be expensive, particularly in popular marinas. Annual mooring fees vary considerably depending on the location and the size of the vessel.

Owning a yacht is an aspiration for many people, but it’s important to bear in mind the costs associated with buying one.

You should begin your search having already established a rough budget, the size of the vessel you’d like to purchase and what you’ll principally be using it for. Otherwise, the yacht market can seem overwhelmingly diverse, making it difficult to choose the right model for you.

What is the average price of a yacht?

The average price of a yacht in the UK is difficult to determine due to the variety on offer. A yacht can cost anywhere from around £10,000 to several million pounds before you start to get into super yacht territory. That said, a mid-sized sailboat should cost you between £50,000 and £100,000.

What is the price of a luxury yacht?

The price of a luxury yacht depends on whether you’re looking for a high-spec sailing vessel or a “super yacht”. For the former, the price will be upwards of £1 million, while the latter could exceed £100 million.

How much does a yacht cost to rent?

The cost of renting a yacht varies enormously, depending on what sort of vessel you’re looking for. A mid-sized motorboat or sailing yacht costs around £400 – £1,600 per day, while a much larger, luxury yacht could easily cost around £10,000 per day.

Admiral Marine is a trading name of Admiral Marine Limited which is authorised and regulated by the Financial Conduct Authority (FRN 306002) for general insurance business. Registered in England and Wales Company No. 02666794 at Beacon Tower, Colston Street, Bristol BS1 4XE. 

If you wish to register a complaint, please contact the Compliance and Training Manager on  [email protected] .  If you are unsatisfied with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS).  The FOS website is  www.financial-ombudsman.org.uk

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Blog | Yachts to Consider Between 100 to 120 ft.

[Twenty_Six_Row][Twenty_Six_Col_One_Half] [Tick_Mark title=”Westport 112 Sensation” subtitle=”Priced at $5,995,000. “]

The Westport 112 remains one of the most sought after motoryachts within this range offering the space, speed and draft many owners are seeking. When looking at semi-production boats it’s important to understand the differences from the others. Here are a few standout points.

• Many upgrades since new including updated interior with new headliners, AC upgrades, Engines serviced.
• MTU 16V2000 with W6 completed
• Naid stabilizers
• Good condition and well maintained.

[Twenty_Six_Row][Twenty_Six_Col_One_Half] [Tick_Mark title=”Hargrave 108 Lason” subtitle=”Priced at $3,499,000. “]

Probably the cheapest Hargrave on the market between 98-115′- regardless of year! The only comps that come close to it are the two 106′ Lazzaras, a Sunseeker and a Leopard. The interior size of the Hargrave makes the Sunseeker and Leopard look small. Plus, they are not true competitors to a classic style motoryacht.

• Features a very American styled interior and layout with a country kitchen
• Cat C32 main engines | clean engine room
• Stunning Flybridge with three helm seats
• Impressive equipment list

[Twenty_Six_Row][Twenty_Six_Col_One_Half] [Tick_Mark title=”Codecasa 113 For Sale” subtitle=”Priced at $2,995,000 “]

This motoryacht is in extraordinary condition. Just about every aspect of her layout is impressive, especially the interior. A series of refits/upgrades in 2009, 2012 and 2013, have kept in her in superb condition and she is backed by a 15 year Lloyd’s Survey & Re-certification that was completed last year.

• On-deck master and a massive flybridge
• Trans-Atlantic range and capability
• Strong charter history
• Those who boarded her at the recent Miami Boat Show commented: “She in freakishly good shape”.

[Twenty_Six_Row][Twenty_Six_Col_One_Half] [Tick_Mark title=”Lazzara 116 Overview” subtitle=”Priced at $4,750,000. View specs to see price cut. “]

Without doubt our number one pick in the 100-120 ft range. The Lazzara 116 surpasses yachts priced $1 million dollars higher. In fact, we recently compared Halftime to several yachts in this range and concluded that she is the best condition, hands down! She offers both a flybridge and skylounge ( a rare combination ), plus new updated interiors. Compare the condition and equipment to other models on the market and nothing competes price-wise. She is a STRONG BUY and you need to see the boat to appreciate the quality and condition she’s in.

Was: $5,200,000 Now: $4,750,000 Savings: $450,000 Note: Pricing as of March 17, 2015. Please inquire for latest pricing.

• 4 large staterooms. Huge master, 3VIP’s- Everyone is treated special
• Great profile with Sky lounge and huge out doors sun deck – for those perfect island days
• Completely updated renewed A/C system – clean clear fresh air throughout the boat.
• Fast, sleek, easy to run, easy to dock! She is an impressive sight!

[Twenty_Six_Row][Twenty_Six_Col_One_Half] [Tick_Mark title=”Oceanfast 123″ subtitle=”Priced at $3,290,000. View specs to see price cut. “]

Although a smudge over a 120’ she’s on the list! This is a huge volume quality boat for the money. Perseverance is a truly custom proper yacht with incredible outdoor space unlike anything ever built. Having been freshly painted, new decks this could really be a good opportunity given the price.

• Three stateroom layout.
• Massive outdoor space unlike any yacht ever built. This is not an exaggeration.
• A true “yacht” interior and feel.
• Custom yacht unlike any production boat ever built.

[Twenty_Six_Row][Twenty_Six_Col_One_Half] [Tick_Mark title=”Horizon P110″ subtitle=”Priced at $8.8 million  “]

This boat just arrived from Taiwan and will be on display at the Palm Beach Show. This is an incredible opportunity to own a “new” yacht at pre-owned prices. This Horizon P110 was original built for the Australian market and later decided it was a better fit for the US being why it now just arrived. At 110′ feet this Horizon is a proper tri-deck offering spacious accommodations. The manufacture will be aggressive on pricing for the right owner. Good opportunity here with the boat now located in Palm Beach.

• Never privately owned
• C-32’s with very low hours.
• Being sold as a new boat with full warranty.
• Typically the compromise with a kky-lounge boat is reduced outdoor space which is not the case given she’s a tri-deck.
• TRAC Zero Speed stabilizers
• Country Kitchen

[Twenty_Six_Row][Twenty_Six_Col_One_Half] [Tick_Mark title=”Horizon P106″ subtitle=”Priced at $4,995,000. “]

Located in our Marina Bay docks this Horizon 106′ has the volume of much larger yachts. Competitively priced given her age and condition, she boasts the following features:

• Tri-deck with many of the features seen on the P110
• Caterpillar engines
• Good condition.
• Now available to been seen in Fort Lauderdale
• Competative price.

[Twenty_Six_Row][Twenty_Six_Col_One_Half] [Tick_Mark title=”Hargrave 101″ subtitle=”Priced at $4,595,000. “]

A spacious aft deck and commanding flybridge are just two of several features that will stand out to discerning buyers. A $40,000 electric sun-roof and a heated jacuzzi (for six) all combine to give this 101 Hargrave a decadent, luxury feel. The dining room easily seats 10 guests while interior staterooms are spaciously and thoughtfully laid out. Also consider the following:

• Priced 500k below what the sister ship sold for a few months back
• Excellent condition.

[Twenty_Six_Row][Twenty_Six_Col_One_Half] [Tick_Mark title=”Broward 107″ subtitle=”Priced at $3,195,000. “]

Customized to ‘near perfection’ this 1998 107′ Broward features 4 staterooms, 3 crew cabins and distinguishes itself with number of upgrades made in 2009. An additional refit in 2013 make her one of the top Broward Yachts for sale in South Florida, featuring a complete a engine room reconfiguration and a host of new electronics.

• Expensive stabilizer upgrade completed
• Main engines / generators exhausts were converted to discharge under water
• Engines run silently underway
• New exterior paint.

[Twenty_Six_Content item=”listings_worldwide” para=”” length=”99-124″ condition=”new,used” content_id=”listings_worldwide1″ background=”white” ]

[Quote name=”Florida Yacht Management”]Upon purchase, strategically reduce your operating costs up to 30% by partnering with our full-service yacht management platform. [/Quote] [Twenty_Six_Row][Twenty_Six_Col_One_Half]

[/Twenty_Six_Col_One_Half][Twenty_Six_Col_One_Half]

EASY. TRANSPARENT. EFFORTLESS.

100% of all our motor yacht buyers have elected to place their newly purchased yacht into our on-demand management program, illustrating its success in a highly competitive market.

[/Twenty_Six_Col_One_Half] [/Twenty_Six_Row] [Twenty_Six_Box title=”EXPLORE” subtitle=”A revolution in yacht management” url=”https://www.26northyachts.com/motoryacht-management/” link_name=”REVIEW FYM” bgcolor=”f7f7f7″]On Demand Yachting offers options such as monthly management, crew hiring, mechanical servicing, flights, itinerary planning,charter, calendar solutions, insurance and dockage.[/Twenty_Six_Box]

[Twenty_Six_Box title=”DISCLAIMER” bgcolor=”fcefc3″ subtitle=”Important Notice”]The listings referenced above may be centrally listed with another broker, and is offered as a convenience by this broker/dealer to its clients. It is not intended to convey representation of a particular vessel.[/Twenty_Six_Box]

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How Much Does It Cost To Buy A Yacht?

