Appraising a yacht requires a sound knowledge of the factors likely to influence its value. The right choice of expert is essential. The professional assesses the boat according to specific criteria, including its size, value, technological complexity and the geographical location of its mooring.
Yacht valuation: assessing costs
Variability of yacht survey costs
The costs associated with a yacht survey can vary depending on the model of yacht, as well as its size, make and age. Superyachts require a more detailed survey to assess all aspects of the vessel: advanced navigation systems, interior fittings and state-of-the-art entertainment facilities. The need for a regular survey also ensures that the value of your investment is maintained. The cost of a yacht survey starts at 500 euros.
Methods of invoicing a yacht survey
There are 2 main billing methods for survey services. The first is based on a fixed value per metre of hull. The advantage of this approach is transparency in the pricing of your yacht survey. The second billing method is based on the duration of the survey. It is therefore important to use a professional you can trust to examine your boat.
How do you choose the right professional for a yacht survey?
Marine surveyors
To obtain a reliable marine survey, you can call on a professional who specialises in the nautical field. The Chambre Nationale des Experts Maritimes Plaisance (CNEMP) provides you with a list of approved surveyors in France. The International Federation of Marine Surveyors (FIEM) also has a list of surveyors you can turn to.
Boat brokers
Using a yacht broker is a simple solution for surveying your yacht. The broker acts as a trusted intermediary who puts his technical, nautical and commercial skills at your service, with the aim of accurately assessing the condition of the yacht, its history and its market value. The intervention of a broker guarantees a fair and equitable value for your yacht.
The surveyors
Surveyors, whose directory is available from the French Nautical Industries Federation (FIN), are professionals specially trained to carry out thorough inspections of boats. Their expertise covers assessment of the condition of the hull, engines, electronics, on-board safety and all safety equipment.
5 steps to having your yacht surveyed
Step 1: Find a marine or river surveyor
The first step is to find a boat surveyor who is qualified, experienced and approved. You can carry out this search online, seek recommendations from marine brokers, or turn to yachting associations for advice.
Step 2: Contact the yacht surveyor
Once you’ve identified the yacht surveyor, get in touch to discuss your specific requirements. Take advantage of this meeting to draw up an estimate for the survey of your yacht. This will also allow you to compare the different levels of service and pricing available on the market.
Step 3 Schedule a visit with the surveyor
Once you have accepted the surveyor’s quote, schedule a visit to your yacht at a date and time that suits you. The surveyor will thoroughly inspect every aspect of your yacht and assess its general condition.
Step 4: Receive the survey report
Following the inspection, the surveyor will provide you with a detailed survey report. This report includes all the information relating to the general condition of your boat, any repairs that may be necessary, as well as recommendations for maintenance and safety on board. The document includes information such as :
checking the hull, anodes and propulsion systems
for fibreglass boats, signs of moisture and osmosis
for steel boats, ultrasonic soundings are taken to measure the thickness of the hull.
The yacht inspection also covers the hull, paintwork, deck, superstructure, equipment, engine and the interior of the vessel, including equipment and structure. Finally, the vessel’s safety equipment and administrative documentation are also checked to ensure that your yacht is compliant.
Step 5: taking action
Depending on the conclusions of the survey report, you will be able to make informed decisions. This may include selling your boat, undertaking any necessary repairs, or carrying out renovation work.
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