Published at Monday, May 14th 2018. by leonda avril in Cruise Ship Cabins.
For comparison purposes it is noteworthy that you have expenses in land based housing too. Those expenses include property taxes homeowners insurance maintenance and repairs yard care and utilities. Additionally you have transportation costs and of course food costs. Most people also spend money on entertainment too. When these expenses are added up the maintenance fees for living aboard a ship are comparable.
My wife and I were in a standard stateroom with a balcony (one of the Category B staterooms on the ship). Upon entering the stateroom we had two initial impressions. First of all the curved walls gave the room a very unique look (unlike typical cruise ship staterooms which are almost always rectangular with straight walls). The second thing we noticed is that the stateroom didn`t have a bathroom... well at least not in the traditional sense. You entered the stateroom through a door between a shower stall and a toilet stall (each with a heavily frosted enclosure). A curtain separated these areas from the main part of the stateroom which among other things included the bed a couch storage closets / cabinets and a sink. The advantage of having the sink outside of the toilet and shower area is that one occupant can use the sink while another is using the shower or toilet (a convenience that you don`t often find in traditional cruise ship staterooms). In addition the unique design of the stateroom provided much more storage space than is typically found in a conventional stateroom of similar dimensions. However despite that I found the stateroom to be very tight (particularly in the cabins that have the bed nearer to the entrance door than to the balcony door) and overall I must admit that I would have preferred a more conventionally designed stateroom configuration or one of the larger deluxe balcony (Category D) staterooms on the Epic).
SOLAS 2010 also offers a tremendous opportunity for those who may prefer to have a very large houseboat instead of a commercial ship. Ships that are not in compliance with SOLAS 2010 are now selling for a song (inexpensively). A cruise ship can easily be converted into a megayacht with the stroke of a pen. Privately owned yachts not in commercial service and not carrying passengers or cargo for hire are exempt from many of the SOLAS requirements. Operating costs are also lower for a private yacht. It cost less to register flag and insure a private yacht. Megayachts can be flagged and classified for unlimited service. That means that a megayacht can go practically anywhere you want it to go. There is one major drawback to registering a cruise ship as a private yacht. You cannot use the yacht commercially. This cuts off a potential revenue source.
The asking price for this ship is less than the price for one large apartment on The Magellan. The asking price and selling price are two different prices. This ship could probably be bought for about 11 million dollars. It would be foolish to finish this ship in a Greek union shipyard. It can be economically towed over to the nearby shipyards in Tuzla Turkey. The ship can be finished there quicker and for about half the price and with better craftsmanship. This ship could be bought and finished to a high standard equal to The Orphalese for a total cost of much less than 100 million dollars (maybe even as low as 60 million). It can be finished to order with each residential unit customized to suit its owner(s). The finished product would be a brand new completely modern ship with luxury homes onboard which would be at least as good or better than any on the market. That still seems like a big chunk of change. But this is a big ship and it would easily accommodate 200 luxury residential units and an additional 200 or so conventional cruise cabins like The Orphalese. The average cost of the residential units would be less than $500000. That would mean that the smaller residential units would cost much less than the average price. Also with an additional two hundred (plus) conventional cruise cabins the cabin owners could recoup much of the operating costs and thus virtually eliminate the maintenance fees for themselves. The expense to owners can be less than 10% of the going rates if the buyers did not need to pay some slick promoters and salesmen but just bought the ship directly themselves sharing the actual costs by dividing the ship ownership among the buyers. Why would anyone want to pay ten times as much money to buy and much higher maintenance fees for a similar shipboard residential unit? The only reason I can think of is to impress others with how much money they can afford to throw away. Again the asking price is subject to negotiation. Used ships can be refurbished to look practically new and can be brought up to international safety standards (SOLAS). There are shipyards around the world that can do good quality work at even lower cost than the shipyards in Tuzla Turkey. If a ship is currently lying in Greece (as many are) then Tuzla is the best place to tow it for major shipyard work. The SE shipyards in the Black Sea port of Nikolaev Ukraine offers the best value for the money in that part of the world. The bottom line is that smart shoppers can get good deals even on lavish purchases such as a luxury residential home aboard a cruise ship. I maintain a list of those who have expressed an interest. The list is confidential and will not be shared for any marketing purposes. The purpose of maintaining the list is to facilitate joint ownership directly between buyers without any middlemen or promoters involved.
It is a late model and beautiful ship. It has many highly desirable attributes for a residential ship. It is a high end luxury cruise ship with an extraordinarily high tonnage to passenger ratio. This is very important for a residential ship. More living room and more space per passenger is far more essential for a residential ship than for a conventional cruise ship. When passengers are only on a ship for a short time they can tolerate cramped living quarters but when they live year-round on a ship the extra space is quite valuable. The owners have been trying to sell this ship for $22000000. That may seem like a high price but when you divide it by the number of cabins (195) the asking price per cabin is $102564. This price is in line with what you would expect to pay for a condominium. The last word I got from the owners is that they will sell the ship for $18000000 now ($92307 per cabin). The cabins are all outside cabins and are large. The ship can accommodate 606 passengers and a crew of 120 for a total of 726 people.
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