By Rob Bowman | Posted On Aug 09, 2021 Updated On Dec 12, 2023

If you're new to owning a boat and want to experience the luxury lifestyle, buying a yacht is the perfect way to indulge yourself while also creating unforgettable memories on the water. From anchoring at a secluded island in the Caribbean to cruising the coastline enjoying the fall colors, yacht ownership opens up limitless possibilities to explore the beauty of Mother Nature. It can also create quite the adrenaline rush if a sportfishing boat is more your style. There are many benefits to hiring a professional yacht broker when you plan on buying your first yacht including having someone on your side when evaluating the right price, for the right vessel.

So how much does it cost to buy a yacht on average? In 2021, the average selling price of a yacht is approximately $640,000, with prices ranging from $300,000 to over $15,000,000. This average selling price represents all pre-owned boats from 40-feet to 100-feet, power (not sail), and sold in the Southeastern United States, including the large Florida market. The data collected for this sales price was from the boating industry's MLS system.

This 50-foot flybridge yacht (seen below) was sold around the average selling price mentioned above and is a good example of what you can expect when spending over $500k . It features several bedrooms for overnight trips, a galley, a nice flybridge seating area, and a lot of comforts you would find at home.

A yacht can mean vastly different things to different people depending on their style of boating, where they live, what they plan to do on the boat, and the amount of equipment they choose. A 50-foot yacht can vary in price by several hundred thousand dollars depending on how new it is, its engines, brand, and amenities. Having a conversation about your needs and budget with a professional yacht broker can answer all of these questions and take the guesswork out of your search. 

While the average price of a yacht sold in the Southeast this year is $640,000, buyers can find yachts for less if they are willing to go a bit older and/or a bit smaller.

• According to the list of 2021 sold boats, the average selling price for yachts between 40 and 50 feet was $329,000.
• Yachts under 40 feet are generally called cruising boats and can still feature a lot of the same amenities found on larger vessels.
• How much does a small yacht cost? Examples of active boats on the market right now show a sizeable difference in price depending on the length and year. For example, a 2021 40-foot Intrepid boat is listed for over $800,000 , while a 2011 Intrepid 40 is listed for under $400,000 .

(Seen below: This Cabo 40 would be considered a smaller yacht and is listed for under $375,000.)

The larger, newer, and more extravagant yachts can cost $5 million and higher. Forbes.com identifies a superyacht as a vessel ranging from "79 feet to more than 590 feet in length." The average selling price in 2021 for yachts over 100-feet, according to the industry MLS database, came in at just under $1 million. Of course, there were several superyachts that were between $10 million and $50 million on the list.

A prime example of a superyacht would be " ANTITHESIS ", a Horizon Yachts 136 that had an asking price of $7,990,000 at the time of sale. This superyacht featured 5 luxury staterooms, a pilothouse with full electronics suite, a jacuzzi, sauna, 2 water-makers, 2 generators, and a lot more top-end equipment. Yacht owners looking to cruise long distances or possibly turn the vessel into a yacht charter business would be interested in a boat of this stature.

( Seen below: This Horizon 136 required massive engines that gave it a range of over 1,400 nautical miles. )

The cost of a yacht is not the only cost to consider. Purchasing your new boat is the largest upfront expense, however, there are also the costs of owning a yacht that need to be considered. This is again where hiring an experienced, professional yacht broker can really pay dividends and take a lot of the stress out of the process. Things like insurance, storage, routine maintenance, captain and crew salaries, all need to be factored in to your expectations. We dive into this a bit more in our articles Why Are Boats So Expensive? and What Should I Spend On A Yacht?

Despite the potentially high cost of yacht ownership, it is still an excellent investment in your well-being and will bring countless joyful memories. There is no other recreation in the world that brings families and friends together, while enjoying the wonders of the ocean.

( Seen below: CHIMERA is a 60-foot Hinckley sailing yacht listed for over $1 million. )

While the purchase of sailboats still account for less than 10% of all boats sold, sailing is still a popular past-time which has some very passionate enthusiasts. According to Trade Only Today , in 2019 and 2020 there were more than 1,100 sailboats sold in the United States. As you begin to figure out exactly what type of boating you want to enjoy, as well to learn the advantages and disadvantages of different boat types, you can begin to narrow down the selection process.

Below is the average cost to purchase a small yacht broken out by type :

• Sailboats Over 40': $193,000
• Sailing Catamarans - All Sizes: $361,000
• Power Catamarans - All Sizes: $304,247
• Downeast Yachts - Over 35': $532,240
• Sport Fishing Yachts - Over 40' and in Southeast: $815,500

With so many factors to determine how much it costs to buy a yacht and maintain it, it is in the best interest of boat buyers of this magnitude to speak with a certified professional yacht broker. "Pricing a yacht in this market can be a difficult thing," said Brian T. Franc , CPYB and manager of United's Emerald Coast Division. "Pre-owned prices are definitely inflated due to lack of inventory, but there are still some great opportunities if you are fast and have someone watching the market daily on your behalf. As someone who has been in the yacht brokerage industry for almost 30 years, I can tell you that working with a professional makes a difference. We can tell almost immediately whether a boat is over-priced, what it will likely sell for, and whether or not it is the right boat for your needs.

Other Related Articles Of Interest :

• Can I Sell My Yacht Without A Broker?
• Why Are Sportfishing Yachts So Expensive?
• What Is The Best Time Of Year To Sell A Boat?
• How Much Should I Pay For A Yacht?

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Average Yacht Prices | 40, 50, 60, 70, 100 feet + Helpful Examples

How much do yachts cost? Let’s look at yacht prices per size.

SELECT SIZE ⇩

Note: We will look at yachts that are a few years old. Very few people buy brand-new yachts as the price comes down a lot after only a few years.

How much is a small yacht? Let’s start at 40 feet length.

40 Foot Yacht Cost

A 40-foot yacht can be found used for around $200,000 and new models can cost as much as a million dollars. There are always lots of used yachts for sale around 40 feet in length, which makes them more attractive to first-time buyers.

Technically, a yacht begins at 23 feet. However, yachts that size will more often be referred to as boats.

A 40-foot yacht is a great option for looking for relative simplicity and plenty of comfort and capability. This size is great for day trips in the Caribbean dedicated to speed boating or simple cruising.

The size remains manageable, but the vessel can be updated with extra living spaces and amenities as desired, with a more affordable price than larger options.

The maintenance prices will remain lower as well.

Make sure you are considering the age of your yacht. Even if it is on the smaller end, it will be more expensive if it is new and custom-built to your wants.

Even if you think a 40-foot yacht is the cheapest option, these small factors make for a sliding price scale.

You might find that a smaller, new, custom yacht is more expensive than an older, simpler, larger yacht. One benefit of an older yacht is that it should have the improvements and equipment that make it comfortable to operate and will not have those additional costs.

For  sailboat prices specifically, check out this article .

Our Pick: Viking 42 Convertible: Cruise and Fish (2014)

Price: $895,000

• Cushioned seats
• Underwater lights
• Flybridge fiberglass hard-top
• Recent engine and service
• Joystick control
• Cockpit shade with poles, freezer, and step-up box
• Custom chairs
• Coach roof overhang to provide shade
• home theater setup
• Freshwater wash area
• Cockpit freezer and drink box
• Forward-facing viewing windows in deckhouse

Here’s a great example of a yacht with differing ages and year models. It has twin diesel engines, 600 hp each, and cruise at 35 mph (pretty fast!).

Yacht Price Examples for Three Other 40-50 Foot

• 42-foot Grand Banks 42 Classic; trawler-cruiser style yacht; twin diesel, 350 hp each, cruising speed is 13 mph. Price: $370,000 for 2004; $124,500 for 1986; older ones for less
• 45-foot Sea Ray 450 Sundancer or Sedan Bridge; single or twin diesel, about 1,000 hp total; cruising speed about 26 mph Price: $472,000 for 2012 twin-engine
• 41-foot Back Cove Downeast; single diesel 715 hp; cruising speed is 26 mph Price: $619,000 for 2016

50 Foot Yacht Cost

50-foot yachts are  normally owner-operated, so you wouldn’t need to pay for a crew. Now we are around the size of 2-bedroom yachts.

They can provide more living space giving the owner flexibility for more guests and making it a more permanent residential option. With more space comes the opportunity to install more amenities as well.

The biggest difference between the 40-foot vessel and the 50-foot is the accommodations.

Expect three-cabin layouts, which give plenty of space for rest. The opportunity to create guest rooms, owners’ suite, and entertainment spaces are better with these yachts.

Our Pick: Hatteras GT54 Convertible Sportfish

The price for the 2017 model of this used yacht starts at $2,249,000. 

