HOW TO BUILD A NEW SUPERYACHT! THE SIMPLE STEPS TO TAKE!!!

It is the dream of many to own a Superyacht, but what steps do you need to take to order a new superyacht? I met with one of the world's leading experts to discuss the simple steps that need to be taken.
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[@grondhero]

When having a yacht built, do owners ever come in with pictures of other yachts and say "I like this [design/feature]?" or "Make sure this isn't put in there?" I can point out several yachts that I like different things about, but I would have next to no idea how to describe them. Sort of the "I can't tell you what I like, but I know it when I see it."

[@ronsamson537]

So here's my question. Clearly the best thing to do is to contact a good quality broker. But how do you determine which brokers are good if you are not already part of the industry or connected to the industry?

[@davidignacio3009]

Actually, that's a very good question.

[@Leosarebetter]

Brokers are connected to a builder or builders of their choice, ie those that pay the broker well. Albiet they try and give the owner their best service, but dont be fooled. Check out the bars and social gatherings, broker/builder are in each others pockets.

[@MrRebar15]

*Yachts For Sale* Bravo, thank-you sir for taking the time to explain this to us. God Bless.

[@newwave233]

Can’t wait to do this process with you Dave

[@lorithompson9523]

Thank you so much for answering my question. I'm loving these videos

[@howardpearson5259]

Great information to know. Thank you for the video.

[@steves.922]

Excellent David. Thank you!

[@mike.c6788]

Hi David, Thank you for another great informative show for us all.

[@frankv4271]

Very informative and interesting video, I enjoyed it a lot. Thank you David!

[@Yachtsforsaleblog]

Thanks for watching.

[@chrish2996]

Hi David. A good insight into building a yacht and all the different people involved. The Q&A was a bonus. Great video thanks 😊

[@bubaks2]

This was great. A lot of insight into the process.

[@sneakyninjassn9948]

Love your videos I have many questions but will wait until I have the money in my hot little hands, I have been researching for a few years now but you always seem to answer my thoughts on the next video you bring out :)

[@glenpeters955]

Great video David I am finding this series of videos fascinating - and more than a little informative...

[@JyttesTrailCamera]

Thank you, David, that was interesting. But... I was waiting for the 'designer part' of the build process. When you say 'let the yard make a proposal based on their own platform', then you're basically talking about a semi custom yacht, right? Also, 'the day to day should be a matter for the manager and broker, the owner shouldn't be involved'... well, that may fit for some owners, but there would definitely be owners that would very much like to be involved in the details along the way (even if only as an observer), at least I know I would. Just wondering?

[@norarivkis2513]

I wondered about the designer too. When I spoke to a shipyard about the boat I'm hoping to build, they had a list of good potential designers they work with regularly, and pointed me at those in addition to telling me that I could bring in any other designer I wanted, if I didn't like the ones they recommended. They told me, "Go talk to the designers and choose the one you like. Then you and the designer get back in touch with us when you have a basic design plan, and we'll be glad to work with you on building the project."

[@lionelgower6877]

If the designing of the yacht is going to be more than just cosmetic or semi custom yacht hull already established, then a naval architecture will need to be involved, which the design houses will most likely also have a wide range of contacts that they work with or you can source your own.

[@oiqbal6807]

Hi David, what a fantastic video you presented. It's very useful information. I always enjoy watching your videos. Cheers.

[@lionelgower6877]

Really informative and very helpful for the future building of the next yacht.

[@TheOUboy]

Very informative thanks for sharing

[@mapuc]

That would be a dream to place an order on a custom made superyacht and not worry about the cost.

[@rasheedahmed9323]

Good explanation ❤

[@fazzaz31]

David, you sir are doing a bang up job of making the yacht brokerage world so much more transparent, thus enabling a more knowledgeable clientele. Hats off and bravo! A question; what anount of time would you estimate for the average purchase of a brokered, turnkey and ready to sail yacht (barring necessary delays to bring the yacht into ready-to-sail condition), from initial contact with a broker to actual handover? And perhaps a word or two on time delays to allow for flagging in some other country than the original (as purchased) flag?

