We believe so, yes. They are mainly an investment in what makes us happy – our life enjoyment. But financially, particularly from our perspective – focusing on luxury bespoke yacht refits, we approach this slightly differently. In answering this question, we believe the emphasis should be on the value added through customisation, unique design, and the overall quality of the refitting work. Giving a new boat feel & finish at a fraction of the price of new.
Personalisation
A bespoke refit allows the owner to tailor every aspect of the yacht to their individual needs and preferences. The level of customisation we offer can significantly enhance the owner’s enjoyment and use of the yacht, which is a form of value that isn’t strictly financial, but is immensely important to many yacht owners. We can create a luxury environment that is & feels new and personal, without the price tag associated with a brand-new yacht.
In the more traditional sense of financial return associated with investments – several SETAG’d yachts have sold & the clients have experiences a premium…they have made back their refit investment and then some.
In short, a SETAG refit adds value.
Unique Experiences
By creating a one-of-a-kind yacht environment, the owner gains something truly unique in the boating world, which can provide emotional and experiential returns that exceed the financial cost.
Cost vs. New Build
In most cases, the total cost of purchasing and custom-refitting a pre-owned yacht can be less than buying a new yacht of comparable size and specification. This lower initial investment can create room in your budget for custom refurbishments…and arguably, can be seen as a better allocation of financial resources, delivering more value for money.
Sustainability
Eco-Friendly Approach: Refurbishing an existing yacht is inherently more sustainable that manufacturing a brand new one, as it reduces the demand for raw materials and energy consumption associated with new constructions. This approach not only appeals to environmentally conscious buyers but also aligns with broader global trends towards sustainability.
Improved Marketability
Attractiveness to Future Buyers: A well-executed, high-quality refit by SETAG can potentially increase the yacht’s appeal in the resale market. If the upgrades and customisations are desirable, as always by SETAG, they can help the yacht stand out among standard models or less thorough, lower quality refits.
Preservation and Enhancement: Quality SETAG refurbishments can also extend the life of the yacht and improve its performance, appearance and safety, making it more attractive to discerning buyers who are willing to pay a premium for a vessel that combines the charm of an existing yacht with the advantages of modern technology and design.
Whilst a yacht, in the traditional sense, might not be considered a “good investment” due to depreciation and maintenance costs, the perspective shifts when considering the added value through a bespoke refit. For someone looking at a yacht purchase and refit from a lifestyle and enjoyment perspective, coupled with the unique advantages of a custom design and sustainable practises, investing in a refit by us, we believe, can be considered a good investment.
The key is focusing on the broader definition of “investment”, including personal enjoyment, unique design, and sustainability, rather than solely on financial returns. However, purchasing pre-owned and refitting will always remain a smaller investment than purchasing brand new.
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