This yacht is 53′ 10″ long and weighs 75,000 pounds! It has twin diesel engines, 1,300 hp each, cruising speed of 35 mph.

It has a 1200-gallon fuel capacity with three staterooms. It sleeps up to 6 people, so it is perfect for entertaining without being so large to the point where maintenance becomes very difficult. It is known for its great propulsion rates and is very smooth and agile.

It specializes as a fishing boat but allows plenty of room for guests. In addition to the three staterooms, it has a large salon deck, a spacious galley, and plenty of indoor and outdoor seating.

Yacht Price Examples for Two Other 50 Foot

• 51-foot Azimut Magellano 50; express cruiser; twin diesel engines, 425 hp each, cruising speed 16 mph Price: $670,760 for 2013
• 52-foot Carver C52 Command Bridge; twin diesel engines, 600 hp each; cruising speed 18- 26 mph Price: $1,149,000 for 2017; $1,750,00 for 2021 with bow thrusters, gyro-stabilizer

How much is a large yacht? Let’s  step up to 60 foot.

60 Foot Yacht Cost

Now we’re looking at 2-bedroom yacht prices. A yacht in this range approaches the upper end of the owner/operator criteria.

This means that owners need to decide whether they can handle this size yacht on their own or if they need to hire outside help from a crew.

If you’re thinking of buying a boat this size, the cost may not be an issue, but understand that adding crew members adds substantial extra expenses! Crew salaries start at around $3K /mth for junior members and $10K for captains and experienced crew members.

This size is great for longer travels beyond day trips and adds more and more space for extra amenities. Hosting guests becomes easier.

Here are some examples:

Our Pick: Hatteras M60

The average base price for this model is around $2,995,000.

The Hatteras M60 is great for someone who wants the luxury of a larger yacht but still wants to be an owner-operator. The deck’s layout below and above is spacious, with a large salon and a full master suite. It can be customized to order with hardwood floors or specific carpeting and amenities like TVs, a bar, a full kitchen, etc. It is a motor yacht, meant for pleasure cruising.

It has twin diesel engines, 1135 hp each; cruising speed is 28 mph.

Yacht Price Examples for Two Other 60 Foot

• 64-foot Schaefer 640; express cruiser; twin diesel engines, 625 hp each; cruising speed 25 mph Price: $1,299,000 for 2017
• 60-foot Sunreef 62 Sailing Catamaran; twin diesel engines 110 hp each; cruising speed 10 mph Price: $990,000 for 2009

70 Foot Yacht Cost

We’re now looking at 3-bedroom yachts. Once you reach this size yacht, it is almost guaranteed you will need a crew to help operate it. A crewed yacht is very different from an owner-operated yacht.

This is just shy of the superyacht category, so if you settle on this size, know you are almost there!

As previously mentioned, as the yacht size gets larger, so do the number of factors that make the purchase more layered and complex.

When yachts reach this size, the interior layout begins to change more drastically. They often have a spacious main deck perfect for dining and entertaining guests, whereas below, the yacht would likely have four or more cabins and crew quarters.

With more rooms comes more cost and more opportunity to customize the space to make it your own.

Here are some great options for this size:

Our Pick: Hatteras GT70 Convertible Sportfish

The 2017 GT70 model runs around $4,500,000, but keep in mind the extra costs of maintenance, furnishing, and a cabin crew to help it run. It’s great for a long vacation and far-away destinations.

The GT70 convertible sportfish is known for its speed and agility, and high propulsion power. It has twin diesel engines, 1900 hp each; cruising speed over 30 mph.

It is 70′ 6″ with 2,140-gallon fuel capacity. The inside is lavish, with a galley, a huge salon, and five staterooms.

Yacht Price Examples for Two Other 70 Foot

• 75-foot Hatteras Motor Yacht; sport cruiser; twin diesel, 1800 hp each; cruising speed 28 mph. Price: $4,375,000 for 2017
• 74-foot Ocean Alexander Motoryacht; twin diesel, 1150 hp each; cruising speed 24 mph. Price: $1,895,000 for 2011

100 Foot Yacht Costs (and up):

You are officially in the superyacht range.

These yachts come in all styles and shapes, allowing for cruising along coastlines or focusing on watercraft and speed boating.

Since this is likely the peak size boat for practical use, you can expect a lot of additional costs for hiring a crew, maintenance, docking, as well as stocking your boat full of amenities. 

You’re likely to spend the bulk of your costs furnishing this size boat as bigger yachts typically are sold without furniture. The previous owner will want to hold on to designer furniture and other expensive interior.

Check out these great  examples of 100-foot yachts .

Our Pick: 143′ 04″ Virtus 44

This model cost around $20,189,000.

This mega yacht is anyone’s dream.

It is home to a fully integrated beach club with room for a pool deck, floor-to-ceiling windows in the main salon, a hot tub on the top deck, five staterooms, an 8-person crew, and room to sleep ten guests.

It has room for water toys and other gadgets, with a layout that keeps them purposefully hidden from the outside world. It has a 12-knot cruising speed and 16-knot max speed,

Other 100+ Feet Yachts Price Examples

• 98′ 5″ AB 100 Price: $8,843,260 for 2018
• 161′ 04″ Acico Nassima Price: $17,933,000 for 2012

How Much is Yacht Insurance?

Insurance on a yacht is around 1% of the purchase price per year. It can go higher if you have lots of expensive designer furniture. This can add up over the years. It’s often cheaper to insure a sailing yacht but the price range is still within the 0.7-1.3%.

What Other Expenses Do Yacht Owners Face?

Harbor fees is another expense for yacht owners. It’s also a yearly fee that varies but as a rule of thumb, you can expect to pay around $100 per foot per year, depending on how popular the marina is. You will also have to be on a waitlist if you want a good location.

How Much Does a Luxury Yacht Cost?

A super yacht fall under the category of “luxury yachts” or “mega-yachts”.

The world’s largest private vessel belongs to the Prime Minister of the United Arab Emirates, Khalifa bin Zayed Al Nahyan’s Azzam. It is 590 feet long and costs $600 million to build!

It is outliers like these that increase the price average for yacht owners, perhaps scaring potential owners when they start their research.

As a luxury yacht price guide, however, we need to look at averages.

Currently, the average superyacht costs $275 million. This does not even account for maintenance costs, either.

Superyachts are large and luxurious, needing a professional crew to help them run. They are designed to emphasize comfort, speed, and longer expeditions – depending on the yacht builders.

They might have:

• swimming pools,
• water toys,
• diving and fishing poles,
• fully furnished rooms,
• helicopter landing pads,
• and smaller support vessels

Just to name a few amenities. They are truly the epitome of the elite.

What Size Boat is Considered a Yacht?

The normal yacht length starts at around 23 feet, and can extend hundreds of feet.  If the boat meets 23 feet, it can be considered a yacht.

A boat does not need luxury features to be considered a yacht.

It can be minimal and stripped of the “extra” stuff to fall into the yacht category, so long as it meets the size and length criteria.

11 Things to Consider Before You Purchase

When making this purchase, the yacht size you buy needs to reflect what you hope to get out of the vessel.

Some important questions to ask yourself before you buy are:

• What does your perfect day on the water look like?
• How long will your average day on the water be?
• Will it be more boating/watercraft focused or long cruise focused?
• Will you use the yacht for fishing?
• Will you be on the yacht every day of the week or just on weekends?
• How many people do you hope to fit on the yacht?
• Do you plan to stay on the yacht overnight?
• Where will you dock the yacht?
• How much boating experience do you have?
• How fast do you want the yacht to go?
• How important is it to have extra amenities like furnished rooms, water toys, electronics, etc.?

These questions will guide you to understand the size you really need and will be able to realistically maintain versus what your most ideal yacht would look like.

When Do You Need a Full-Time Crew?

At length over 50 or 60 feet, you may need a full-time captain or crew. 

A full-time crew person will be needed to keep all the varnished woodwork looking good and all the little things maintained.

Sometimes, you must be honest with yourself about what you want and what you actually need. Be self-aware about your abilities (or lack thereof) in taking care of a specific size yacht.

If you don’t know much about boats and navigation, you will need more help to use your vessel.

Hopefully, this comprehensive guide gives you a good starting point as you begin your yacht price research process.

Important Things to Consider As Well

Although there are many factors to consider when understanding a yacht’s prices, it is an exciting purchase nonetheless and should be enjoyed as much as possible.

At the end of your research, you’ll be the owner of a beautiful yacht you can use for leisure, cruising, sports craft, fishing, or all of the above.

Although this article is a good starting point, we would also recommend getting in touch with a  yacht broker who can help you find your best fit , model, year, and the price is given your personal budget. 

They are great sources of knowledge in addition to personal research.

Make sure you are as patient as possible in this process to make sure you are covering all your bases, but most importantly, enjoy the process!