[@panpiper]

23:09 It is truely amazing how few people understand this fundamental truth. It holds for ALL things, all services, not just the sale of yachts.

[@privatesecurityafrica4129]

Love it.... :)

[@tacul9333]

When hiring a broker to represent you on a new build, when does the broker get paid? When the contract is signed? When the individual build progress payments are made? When the product is finally delivered?

[@clifbradley]

Broker is always paid when the yacht has been delivered and is in a separate payment. Once you or your management company take delivery, you are given an invoice that you have so many days to paid, or it's a bill that was already pre-determined how much it would cost and past a certain time frame that amount is put in escrow. So once contract is signed and delivered the buyer authorizes the release of that escrow payment.

[@clifbradley]

Denison always touts that they have '1 build slot for a 37m' available and make it sound like it's proprietary to just their clients. But isn't it more often the case that it's that the shipyard only has that buildslot available in that size range and it's first come first serve, or are brokerages assigned build slots just like car dealers are assigned allotments for new vehicles. Case in point the C8 Corvette. Every dealership in the US was given only so many build slots and it was based on the number of Vettes they sold in the past and other factors. Some dealers got 60 and some got 4. Is it like that with yachts too where that yacht company gives build slots for it's most popular models or sizes to each brokerage firm it does business with or is it open to whoever places an order first?

[@Frederiktoday]

How much does it costs to have a broker and a project manger (as a % of the boat value)

[@gljay]

What are the pros and cons of the longer more narrow bow vs the standard flared out type?

[@frankv4271]

First to View, Like and Comment

[@adeckers1]

Interesting video. How long does the process typically take from idea/1st contact with broker to contract signature? Or maybe there's no "typical" in this particular business.

[@Bill_N_ATX]

The problem with basing the reenumeration for the buyers broker upon price of the object being purchased, be it a boat, airplane, home, or business, is that this disincentives the broker from getting the best price. If the commission is a shared 10% on a yacht, every 100,000 in additional price puts another 5,000 in that buyers broker’s pocket. In the real estate market this has led to buyers brokers who work on different schemes. Are their similar schemes in the yacht market?

[@michaelmeredith912]

I have no realistic chance of commissioning a super yacht but if I were I would be the type to have a favourite ship yard and that would be based on getting to know what the top ship builders have been building and pick the yard I consider the best and I would be looking for a new build that is loosely based on a previous design. Dealing with a broker first seems a bit odd to be honest. I’m not sure I understand this approach 🤔

[@colin.chaffers]

David, you talk about qualified buyers every vblog, what do you take into consideration? Do you ever have potential customers that you do not feel are qualified and if so how do you handle these situations?

[@thomasw5430]

Finally the video I have been interested in seeing the most. The steps for a one off yacht. One question I have is, if this is your first yacht, when do you involve the person who will be the captain and possibly engineer, of the yacht? I am sure these two people would love to have some input in the systems that would impact him the most. Another question is, how much changes when buying a production yacht- like Nordhavn, Fleming? Especially if the build has already started??

[@norarivkis2513]

How much time are you paying your captain for? When people bring the captain in early, that's because the captain is already on their payroll, and they have to keep shelling out for the captain's salary during the year plus of the build. If you're not prepared to pay an extra year of salary in order to have the captain's input, then you build it yourself and then hire. (Although the captain can do useful work for you, by representing you to the shipyard, tracking what's happening with the build and making sure it's actually what you wanted, etc.)

[@kristinedavid1747]

First of all thank you for yet another great video:) my question is somewhat loosely tied to it, but here it goes…. unlike others I do not believe in lottery wins, therefore slowly working my way towards a smaller production yacht sometime in the future, and up until now - maybe too naively- thought that in these cases one goes to the dealership and picks and chooses from the few variables the shipyard offers (like buying a very expensive car) …now the two of you have covertly spoken of shipyards as the ‘ones not to be fully trusted’ (maybe I am understanding your words a little too sensitively and will set off a storm of criticism with this opinion- hand on my heart, do not mean to be mean at all). So my question is, if having a broker is only advisable for individually built yachts, or when thinking of future warranty issues and the possible small print in the contract, could/should a broker be involved in the purchase process with production yachts as well, mostly to avoid any surprises in the future - considering that at that price that additional fee may be a make or break factor cost wise…but on the other hand this may be the single biggest purchase of most peoples lifes, so being careful cannot hurt…

