Steel structures are a good investment because of their strength and durability. From metal carports to barndominiums, steel has proven to be a great alternative to traditional building materials.
You can achieve your dream metal building through leasing or buying. For some people, leasing is ideal to avoid a large down payment. For others, buying may be the better choice. Each option has its own benefits and risks. In this article, we will help you pick the right option for you.
Leasing a Metal Building
When you lease a building, you’ll pay a monthly fixed rate throughout your lease contract. The main advantage of leasing is that it requires an affordable initial cash investment. Leasing helps reduce upfront costs and move-in expenses. This option requires less out-of-pocket cash than buying a metal building. It’s perfect for people who can’t afford to pay a big lump sum. Once the paperwork is all settled, you’ll be able to move in quickly.
Here are other benefits of leasing:
- Lower monthly occupancy costs
- Stable monthly costs
- Flexibility to choose other locations
- Tax benefits
However, being a tenant means you don’t own the steel structure. You will not benefit from property appreciation nor build any equity in the building. This also means you don’t have the liberty to expand or modify any parts of the property. Any improvements made by the tenant must be removed at the end of the lease term.
Another downside is leasing may cost more in the long run. When you add up the monthly payments, the total can be quite massive. It’s better to buy a metal building if you’re looking for a long-term solution.
Buying a Metal Building
A prefab steel building offers a wide range of benefits. It has improved durability, fire resistance, and various customization options. Metal buildings are also easier to construct, which means you’ll save on labor costs.
When you buy a metal building, it becomes a property that you can call your own. You can build it to your specifications and needs. While steel buildings come in cookie-cutter designs, you can still choose your preferred size and features. If your home or business needs to undergo future expansion, you can easily expand your metal building. Hassle-free expansion is another benefit of buying a steel building. You can enlarge the structure by adding frames at the end walls. Its other advantages include:
- Clear Span Capabilities
- Low Construction Costs
- Energy Savings
- Reduced Fire Risk
- Environmentally Friendly
- Reduced Waste Materials
- Unlimited Design Options
- 100% Recyclable
Aside from expansion and customization, metal buildings are versatile. Below is a list of structures that can be built using metal:
- Commercial and Industrial Buildings
- Barns and Agricultural Structures
- Livestock Shelters
- Home Storage
- Offices and Recreational Buildings
- Workshops and Man Caves
Compared to leasing, there’s no need to send your monthly payments to the owner. You just need to pay upfront and reap the benefits of your prefab building. This can last for generations, which is a worthy investment option.
Another advantage of buying a metal building is its reduced maintenance costs. Pre-engineered steel structures can withstand harsh elements with very minimal upkeep and repairs. Unlike wood, metal buildings are resistant to pests, rust, and weathering.
In case of significant damage, the structure is likely covered in your warranty. Many steel building suppliers offer 30-year to 50-year warranty to cover the cost of repairs or replacements. There are different kinds of warranties like a structural, roof, and paint warranties. To learn more about manufacturer warranty, consult with a reliable metal building company.
With all of the benefits of owning a metal building, this might be the best option for you. Texas Custom Metal Buildings of Midland is ready to impress you with innovative prefab structures. With years of experience, we are knowledgeable in installing different types of metal buildings, like garages, carports, and steel barns. We’ll provide you with a steel structure that’s worth every penny.
Our metal buildings can be customized and pre-engineered to meet your specific needs. You can count on us from the initial design to installation. We are always ready to guide you throughout all phases of the project.
If you have any questions or concerns, don’t hesitate to reach out to us. Let’s start a conversation on your project today!