Here’s How Much Yachts Cost on Average:

Yachts start around $300,000 for smaller 40-foot models and can go as high as several hundred million dollars for superyachts.

These are the main contributing factors to the price of a yacht:

• The size of the yacht
• The age of the yacht
• The brand and  type of yacht

In general, the larger the yacht is, the more important the quality of the build becomes.

Also, potential owners need to understand the cruising speed and propulsion of different yachts.

The yacht type is also broken down into two categories:

• Mediterranean Style Open style expresses yacht with maximum space for sun, little-to-no shade on the deck.
• Hard-top express Semi-enclosed or fully-enclosed space on deck for the operator
• Flybridge yachts

An express yacht is often referred to interchangeably as an  express cruiser  or  sports cruiser .

It has a single deck above the hull with a living space below.

They are much sleeker, too.

A flybridge yacht is often referred to as a sedan bridge or sport bridge, and it is typically used for fishing. It has additional space above the main deck.

Since the flybridge area has more space on the second deck, the main deck is normally made up of enclosed spaces and rooms.

It can have an open-air layout but can also have a hard-top.

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How Much Does it (Really) Cost to Own a Yacht?

The true cost to own a yacht is an area of concern for many prospects of yacht ownership. And it should be.

Maintenance costs, exploitation costs, total cost compared to yacht charter, we detail in this article the expenses (especially the hidden ones) you have to consider before buying your first yacht !

We also provide you several solutions to lighten your investment and reduce the cost to own your yacht. 

If you are looking for the price of a yacht charter (rental), please read this article instead .

How much is a yacht?

Before diving into the expenses that comes monthly, yearly or every decades once you own a yacht, let’s answer the elephant in the room: How much is a yacht (alone) in the first place? The short answer is… it depends, of course. But in most cases, the longer the yacht, the higher is her selling price.

Generally speaking, you can expect to find yachts for sale in the following price ranges:

• Below 50ft (15m): between 500K – 2,500,000 € / USD
• Between 50-70ft (15-21m): between 2 millions and 6 millions € / USD ( See our 9 catamarans for sale under 6 millions here )
• Between 70-100ft (20-30m): between 6 millions and 20 millions € / USD
• Superyachts over 100ft (30m): minimum 10 millions € / USD

You can always find exceptions to the rule and find cheaper or more expensive yachts for sale outside of these price brackets.

A lot of factors come into the selling price of a yacht: supply and demand, brand / model reputation, age and condition of the vessel, urgency or lack of for the sale and so on.

What are the main hidden costs that come with yacht ownership?

You probably already guessed it, the cost of owning a yacht doesn’t stop at its purchase price . In some cases, the price you bought your yacht at can seem like a bargain, but it really isn’t once you start adding all the hidden costs, and many of them come yearly.

Here are the main ones you should be wary of.

Yacht exploitation and running costs : always calculate them carefully before buying your yacht

It always cost you money to exploit your yacht.

When you are chartering a yacht, a part of these operation costs is included in your APA (Advanced Provisionning Allowance) .

When you own a yacht, these costs still apply , but you will have to pay directly for them.

Among the main operation costs, the most important are usually the following:

• The fuel: its cost will depend on the type of boat, her fuel consumption, the region, and the distances traveled;
• The mooring fees which depends on the area but also on the boat size;
• The crew, if you need it. The cost will depend on the frequency and the crew’s size;
• The communication fees;
• The food and beverages supplies;
• All the expenses related to your leisure activities.

Yachts maintenance: a cost that you should definitely not overlook

Even outside of its operating period, it still costs you money to own your yacht!

Maintenance of your boat isn’t an option and must be done on an ongoing basis. The price vary depending on the type of yacht you are owning (motor, sail, etc…), the size of the vessel, but also how old she is.

The maintenance costs include :

• The regular maintenance of certain equipment, like engines, thrusters, sails, rigging, safety equipment, hull(s) (fairing)…;
• The occasional maintenance operations in case of breakdown or damage;
• The painting;
• The cleaning and the specialized maintenance products (for teak, leather, …). 

The costs of maintenance and upkeep will obviously not be the same if you do it yourself or if you call in specialists. But regardless, you should have a budget buffer dedicated to maintenance costs when you plan on buying a yacht, especially if she already had a long sailing life.

The taxes and insurance premiums of a yacht: a cost that most forget

Consider the different taxes (at the purchase and annual) and the yearly yacht insurance that you have to pay. A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat’s purchase price per year.

Must Read : Yacht Insurance : The Definitive Owner’s Guide

Yearly harbor fees : a very important hidden cost of yacht ownership

The port and/or winterization fees are also a big part of yacht ownership costs that you should carefuly estimate.

Depending on your region, you may need to consider “dry-docking” your boat, which involves handling, transport, and storage which can be really expensive. 

If you can leave your yacht in the water all year round, you will need to go for a harbor ring concession.

Depending on the marina and its infrastructure, the region, and your boat’s size, the costs may considerably vary from a few hundred dollars to thousands of dollars a month . However, it is easy to obtain this information from marinas once you have chosen which yacht to purchase.

The depreciation’s price of a yacht

A yacht, like a car, will depreciate . It is difficult to estimate the depreciation, as it depends on economic conditions, exchange rates, price inflation when new, the type of boat, and the shipyard. 

However, it is reasonable to estimate a minimum depreciation of 10% in the first year, then 7% in the following years. From the fifth year on, the depreciation tends to slow down. On the other hand, the operating costs increase.

Summary of the main operating and maintenance costs of owning a yacht

So, to sum up, how much does it cost to own a yacht? It largely depends on your type of yacht and your location.

But in general, owning a yacht will cost you between 10-25% of its value annualy . The longer the yacht, the likelier you are to be at the end of the spectrum.

Here are the reasonable costs you could consider:

• 10% of its value annually for a 60ft (18m) / 1 million USD yacht and below (=max 100K / year)
• 20% of its value annually for a 100ft (30m) / 10 millions USD yacht and above (=min 2 millions / year)

These brackets of total costs include everything: usual yacht maintenance, upkeep and operating costs that will be distribued as follow:

• Communication
• Maintenance
• Insurance premiums
• Harbour fees
• Cost of depreciation

Are you worried? Do not. Luckily, there are numerous ways to decrease the overall cost of yacht ownership and still enjoy yachting as it should be. Read the next paragraphs to know these valuable tricks.

If you liked this article you will also like : HOW MUCH DOES IT COST TO CHARTER A YACHT?

How to reduce the cost of yacht ownership?

A yacht keeps on costing money even when not in use, so the best way to make it a more profitable investment is to increase its exploitation.

Renting your own yacht : a good way to reduce the costs of owning a boat

When you are not using the boat, you can earn income by renting it out. The rental price depends on the type and size of the boat, but also its location. While making money from renting is possible, don’t expect to pay back all your expenses. Nevertheless, it will help you in avoiding your yacht becoming a financial burden. 

The easiest way to do this is to hire a professional charter company to help you. If you go for a reputable and experienced company, you will benefit from their expertise and contacts. It will also save you from legal, insurance, and withdrawal issues and avoid red tape.

On the topic : Yacht to Charter : Can It Be Profitable?

Fractional yacht ownership: share the cost of owning a yacht with co-owners

Another solution to own a yacht at lower cost is fractional ownership of a boat , which means that you own a fraction of it. It can be half, a quarter, or even less. For a long time, boaters have been opting for this option of partial ownership with friends or family. These days some companies create formalized fractional ownership arrangements for more guarantees. 

For example, in partnership with the Windward Islands, SAILING RESORT proposes fractional boat ownership on the fabulous trimaran, the LEEN 72’. So you can become a co-owner of the new hybrid-powered multihull which can accommodate up to 10 passengers and 4 crew members. You will enjoy private use of the trimaran (depending on the period) from 6 to 12 weeks during the first 5 years.

This program proposes a profitable commercial operation with 24/7 premium service. It is a tailor-made solution for all those who want to feel like owners of a prestigious yacht for a few days a year while limiting their investment and responsibilities. WI manages the operation of the yacht for you out of your personal use, like the charter’s organization, maintenance, insurance, annual mooring, and all other administrative tasks.

Once you have weighed the pros and cons and have the means to finance both the purchase and the annual costs (maintenance, operation, …) of your yacht, you should go for it! Indeed, if you can evaluate the hidden costs and expenses of owning a boat, the freedom and unforgettable memories are priceless. 

Yacht Charter remains a cheaper alternative than yacht ownership in many cases

If you can’t enjoy your yacht frequently or are still unsure about whether it’s worth the cost or not to own a yacht, you might consider chartering instead. This will allow you to try out different models , from various shipyards, and see which ones you prefer.

Therefore, the cost of renting a yacht will save you from having to worry about all those hidden costs of owning one. All you have to do is pay for your charter, your cancellation insurance and set your APA during your stay. This way, you only pay money, time, and effort when you use the boat.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

Read also : SUSTAINABLE YACHTING: HOW IS THE BOAT INDUSTRY BECOMING MORE ECO-FRIENDLY?

