Condo Owner

Volume19 Issue3 2015

Condo Owner publishes information vital to the business and pleasure of resort condominium ownership. Topics covered relate to real estate market trends, community association matters, rental management issues, tax and insurance updates and more.

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V O L U M E 1 9 • I S S U E 3 condo owner www.condo-owner.com 45 explore Determine Your Needs There are a plethora of options when it comes to boats. So, before you settle on what type to pur- chase, it's critical to first determine how you are actually going to use the boat. "When I meet with a client, the first thing I try to determine is what they want to be able to do," said Andrew Jones, a broker with Marine Group. "That's the very first step in the process. Sometimes, people think they want a fishing boat, and all they end up doing is cruising and enjoying time with the family. Many times, if clients think they want a fishing boat, I will get them to go out on a char- ter fishing boat to see what that entails and see if they like it or not before they make such a big investment." In addition to determining the purpose of the boat, potential buyers must also think about size—especially if they want to travel beyond just the gulf coast area—and space. "Figuring out how many people the boat will need to accommodate is another big factor in determin- ing what type of boat to buy," Jones said. "If it's fishing with the family or cruising with the family, that could look very different size-wise in comparison to just a husband and wife with- out children. Buying a boat that's too small for the family is a mistake that happens quite frequently. Many buyers think they won't have many people on board, but then they do. You'll be much happier in the long run if you make sure up front that the boat fits your needs." There are a couple of options available ‰

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