[@norarivkis2513]

I've always read that everyone should have a buyer's broker, and that there's no cost to the buyer for them; they get paid by the seller. But that's mostly for buying existing yachts, not building new. (Which usually makes more sense if you're in the "working your way up to enough money" class like you and me.) Even if you have to pay your broker when you're doing a new build, though, it may work out like having an architect manage your new house build: they can help slice enough off the price by helping you figure out what you don't need, to offset their own price. Not always, but at least sometimes.

[@kristinedavid1747]

@@norarivkis2513 You’re right, seems to be the sensible thing to do, thank you for your reply:)

[@justin.s9783]

im wondering if a person has a yacht design like no other can it be patented/copyrighted ? if so do shipyards/ builders buy them ? and not just whole yacht designs but yacht features like a unique garage door , or a propulsion system ? good vid

[@maxnex7676]

An informative video, thank you. One question comes to mind, the yacht design has been decided, the builder has been decided upon, what about the design of the interior, fabrics, colours, electronics, when, where and how does this get pulled in to the equation? About your studio interviews, I'm hearing a shhhh at the end of the words like the high range is turned up (listen to your outside video recording and your studio recording and you can hear the difference). Again thank you for the informative video.

[@clifbradley]

Usually a shipyard will ask what type of cruising you plan to do and then will determine what electronics can go into that vessel. For instance, if you are cruising in parts of the med that are really crowded, you can be limited on the amount of power things like your radar puts out, simply because so many yachts operate in that area, it generates too much x-band or y-band, etc radiation in an area. If you are cruising to remote areas, you will want something that is not only capable of redundancy, but also isn't fickle or finicky. You may not be in an area where you have access to repair facilities so if something goes bad, you have a backup and then a backup for the backup. Climate plays a factor too, if you cruise to places that are hot, you don't want a system that needs constant cooling or produces lots of heat. 10 systems all running in a cabinet that generate a lot of heat in a pilothouse that is small or doesn't have good ventilation will make it unbearable or it can make it so humid that electronics get damaged. But usually your captain has a brand that they like and will request the ship have those systems in place. Most yacht owners have no idea about that stuff anyways so it's up to the captain. Soft goods is either a designer, or a rep from the in-house design team will ask you a series of questions about things you like and don't like. Give you a color pallette to choose from. Fabrics that you like or like the feel of. Keep in mind that you are on a boat so saltwater, water, and various cleaning agents all have to be factored in to place. Usually though most yacht owners will have a house they use all the time and will direct the yacht designer to use that house as the inspiration. If they are married, the spouse will handle this. If the owner has an Interior decorator, that's even better. Maybe you have a favorite brand of sports car you love and want that in there, hobbies, interests or themes play a part. Bedroom decor gets real personal. This is the one area that the design team actually will demand an in-person interview. If you are having a custom yacht built you will have dictated how it will look. If you can't show up in person: Usually the designers send you over a computer rendering and multiple choices are offered on everything like the mirrors, closet doors, floors, design of shelves. Then for things like sheets and towels, pillows etc. A chief stewardess orders that based on your preferences. Mattresses are supplied by the shipyard, but if you want a specific type of mattress, believe it or not, you have to specify that early. Weight is the biggest reason. Standard mattresses on yachts are basically all foam in varying densities. So if you want a Black Diamond Temepurpedic, you better tell them right away, plus most bed shapes aren't traditional square or rectangle shape and mattress size in the US is different than in other parts of the world. Same for your crew. There is a standard crew size mattress pad. You determine if you want your crew to have bigger than that and then that also effects how big the crews quarters will be. Most yacht builders give you an allowance on everything. If you want more expensive stuff, you pay the extra for it. But there will be a 'minimum standard' that the yard, either by reputation or because of design they determine they won't go any less than that standard. So if they price your plates at $17,000 a set, but you found a set at Target for 100 and you want that savings added to another area now, they'll either do it, or they'll tell you 'We are so amd so yachts sir, we will not put that cheap stuff on our boat'. And that goes for everything. Sorry it's a long answer but it's very in-depth.

