Published at Thursday, June 07th 2018. by beky audrey 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.
Let`s look at the numbers on this ship. 100% of the acquisition cost would have been $500000. 1% thus = $5000. One hundred buyers could own one percent each. There are 120 cabins so each co-owner could have a private cabin with 20 cabins left over. However these cabins are a bit on the small side. Every cabin does have a bath and shower but the size is just too small to be comfortable for most people especially if the owners intend to live onboard full time. On a ship this size I would recommend that there be no more than 60 joint owners so each can have two cabins and will have the option of converting those two cabins into a two room suite. To keep the numbers simple lets say that this ship has 50 buyers who each buy 2% of the ship. Buy in cost per owner would then be $10000. If there were only ten buyers then the acquisition cost per buyer would be $50000. $50000 will not buy much of a house on land but on this ship it would buy 10% of a ship like the Vergina Sky and twelve cabins that could be converted into a fairly large home.
Some cruise cabins have VCRs or DVD players and some televisions also have radio/music channels. The cabins also usually have a night table reading lamps and a chair. Most modern cruise ships come with a hairdryer so you won`t have to bring one from home. Some standard staterooms feature personal safes table desk with chair convertible loveseat mini-refrigerator and even Internet access although it is often much more costly than in the common Internet lounge. The cruise line brochure or Web site usually specifies what amenities are in each cabin.
Unlike fractional ownership of aircraft and houseboats fractional owners of a cruise ship can all use the ship simultaneously. There is plenty of room for you and the other owners to live on the ship any time you want or all the time. You can use it as a full-time residence and so can the other co-owners.
I do know something about what I am writing about here. I am the former President of Adventure Spa Cruise. My advice is not just uninformed ranting. Back to the point now the second best manning nation for a ship is India. I highly recommend India for the medical staff and the entire hotel staff including the spa and every other position except the deck and engineering. The labor costs in India are very attractive. I would also recommend using an Indian based manning agency. It is best if the ship`s owners do not have to deal with every employee issue or concern. The manning agency takes the pressure off the ship`s management and their service is very reasonable. Indian employees tend to make better employees than do Filipinos. Indians also speak English albeit not quite as well as Filipinos. I know Americans tend to get all worked up when someone uses a broad brush to paint an entire ethnicity. I love the people from the Philippines but as employees they tend to be more problematic than do Indian employees. I realize that this statement is politically incorrect and these days that might get me thrown in jail. I usually do not worry so much about being politically correct. I call it the way I see I and I let the cards fall where they may and hope I can stay out of jail for speaking my mind.
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