Frequently asked question

For a 60-foot or million-dollar yacht, the cost per year will be about 10% of its value or $100,000 per year.

You should expect to pay about 20% or more of the original price of your boat to run it annually. So, for a $10 million yacht, the cost to operate will be about $2 million per year, including fuel, insurance, dock fees, maintenance and repairs, crew, etc.

A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. Add another 15-25% of the vessel’s value for V.A.T.

Once you have weighed the pro and cons, if you can afford the purchase and all the hidden annual expenses, have found your dreamed yacht, and have time to enjoy it, you should go for yacht ownership!

It is not the best way to make money, but you can minimize your annual expenses by renting it or opting for fractional boat ownership.

It’s hard to tell. As long as you have the money and enough time to enjoy it, it is worth owning a yacht! Everything cannot be estimated. For example, it will bring you invaluable freedom and happiness.

One of the easiest way to reduce the maintenance cost of a yacht is to fractional yacht ownership. That way, the maintenance expenses are spread among co-owners according to their shares.

It varies greatly depending on the size of the yacht. For a yacht of 60ft (18m), you will likely spend around 10% of its purchase value each year in maintenance and exploitation costs.

Luxury yachts have maintenance and operation costs that are around 10% of their value yearly. So if a yacht value is 2 millions USD, its maintenance and operations costs should be around 200K / year.

Operating a sailboat is usually 20-40% cheaper than the same size motoryacht. Motoryachts tend to be more expensive to operate than sailboats as the fuel consumption can become an important expenditure fast.

A small yacht below 50ft is usually for sale between 500K and 2,5 millions USD / €. A mid-size yacht between 50ft and 100ft is usually for sale between 2-15 millions USD / €. Above 100ft, the selling price is rarely below 10 millions USD / €.

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120 Explorer

The boldest expression of solar powered yachting yet.

Our 120 Explorer brings Silent technology to the superyacht level. Capable to taking you almost anywhere on the water, she pushes our dedication to engineering and innovation further than any other electric yacht before. Just as with our 80 Series, Marco Casali was responsible for the futuristic exterior and opulent interior design of this supercatamaran. Bespoke customization across all four decks ensures the owner´s vision will be transformed into reality effortlessly.

Specifications

Exterior deck

Flybridge & Helipad

Solar-electric yachting advantages

Unlimited range, noiseless cruising, zero emission, minimal maintenance, 12o series highlights.

Touch & go helipad

With the help of a sliding mechanism, the solar panels are capable of moving apart – revealing a sun deck which can also be used as a touch and go helipad. It was specially designed for eVTOLs (electric Vertical Take-Off and Landing aircrafts). This makes her the first Silent offering 4 complete decks.

Electric submarine

In combination with the NEMO, a series produced electric submarine, you can explore depths of up to 100 m. Designed by U-Boat Worx, the batteries of the optional submarine can be recharged by connecting it directly to the yacht.

2 Tender garages

The 120 Explorer is equipped with two tender garages. The first one is located between the hulls and accommodates limo tenders of up to 7.5 m. In addition, a smaller crew tender and toys can be stored in the side-loading garage in the port hull.

Incredible space

900 m² of combined exterior and interior space means this super catamaran offers similar amounts of space as monohulls measuring up to 50 m in length, giving you plenty of opportunity to play with.

8 Years Warranty Battery Banks

4 0 years warranty solar panels, lifetime warranty electric motors, rina class certification, ocean crossing capabilities.

If you would like to enquire about this electric yacht and get in touch with a member of our team, please click on the button below.

Other models

Silent Group

Our charters offer you the opportunity to book a memorable vacation on board of our electric yachts. Including our helpful crew, consisting of a captain and a chef, you will experience the comfort of solar powered yachting.

As the pioneers of solar yachting, we have almost three decades of experience regarding the research, design and build of electric yachts. Our team, shipyard and the hiring of new talent are the backbone of our operations.

By transferring our solar yachting technology, Silent Resorts develops sustainable beachfront resorts in beautiful locations worldwide. Memberships offer full or part ownership of an eco-property and a Silent yacht.

Create your infinite playground on the water. A selection of premium electric water toys, which can be recharged by simply connecting them to your Silent yacht, as well as other accessories for the ultimate experience on board.

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The Dali Is a Big Ship. But Not the Biggest.

By Ella Koeze

Empire State Building

Approximate

1,454 feet long

MSC Irina Biggest container ship in the world

Up to 24,346 20-foot

containers (T.E.U.s)

200 feet wide

Ever Max Biggest container ship to sail into Baltimore

15,432 T.E.U.s

Eiffel Tower

9,971 T.E.U.s

Container ship of the 1970s

~2,500 containers

Football field

approximate.

Up to 24,346 20-foot containers (T.E.U.s)

Ever Max Biggest container ship to sail in the Port of Baltimore

~2,500 T.E.U.s

Approximate width

Empire State

Biggest container ship

in the world

to sail into Baltimore

Container ship

of the 1970s

Sources: “The Geography of Transport Systems,” by Jean-Paul Rodrigue; VesselFinder; the Empire State Building; the Eiffel Tower; ShipHub; Maryland Port Administration

Note: Widths shown are for the widest point for each ship. One T.E.U., or 20-foot equivalent unit, represents the volume of one 20-foot container, though ships can carry containers of varying sizes.

The container ship that hit the Francis Scott Key Bridge early Tuesday while leaving Baltimore Harbor is enormous. When fully loaded, the vessel, the Dali, can weigh more than 116,000 tons and carry thousands of containers of cargo.

But in comparison with some of the other ships out there, the Dali is a featherweight. The size of the largest container ships has grown, in fits and starts, since the early 1980s. The current largest class of container ships in the world can hold more than twice the amount of cargo that the Dali can.

Container Ships Keep Getting Bigger

20,000 T.E.U.s

Largest ship by capacity

Source: “Port Economics, Management and Policy,” by Theo Notteboom, Athanasios Pallis and Jean-Paul Rodrigue

Note: One T.E.U., or 20-foot equivalent unit, represents the volume of one 20-foot container, though ships can carry containers of varying sizes.

Giant ships have played a central role in the fueling of the modern economy, as global demand for electronics, clothes and other consumer goods continues to grow.

For shipping lines, the bigger the ship, the more cost efficient each voyage becomes.

The rise of massive ships has in turn pressured ports to adapt in order to attract business. For example, when an expansion of the Panama Canal in 2016 allowed larger ships to pass through, major Eastern Seaboard ports reacted by investing billions of dollars, said Jean-Paul Rodrigue, a professor in the department of maritime business administration at Texas A&M University-Galveston.

The ports, including Baltimore, scrambled “to dredge, to expand the infrastructure, to buy new cranes to accommodate these ships,” he said.

In August, the Ever Max, which is over 1,200 feet long and can hold up to 15,432 20-foot containers, became the largest container ship to ever enter the port of Baltimore.

Container ships are only one kind of common commercial vessel, however. Bulk ships and tankers have been on the bigger side for decades, and carry wet and dry goods that include oil and coal — a major export for the Baltimore port. In the 1970s, the decade that the Francis Scott Key Bridge was built, tankers roughly the same breadth and length as the Dali were in use in Eastern U.S. ports.

Bigger ships can create bigger disasters when accidents happen. Size played a role when a 1,300-foot vessel got stuck in the Suez Canal in 2021, causing alarming shipping delays.

The Dali’s size was not necessarily a factor in Tuesday’s accident, and investigators continue to search for sources of the cause. Even for a ship half the Dali’s size, Mr. Rodrigue said, “I suspect the outcome would’ve been the same.”

An earlier version of this article misstated the units of holding capacity for cargo ships. The capacity is measured in terms of TEUs, or 20-foot equivalent units, not containers.

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Here's who could be responsible for paying for the Baltimore bridge disaster

• The Francis Scott Key Bridge in Baltimore collapsed after a container ship collided with it.
• Several entities could be on the hook to foot the bill in the aftermath of the disaster.
• The maritime insurance industry will likely be saddled with the highest costs. 

The Francis Scott Key Bridge in Baltimore collapsed on Tuesday after a large container ship ran into it, leading to six presumed deaths and millions of dollars in possible damage.

It's still too early to estimate the total economic impact of the disaster, but between the cost of rebuilding the decades-old bridge, compensating the victims' families , and paying out damages for disruptions to the supply chain, the eventual cost of the disaster is expected to be significant.

Who will pay to rebuild the bridge?

President Joe Biden said on Tuesday the federal government should be responsible for paying to reconstruct the damaged Francis Scott Key Bridge.

"It is my intention that the federal government will pay for the entire cost of reconstructing that bridge, and I expect Congress to support my effort," Biden said.

The bridge was built in the 1970s for about $60 million, but the cost of rebuilding it could be 10 times its original price tag, an engineering expert told Sky News. 