[@maxnex7676]

@@clifbradley Thank you Clif, very informative and thank you for taking the time to answer.

[@norarivkis2513]

@@clifbradley Thanks, that's very helpful. I'm beginning to talk to designers about the boat I'm hoping to build, and while it's not on the superyacht level, I still want things like good mattresses, so that's going to matter to me. 😊

[@clifbradley]

@@norarivkis2513 As extensive as that is, that is the short answer believe it or not. There is a little more nuance to it all as you can imagine. My parents had yachts growing up and the design process was always something that my father always liked to pretend he didn't care about, but he was the pickiest person and they made him take time to go over everything. The only other advice I can offer is to sketch out what you want. They may not always be able to do it, but it at least gives them an idea of what you are thinking. Some companies like Oceanclass, they'll design the boat however you want. Trinity yachts too will do whatever you want. My parents had a friend and he loved Porsches. So the designers found 2 Porsche seats and had the tartan pattern placed on them and those became his helm chairs. Then his engine throttles were the shift knobs from a Porsche. They designed his rear overhang on the sundeck to resemble the duck back spoiler design from air-cooled Porsches. His boat had a lot of Porsche stuff everywhere. His wife loved Corvettes though, so the upper deck chairs were all done up like the red and white Corvette seats and they had the Corvette logo stitched in them. Marine grade leather still. Those types of touches are what makes a boat cool. The amount of YOU in them.

[@SethRBaron]

Great step by step video…. However, you missed a step…. HOW do you find a yacht broker, like N&J? Do you need a maritime lawyer at the beginning? How to vet the right broker to set the other steps in motion?

[@RobertJohnson-je6tx]

David, as always a very intelligent, informative and thought provoking video. I do have one question. When during the process is a captain chosen, especially if you are building a mega-yacht (ca 180 to 200 meters+)? Thank you and keep the videos coming. 😀👌

[@markuswunsch]

Wow, you are ambitious at 180m or more you are actually building the largest yacht in the world by LOA. Azzam, currently ranked number one by that criterium is "just" 179.7m Though good question as senior crew input can be good to have.

[@astormofwrenches5555]

Which shipyard could build that Migaloo submarine? Or could you convert a decommissioned submarine?

[@johngauntlett4915]

David, I've come to a decision. As soon as I win Powerball I will approach you to have you put under contract for my yacht build. Nothing exorbitantly big, just something around 130 ft that has the capability of fishing and sleeping about 10 people. Also would need an experienced crew with a chef to cook what we catch. I'm not asking for a lot but I hope my numbers come in! Afterwards, I'll have Nick do a walk through to put it on Aquaholics to see what the dream team is capable of.

[@grondhero]

Tsk, tsk! Having David do all that work and then let Nick get the views. :P If my numbers ever match, I'll be contacting David, too. Ha ha!

[@kokomo9764]

@@grondhero David would be my guy too. I would feel obligated to throw Nick a bone too. As well as Victoria at Nautistyles.

[@grondhero]

@@kokomo9764 Yes. If I were fortunate enough to either purchase a luxury yacht or have one built, I would try to find a way to let all three (four with Rico) to tour if they wanted. Maybe even take them out on a trip. :)

[@gerhardvanwaltsleben8944]

Lekker man lekker

[@MachineTeen]

Love watching your channel. Is there a time when a buyer comes to see the yatch beforehand? When the rooms have been physically inserted or when the skeleton of the yatched has been made. How about how many times do buyers come out to see the yacht as its being built, usually?

[@Yachtsforsaleblog]

Thanks for the question. I've just published my first ever "Short" to answer it!

[@gavinwilliams458]

Do owners usually involve a captain in the build or are the captains found when the yacht is launched?

[@lionelgower6877]

Certain previous yacht owners, who already have a good relationship with their own captain could very possibly get their captain involved. They have excellent knowledge of running the yacht, something that owners will not always fully be aware of in the yacht design. So its more likely that the captain will be involved with certain aspects of the build, more to do with function and not the form as much.

