One of the most fun forms of entertainment is spending time on the water by boat. Boaters have the opportunity to cruise, watersports, fish, and more. I spend most of my time fishing when I am out on boats. Avid boaters like myself find it time to make changes and upgrade to a vessel that is bigger or has more comfortable features. However, making this decision is difficult. Learn about when it is time for a boat upgrade. 

Top 5 Reasons For Upgrading A Boat

If you’re on the fence about an upgrade, consider these five reasons to better determine if you’re ready. Take it from me: the decision doesn’t come lightly. 

The Number Of Family Members Is Growing

Without question, many families buy boats as a means of entertainment during the summers and on the weekends. 

As families grow with the addition of children, cousins, and more you may want to upgrade the vessel. Accommodating a growing family will provide more comfort so that everyone can spread out and have more space. 

Additionally, the upgrade is likely to improve safety. A more robust vessel will better handle the waves for a smooth ride for all. 

You’re Looking For Added Comfort

Comfort is key. I’ll be the first to admit that some boats are designed with comfort in mind while others are not. 

In the event that you don’t have the proper seating arrangement to lounge while at anchor, dockside, or cruising, you might want to upgrade. 

No sense in owning a boat that doesn’t make you feel like you want to kick back and relax while enjoying the weather. 

Over Night Trips Are Desired

As a former captain on private yachts, I spent a lot of nights sleeping on boats. Recreational boaters can have the same experience. 

With that said, if you’re looking to visit new ports for short getaways, upgrade your vessel to one with a cabin. 

Remember, it doesn’t need to be a luxurious cabin with a full kitchen. Simply a place to sleep can do the trick while you dine at local restaurants. 

You Want A Boat To Handle Bigger Waves

Personally, I like to head offshore and fish. However, this isn’t an option with small boats that are designed for inshore waters. 

In the event that you want to cruise open water or fish in unprotected areas, you’re going to need a bigger vessel. 

Remember, it is not only the length of the boat to consider but the horsepower and number of engines. When offshore, its never a bad idea to have twin engines versus a single in the event of engine failure. 

Your Old Boat Is In The Shop Often

One of the biggest signs that you’re ready for an upgrade is if your watercraft is in the repair shop more often than on the water. 

Remember, each time the boat is out of service, you’re not only wasting perfect weather days but also shelling out money. 

Without question, boats are expensive to own, no matter if it’s running smoothly or how. However, constant repairs skyrocket the annual expense, so investing in a newer model might be your best option. 

Considerations When Upgrading A Vessel

Yes, there are considerations when upgrading a vessel. It is important to weigh these before you jump into a bigger investment. 

Can You Afford The Upgrade

There are three primary costs that will increase when moving from a smaller vessel to a larger boat. The three are the upfront purchase price, the monthly storage cost, and the fuel expense. 

Remember, it is imperative to review your financials before upgradding. Ensure that you are able to purchase a bigger boat and not put yourself of falling short of monthly payments when selecting a financing option. 

Secondly, unless you’re keeping your boat in your driveway at home, know that your monthly storage fee will go up. It should be noted that marinas charge by the foot. Do the math before you make the upgrade. 

Lastly, bigger boats burn more fuel. Expect to be paying more at the pump each time you need to top off the tank. 

The Boat Will Require More Maintenance

Time is money. You’ll be taking more time to wash, wax, and perform routine engine maintenance on a bigger boat versus a small boat. 

With that said, either plan to pay more if you hire someone to do this type of maintenance or plan to take more of your own time with upkeep. 

Is It Time To Upgrade Your Boat

No question about it, making the decision to upgrade a vessel is challenging. A lot goes into purchasing and maintaining a bigger boat. As a captain, I can tell you that boats require a significant amount of maintenance in order to hold value. Know what you’re getting into before upgrading.