Baltimore is among the busiest ports in the nation , with more than a million shipping containers passing through each year. The collapse — which closed the port to all maritime and most road traffic until further notice — is already beginning to wreak havoc on the supply chain.

The cost of building the bridge back fast enough to offset diversions as much as possible could saddle the government with a more than $600 million bill, David MacKenzie, the chair of the engineering and architecture consultancy COWIfonden, told Sky News.

Who will pay for damages to the ship and its cargo?

The container ship, the Dali , is owned by a Singapore-based firm. The ship's charterer, Maersk, confirmed to Business Insider that vessel company Synergy Group operates the ship. 

However, the companies with cargo aboard the Dali could ultimately be responsible for some of the ship's damages and cargo costs, according to Ryan Petersen , the CEO of the supply-chain-logistics company Flexport, which had two containers on the ship.

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The Dali was carrying 330 containers that must now be rerouted, Petersen said in an X thread.

An ancient maritime law known as " general average " dictates that companies with even a single container aboard a ship split certain damages pro rata based on the number of containers they had on board, ensuring all the stakeholders benefiting from the voyage are splitting the risk, Petersen said.

General average situations can occur when a ship is stranded or when cargo is damaged or thrown overboard to save the vessel, according to Flexport . The concept helps ensure that all parties who have a vested interest in the vessel share the cost and concern of protecting it.

It's too soon to know whether damages incurred to free the Dali in the coming days will qualify as a case of general average.

Who will pay for everything else?

The majority of the financial fallout is likely to lay primarily with the insurance industry, according to media reports.

Industry experts told the Financial Times that insurers could pay out losses for bridge damage, port disruption, and any loss of life.

The collapse could drive "one of the largest claims ever to hit the marine (re)insurance market," John Miklus, the president of the American Institute of Marine Underwriters, told Insurance Business.

He told the outlet that the loss of revenue from tolls while the bridge is being rebuilt will be expensive, as will any liability claims from deaths or injuries.

The Dali is covered by the Britannia Steam Ship Insurance Association Ltd., known as Britannia P&I Club, according to S&P Global Market Intelligence.

In a statement to Business Insider, Britannia said it was "working closely with the ship manager and relevant authorities to establish the facts and to help ensure that this situation is dealt with quickly and professionally."

Britannia is one of 12 mutual insurers included in the International Group of P&I Clubs, which maintains more than $3 billion of reinsurance cover, sources familiar with the matter told Insurance Business.

Britannia itself is liable for the first $10 million in damages, both FT and Insurance Business reported. Whatever remains is dealt with by the wider mutual insurance group and Lloyd's of London, a reinsurance market in the UK, the FT reported.

Update: March 28, 2024 — This story has been updated to include additional information about general average and clarify that it is too soon to know whether general average will apply in the case of the Dali.

Watch: The container ship that destroyed the Francis Scott Key Bridge has crashed before

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March 26, 2024 - Baltimore Key Bridge collapses after ship collision

By Helen Regan , Kathleen Magramo , Antoinette Radford, Alisha Ebrahimji , Maureen Chowdhury , Rachel Ramirez , Elise Hammond , Aditi Sangal , Tori B. Powell , Piper Hudspeth Blackburn and Kathleen Magramo , CNN

Our live coverage of the Baltimore bridge collapse has moved here .

Crew member on DALI said everyone on board was safe hours after bridge collapse, official says

From CNN’s Amy Simonson

A crew member on the DALI cargo ship sent a message hours after the Francis Scott Key Bridge collapsed Tuesday saying everybody on board was safe, according to Apostleship of the Sea director Andy Middleton.

Middleton, who spent time with the captain of the DALI Monday, told CNN’s Laura Coates he reached out to a crew member after hearing about the incident Tuesday morning. 

He said there were 22 members aboard the ship from India who were setting sail earlier Tuesday morning and were heading toward Sri Lanka.

“I was able to reach out to a crew member very early this morning around 5:30 (a.m. ET) or 6 (a.m. ET) and get a message to them asking if they were OK,” he said. “That crew member responded within just a few minutes advising that the crew was safe, and everybody that [was] on board was safe.”

Middleton was told by the ship's captain Monday that the vessel was going to take a longer route to avoid risks along the Yemen coast.

“When I was out with the captain yesterday, we were talking while we were driving, and he advised that they were sailing down and around the tip of South Africa in order to avoid the incidents that are going on off the Yemen coast, and it was a safer way to go,” he said.

Middleton said the  Apostleship of the Sea  is a ministry to seafarers with members that spend time in the port and on the vessels as a friendly face to the seafarers that visit the Port of Baltimore, “taking care of their needs to make sure that they're reminded of their God-given human dignity when they're here in Baltimore.”

Search operation ends in "heartbreaking conclusion," Maryland governor says. Here's the latest

From CNN staff

Six people, who were believed to be part of a road construction crew, are presumed dead after Baltimore's Francis Scott Key Bridge collapsed early Tuesday morning. The collapse came after a 984-foot cargo ship hit the bridge's pillar.

Maryland Gov. Wes Moore told reporters Tuesday evening it's a "really heartbreaking conclusion to a challenging day."

Late Tuesday, it was discovered that two of the construction workers who went missing after the bridge collapsed were from Guatemala , the country's Ministry of Foreign Affairs said late Tuesday.

Here's what you should know to get up to speed:

• The victims: Eight people were on the bridge  when it fell, according to officials. At least two people were rescued — one was taken to the hospital and was later  discharged , fire official and the medical center said.
• The incident: Video shows the moment the entire bridge structure falls into the water, as the ship hits one of the bridge's pillars. CNN analysis shows that the  ships lights flickered  and it veered off course before it hit the bridge. Maryland Gov. Wes Moore said the crew on the ship were able to issue a "mayday" before colliding into the bridge, which allowed the authorities to stop incoming traffic from going onto the bridge.
• Response efforts: Earlier, dive teams from various state and local agencies were brought in to assist in search-and-rescue operations, according to Maryland State Police Secretary Col. Roland L. Butler Jr.. The mission started with 50 personnel and continued to grow before the Coast Guard announced Tuesday evening that it was suspending its active search-and-rescue operation and transitioning to a "different phase."
• The investigation: Authorities are still working to establish exactly how the crash occurred. The National Transportation Safety Board will look into  how the bridge was built  and investigate the structure itself. It will "take time to dig through" whether the bridge had ever been  flagged for any safety deficiencies , NTSB Chair Jennifer Homendy said.
• Rebuilding the bridge: US Sen. Chris Van Hollen said the path to rebuilding the bridge will be "long and expensive." Senior White House adviser Tom Perez told reporters Tuesday “it’s too early” to tell how long it will take to rebuild the bridge. President Joe Biden said Tuesday he wants the federal government to bear the full cost of rebuilding the collapsed bridge, noting that it will not wait for the company who owns the container ship DALI to shoulder the costs. Funding could come from the Federal Highway Administration as well as the Bipartisan Infrastructure Law, but it may require additional funding from Congress.

2 of the missing construction workers from bridge collapse were from Guatemala, foreign ministry says

From CNN’s Allison Gordon, Flora Charner and Amy Simonson

Two of the construction workers missing from the bridge collapse in Baltimore were from Guatemala, the country's Ministry of Foreign Affairs said in a statement late Tuesday.

Those missing included a 26-year-old originally from San Luis, Petén. The other is a 35-year-old from Camotán, Chiquimula, the statement said.

The ministry said both were part of a work team “repairing the asphalt on the bridge at the time of the accident.”

The statement did not name the two people missing, but it said the country’s consul general in Maryland “went to the area where the families of those affected are located,” where he hopes to be able to meet with the brothers of both missing people.

The consulate   also issued a statement Tuesday saying its consul general in Maryland "remains in contact with local authorities," and also confirmed that two of those missing "were of Guatemalan origin.”

Six people, who were believed to be part of a road construction crew, are presumed dead after Baltimore's Francis Scott Key Bridge collapsed early Tuesday morning when a cargo ship hit the bridge's pillar.

State and federal officials have not released information about the identities of any of the six missing workers.

Underwater mapping of bridge collapse area to begin Wednesday, Baltimore fire chief says

From CNN's Jennifer Henderson

Search operations near the Key Bridge collapse have shut down for the night due to dangerous conditions, but the process of underwater mapping with many local, state and federal dive teams will begin Wednesday, Baltimore City Fire Chief James Wallace told CNN’s Anderson Cooper Tuesday night.

Wallace said the portion of the Patapsco River is “tidal influenced, so it goes through tide cycles just like the open waters of the Chesapeake Bay does.”

The water depths in the area under the bridge vary from 40 feet to more than 60 feet, Wallace said. The deeper the divers go, the colder the temperatures they encounter, and the visibility is zero, he added.

 Wallace said when crews arrived Tuesday morning, the surface water temperatures of the Patapsco River were about 47 degrees with an air temperature of 44-45 degrees.

