2 Some sailors circumnavigate the globe solo, but for most people boating is a social activity. Figure out how many people you’ll have onboard and how involved they want to be.

3 Scope out local waterways to see which activities and boats are the most popular in your area. Choppy conditions, for example, make water skiing less fun. Go to a local boating club for advice.

4 For new boats, go to shows or visit dealers. If it’s your first, a used boat is a good idea. They’re cheaper and have better resale value. Look for ads at marinas and in magazines. Have used boats inspected by a marine surveyor (marinesurvey.org) and visit nadaguides.com for free quotes.

5 Purchase price is only the beginning. Tally up slip fees, insurance, seasonal maintenance and safety gear. You may also have to pay for storage over the winter. Anchors away!