[@williamdrijver4141]

Quite expensive such a new build commission. An online lawsuit (B.Y.MONACO S.A.R.L vs FEADSHIP) states 5% over a new construction yacht costing 160 million euros. If I understand correctly an owner could save 8 million euros by not hiring such a broker / consultant?

[@Yachtsforsaleblog]

With very high dollar amounts like that there is usually a negotiation over the commission. Thanks for watching.

[@776281]

The builder would dearly love you to come in alone and stand on the X, then bend over. There are so very many technicalities it is almost inevitable that the stand alone purchaser will come off disappointed. 5%, money well spent.

[@gordonjohnston684]

Hello Dave, are cost over runs common when it come to building Super yachts?

[@wmvaux]

What about if the chosen builder is located in say Europe and you're located in Australia. Would you be expected to go to the builder to see progress and would you have to take ownership where the yacht is built or could the yacht be sent to the owner in Australia. Then on top of that, if there were issues would the yacht need to go back to the builder?

[@yvesproul7660]

J’adore regarder et écouter vos vidéos mais comme je ne suis pas complètement bilingue j’aimerais vous demander si cela est possible d’avoir une traduction. Merci d’avance 😊

[@martinhertog5357]

A superyacht is actually a private floating hotel with employees and guests. How would this be structured in a company or companies, you have the asset and you have costs like employees, maintenance, supplies etc. How can taxes be lowered to a minimum for the owner.

[@projectfreed0m]

What about the actual design? This element was not directly addressed. Only the brief on paper was mentioned. How do you select the designers/architects/engineers?

[@Unitedflyier]

David thank you for this video. I’m thinking I will order next year a solar electric catamaran. Semi custom. Do I need my own broker or just use the manufacturers dealer in the USA? This is my first yacht and hopefully it will have everything I need. I do need some help with options and getting a good deal.

[@norarivkis2513]

Pedigree does completely custom power catamarans, including solar electric. I'm talking to them about building one. They're about the same cost as the semi-customs.

[@Unitedflyier]

@@norarivkis2513 I looked on their site. Looks like they are all sailing cats. I was talking to Silent Yacht, but ended up not ordering. Now talking to Alva yachts. I like the design a lot more. Now we just need to talk about $$ and how much they will customize it. How much do people negotiate the price?

[@Frederiktoday]

When looking for a yacht broker, and we contact you, does N&J provides a list of brokers they trust?

[@Frederiktoday]

Ps, the video I was waiting for ! Congrats !

[@JohnGuzik]

How common is a owner's or buyer's rep. I used to be one but found I couldn't be as petty as required. Having said that, I don't think any owner would want to sit in on weekly construction meetings and talk about doorknobs.

[@MikiBrett]

Ok so the broker of that company charges 10% fee, but does that same fee apply to the project manager, and if not what fee do they charge on average fo a build lets say in germany?

[@misterindependent7994]

Semi submersible trimaran electric solar with diesel backup.

[@markofgodtx6]

There is one thing I have always wondered out. When and how does a boat get its name? And, can a boat be renamed by a new owner?

[@Yachtsforsaleblog]

Thanks for your question. I’ve just answered it in a Shorts video 😀

[@shananagans5]

How to get a superyacht. Step 1) Get a job. Step 2) Save $100 a month for 20,000 years. :)

[@M.R.C.R.]

Good VIdeo, I realy hope I can contract you for some business in the future, I am working on it to be able to make this move.

[@EnabledShooter]

I imagine, building a yacht without a broker would be like going to a criminal trial without a defense attorney. The result isn't going to be what you want.

[@darploin5071]

In lieu of the word mold I think they should use the word fleas

[@ThisIsGoogle]

Step 1 bring a eastern superpower to its knees

[@JohnGuzik]

How frequently do prospective owners get sat down and told--yeah, your design is absurd, no one will touch it?

[@larry-wells]

Can buy a yacht with crypto currency?

[@AirmanKolberg]

How to build a ship yourself: Step #1; get somebody else. 😂🤣 wow.

[@YourRoyalHighness]

This guy is sleezy.

[@howardpearson5259]

Great information to know, thank you for the video.

[@Yachtsforsaleblog]

Thanks for watching!