Here's what you should know about the historic Francis Scott Key Bridge

The Francis Scott Key Bridge collapsed early Tuesday after a massive container ship lost power and crashed into the iconic Baltimore bridge, sending people and vehicles into the frigid Patapsco River.

Six people, believed to be part of a road construction crew, are presumed dead and the Coast Guard has ended its active search and rescue mission.

Here's what you should know about the historic bridge:

• How old?: The Francis Scott Key Bridge, also referred to as just the Key Bridge, opened to traffic in March 1977 and is the final link in the Baltimore Beltway, according to the Maryland Transportation Authority (MDTA.) It crosses over the 50-foot-deep Patapsco River, where former US attorney Francis Scott Key found inspiration to write the lyrics to the Star Spangled Banner, the MDTA says.
• How long?: The bridge was 1.6 miles long when standing, MDTA reports.
• Traffic volume: More than 30,000 people commuted daily on the bridge, according to Maryland Gov. Wes Moore.
• How much did it cost?: The bridge cost $60.3 million to build, MDTA says. Since its collapse, President Joe Biden said he’s committed to helping rebuild the bridge as soon as possible.
• About the port: Baltimore ranks as the ninth biggest US port for international cargo. It handled a record 52.3 million tons, valued at $80.8 billion, in 2023. According to the Maryland state government, the port supports 15,330 direct jobs and 139,180 jobs in related services.
• About the ship: The bridge collapsed after a container vessel called Dali collided with one of its supports. Dali is operated by Singapore-based Synergy Group but had been chartered to carry cargo by Danish shipping giant Maersk . The ship is about 984 feet long , according to MarineTraffic data. That’s the length of almost three football fields.

Baltimore woman says bridge collapse was "like a piece of family dissolved"

From CNN's Kit Maher

For longtime Baltimore resident, Ceely, who opted not to share her last name, seeing footage of the Francis Scott Key Bridge collapse  Tuesday was deeply personal.

“I was very heavy-hearted,” Ceely told CNN. “Very tearful, thinking about the families whose loved ones may be in the water and just remembering when the bridge was constructed, and it was just like a piece of family dissolved.”

Ceely was at a prayer group Tuesday morning when she saw the news. She recalled being afraid when she first crossed the bridge while in Ford Maverick in 1975, but grew to like it because it saved time on the road.

“It was a main artery just like a blood line. It was a main artery to the other side of town. It was awesome. It beat going through the city all the time,” she said.

Elder Rashad A. Singletary , a senior pastor who led Tuesday night’s vigil at Mt. Olive Baptist Church told CNN that many church members watched the bridge's construction.

"It’s a part of the community. A lot of our individuals in our congregation drive that bridge to go to work, and so now it’s really a life changing moment,” he said.

"Heartbreaking conclusion to a challenging day," Maryland governor says as Coast Guard ended search operation

From CNN's Aditi Sangal

More than 18 hours after the collapse of the Baltimore bridge, Maryland Gov. Wes Moore said it was a heartbreaking conclusion after the Coast Guard ended the search-and-rescue operation for the six people who were on the bridge when it collapsed.

It's a "really heartbreaking conclusion to a challenging day," he said.

"We put every single asset possible — air, land and sea" to find the missing people, he told reporters on Tuesday evening. "While even though we're moving on now to a recovery mission, we're still fully committed to making sure that we're going to use every single asset to now bring a sense of closure to the families," the governor added.

6 people presumed dead after Baltimore bridge collapse, Coast Guard says. Here's what we know

As the sun sets in Baltimore, six people are presumed dead after a major bridge collapsed overnight Tuesday, according to the Coast Guard. The Francis Scott Key Bridge came down around 1:30 a.m. ET after a cargo ship collided with it.

The Coast Guard said it has ended its active search-and-rescue operation for the missing construction workers who were on the bridge when it collapsed.

• What we know: Eight people were on the bridge when it fell, according to officials. At least two people were rescued — one was taken to the hospital and has been discharged . The Coast Guard has been searching for six other people. But, around 7:30 p.m. ET, the Coast Guard said it has transitioned to a “different phase” of operation, now it did “not believe we are going to find any of these individuals alive,” Rear Adm. Shannon Gilreath said.
• About the ship: The bridge collapsed after a container vessel called Dali collided with one of its supports. The vessel is operated by Singapore-based Synergy Group but had been chartered to carry cargo by Danish shipping giant Maersk . The US Embassy in Singapore has been in contact with the country’s Maritime and Port Authority, a State Department spokesperson said.
• The investigation: The National Transportation Safety Board is leading the investigation into the collapse. A team of 24 experts will dig into nautical operations, vessel operations, safety history records, owners, operators, company policy and any safety management systems or programs, said NTSB Chair Jennifer Homendy. A voyage data recorder will be critical to the investigation, she added. 
• Vehicles on the bridge: Officials are also working to verify the numbers of how many cars and people were on the bridge, Homendy said. Gov. Wes Moore said the quick work of authorities in closing the bridge had saved lives . Radio traffic captured how authorities stopped traffic and worked to clear the bridge seconds before the impact . Maryland State Police Secretary Col. Roland L. Butler Jr. said there is a “ distinct possibility ” more vehicles were on the bridge, but authorities have not found any evidence to support that.
• Looking ahead: NTSB will look into how the bridge was built and investigate the structure itself, including if it was flagged for any safety deficiencies , Homendy said. The federal government has also directed its resources to help with search and rescue, to reopen the port and rebuild the bridge, Vice President Kamala Harris said . Earlier, President Joe Biden said t he federal government will pay to fix the bridge.
• The economy: Transportation Secretary Pete Buttigieg warned the collapse will have a serious impact on supply chains . Until the channel is reopened, ships will likely already be changing course for other East Coast ports. Ocean carriers are already being diverted from the Port of Baltimore, where the bridge collapsed, to the Port of Virginia to “keep trade moving."

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How Much Does It Cost To Build a House?

I n the current housing market, you may be a little shell-shocked at the sale price when looking to buy a house . If you are going to truly invest in where you live, you may want to consider building a house instead . This way you can customize your home to your needs, your family size and the fixtures and features you want to include. 

Read: 3 Things You Must Do When Your Savings Reach $50,000

Often when you think of building a house from scratch, you assume it will cost much more. Though it is a good chunk of money upfront , you don’t have to worry about the maintenance, repairs or upkeep of an older home.

There is also an added benefit. When it comes time to sell your home, it will be newer on the market, which can get you a higher selling price to help further your investment.

How Much Does It Cost To Build A House in 2023?

Nationally on average, it can take six months to a year to build a house, with the average cost being around $114,256 to $488,983. But that cost isn’t the same for all new houses or single-family homes built across the U.S. 

Instead, factors such as location, square footage, the materials and products you select, as well as local labor costs, all influence the total construction cost of your new home. Plus, builders are seeing the prices of lumber and material go up, which they pass on to the consumer.

8 Home Building Cost Estimates

While it’s impossible to give a nice, round figure on what the typical costs for you to build a new home will be, here’s a broad overview. This includes some information from home builders and developers to help you get a rough idea. The following are some of the main home-building costs to factor into your budget:

• Land or lot choice
• Permits and home design
• Costs per square foot
• Lumber prices
• Interior finishes
• Exterior finishes
• Plumbing, electrical and HVAC
• Labor costs

1. Land or Lot Choice: $3,000 to $150,000

Before you can start building, you first have to secure a place to build. Depending on the location you choose, this can greatly affect the overall cost, and is often what drives up the price of real estate. Not to mention the the expense of clearing the land to prep it for your building foundation. 

If your desired location is near a good school district or closer to a major city, the price will probably go up as opposed to more rural areas. There is also the ease of build to consider, as the flatter and easier your land is to build upon, the less it will cost you in prepping and labor. Prepping a lot can cost around $1,300 to $5,100. 

Lots vary greatly in price once you know all the outlying factors. It is estimated that they can range anywhere from $3,000 to $150,000. The lower end of the price range would be for an underdeveloped lot in a rural area that may need clearing.

In housing developments, you can expect to spend between $50,000 to $100,000. Lot pricing varies according to size, location and whether sewer, water and electricity are already present or need to be brought in.

2. Permits and Home Design: $500 to $20,000

Home design services and permits will comprise 10% to 25% of new home construction costs. House plans can cost $500 to $20,000, depending on how basic or complicated your designs are. If you need the services of design professionals, you can expect to pay between $50-$250 per hour. Permit costs will vary depending on location, but it is estimated on average to be roughly $1,200 to $2,000. 

3. Cost Per Square Foot: $120 to $500

It shouldn’t surprise you that the more you build, the more expensive it will be. Depending on the materials, the price will range greatly anywhere from $120 per square foot to $400 per square foot. This can increase for custom builds, as the estimate jumps to about $200 to $500 per square foot.

Building a home is more expensive now, but that’s not to say you won’t get value for your money. While you might have been able to build your dream home for a certain amount per square foot a year or so ago, it will likely cost more now. Here are some sample breakdowns based on square footage:

4. Lumber Prices: $25,000 to $65,000

You’ll typically spend between $25,000 and $65,000 on lumber when building a new home, but there is always potential for lumber prices to rise, given varying supply and demand effects such as infestation, distribution delays or wildfires. Keep in mind that external factors could greatly increase how much you will pay for lumber and other materials. 

5. Interior Finishes: $50,000 to $100,000

Typically, interior finishes comprise less of your overall construction costs than exterior ones, unless you opt for high-end or customized finishes that cost much more. You’ll probably spend about 25% to 33% of your budget on interior finishes. However, as you will be picking the overall design and materials you wish to use, you can opt for swaps to drive down the cost, as long it doesn’t affect the durability or safety of your home foundation.

Below are some examples of what it may cost for specific interior finishes:

• Appliance price: $3,000 to $15,000
• Countertop installation cost: $2,000 to $4,350
• Custom cabinet price : $2,000-$30,000
• Drywall installation price: $5,000 to $30,000
• Fireplace installation fee: $1,000 to $10,000
• Flooring installation price: $10,000 to $35,000
• Interior door installation cost: $5,000 to $20,000
• Interior painting price: $4,000 to $11,000
• Lighting fixture cost: $2,000 to $12,000

6. Exterior Finishes: $40,000 to $60,000

Exterior finishes account for things such as exterior walls, exterior paint, concrete, drainage, drywall, windows, roofing and doors. This will be a big chunk of your budget, as it is estimated to be around 60% of your total cost. Though this is one of the spicier bites of your overall home-building costs, you can find inexpensive ways to achieve the look you want if the estimate is too astronomical.

Here are some estimates for some of the staple exterior finishes:

• Painting a home exterior cost: $1,800 to $4,400
• Roofing installation cost: $5,700 to $12,000
• Window installation cost: $3,000 to $9,600

7. Plumbing, Electrical and HVAC Costs: $30,000 to $75,000

Overall, you can expect to pay between $30,000 and $75,000 to install plumbing, electrical and HVAC systems in your new home. These are fundamental to any home, so you’ll want to make sure you use the right materials and find the right people to install them for you. You really don’t want to mess around with faulty plumbing or electrical outlets.

• Electrical wiring cost: $20,000 to $30,000
• HVAC: $1,500 to $13,000
• Rough-in plumbing costs: $7,500 to $15,000
• Solar panels cost: $18,000 to $35,000

8. Labor Costs: 30% to 50% of Your Project Costs

One of the biggest variants in your house-building budget will be labor costs. Between technicians and independent contractors, there are so many moving parts. You can try to aim for 30% of your budget going to labor, but plan for at least 40% to 50% so you aren’t left in a financial lurch. 

Here are some sample estimates of what to look for when gauging labor costs:

• Architects cost: $125 to $250 per hour
• Construction manager cost: 5% to 15% of the total project cost
• Electrician rate: $50 to $100 per hour
• General contractor cost: 10% to 20% of the total project cost
• House framer rate: $7 to $16 per square foot
• Interior designer rate: $50 to $200 per hour
• Landscape architect fee: $70 to $150 per hour
• Plumber cost: $45 to $200 per hour
• Structural engineers cost: $100 to $200 per hour

Final Take To GO: Is It Worth It to Build Your Own House?

The general consensus among building experts and the National Association of Home Builders is that you should leave room in your building budget beyond what you think you’ll actually need. One of the biggest mistakes you can make is not having enough wiggle room for unexpected costs, between the labor or materials.

As with any large project, keep in mind that timelines and price estimates are subject to change, so try your best to be flexible and pivot where you can. 

Cynthia Measom contributed to the reporting for this article.

This article originally appeared on GOBankingRates.com : How Much Does It Cost To Build a House?

• Cars, Jets & Yachts

How Much Does a Yacht Cost to Build?

The cost to build the world's largest superyachts is a closely guarded secret.

By Kim Ayling

The freedom that comes with owning your own yacht is unrivaled and, if you have the funds to do so, the joy of building your own is even better. However, with prices easily creeping up into the hundreds of millions, and even billions, we ask the all-important question: how much does a yacht cost to build?

Unsurprisingly, the total cost to build the world’s most famous yachts is a closely guarded secret, but there are a few fairly reliable estimations sailing around the industry. One standard way to work out how much a yacht will cost to build is price per gross weight. However, while this can be a helpful guide in valuing yachts, it doesn’t always correlate.

For example, it is thought that Lurssen’s 590-ft Azzam , which features a bulletproof owner’s cabin, an onboard golf practice suite and a submarine, cost in the region of $600m to build. At approximately 13,136 gross tons (GT), that would have made her around $45,676 per GT.

REV , on the other hand, which while still in construction is set to surpass Azzam as the largest yacht in the world at an impressive 602ft, is estimated to be costing around $350m to build. Her weight is thought to be around 17,440 GT, putting her at $20,069 per GT. Clearly, biggest doesn’t always mean most expensive. So what does affect the cost of a yacht build?

[See also: How Much Does it Cost to Charter a Yacht?]

REV is thought to be costing around $350m / ©REV Ocean

Custom vs pre-designed yachts

Firstly, you need to decide the kind of yacht you want: custom or pre-design. Naturally, a custom yacht build will be more expensive. But, for that extra cost, you will get full control over the design, the finish and everything in between.

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A pre-designed yacht on the other hand will save you both money and time. This category of yacht is built based on an existing model, with finishing touches such as interiors, tenders and layout completed when she’s bought. Obviously, this leaves owners with a lot less freedom over their yacht, but it is considerably cheaper and can be delivered in a matter of months instead of years.

Choosing a yacht builder

The world of shipbuilding is dominated by a few key players. For a fully custom build, the likes of Lurssen, Feadship, Oceanco and Royal Huisman (among several others) rule the roost. With builders like this, you can expect to pay a higher price, but for that, you’ll receive years of experience, industry prestige, and cutting-edge technology and techniques.

The most prestigious shipyards will also inevitably have the most skilled team. The team involved in building a yacht is, to put it simply, vast. From start to finish, hundreds of pairs of hands will be involved in the process, with the key players including a yacht designer (interior and exterior), a naval architect and an engineer, as well as a huge team of skilled laborers. There will also be an owner representative working closely with the shipbuilder to ensure the project is delivered in time and to the buyer’s exacting standards.

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The cost of your yacht build will of course include the wages of each of the experienced people involved in making it, so if you want the best, expect to pay for it.

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Viva by Dutch shipyard Feadship / ©Feadship

What affects the cost of building a yacht?

Naturally, a huge variety of factors will impact the total cost of building a yacht. Size is of course one of the main considerations, but materials are another key factor that will dramatically impact cost. Aluminum, for example, is favored for being an impressively lightweight hull material but ton for ton, it is far more expensive than steel.

Onboard technology will also see the final cost creep up rapidly. Demand for smart yacht technology, for example, is continuing to grow, with more owners wanting to replicate the ease of voice control tools that they enjoy in their home, onboard their yacht.

And things that we might take for granted on land such as high-speed WiFi become more complicated – and more expensive – on the water. Kitting your yacht out with a satellite dish can set you back anywhere up to $50,000 which while doesn’t sound much in the grand scheme of a multi-million-dollar ship build, is just one of many hidden costs.

How much do yacht toys and tenders cost?

The yacht itself is just the start of the story when it comes to working out costs. On top of the build, potential owners will need to kit out their boat with all the latest toys and tenders – from submarines to helicopters – which can add a serious amount to your total.

For example, a self-drive submersible by Triton Submarines , which will allow owners to see the underwater world in a completely new way, will start at around $15m. Similarly, while you can pick up a low-grade, second-hand tender for a few thousand dollars, a top-of-the-range option will easily creep into the millions.

Ultimately, the only way to work out exactly how much a yacht will cost to build is to make a serious inquiry with a broker, who will be able to connect you with a yacht builder. From here, you can collaboratively work together to ascertain your budget and exactly how much your perfect yacht will cost.

[See also: The Most Innovative Yachts of the 21st Century]

Oceanco, who made the sleek Esquel, is one of the best yacht builders in the world / ©Oceanco

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Writing by Lisa Shumaker; Editing by Daniel Wallis and Bill Berkrot

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Lisa's journalism career spans two decades, and she currently serves as the Americas Day Editor for the Global News Desk. She played a pivotal role in tracking the COVID pandemic and leading initiatives in speed, headline writing and multimedia. She has worked closely with the finance and company news teams on major stories, such as the departures of Twitter CEO Jack Dorsey and Amazon’s Jeff Bezos and significant developments at Apple, Alphabet, Facebook and Tesla. Her dedication and hard work have been recognized with the 2010 Desk Editor of the Year award and a Journalist of the Year nomination in 2020. Lisa is passionate about visual and long-form storytelling. She holds a degree in both psychology and journalism from Penn State University.

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