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Should I buy or rent a modular building?

The first step in choosing modular building construction is now out of the way. However, there are many more decisions...

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The first step in choosing modular building construction is now out of the way. However, there are many more decisions before the project can be handed over to the professionals.

 

Should I Hire or Buy a Modular Building?

When you choose to opt for the modular building style of construction, you need to decide what is best for your project and whether you hire a modular building or buy one. Thankfully, if you choose to hire your modular construction, there is always the option to purchase during your lease. Hiring is an excellent option for projects which have an end time, and thankfully, many leases are flexible to extend the length of a lease.

 

How do I determine my requirements?

As modular buildings grow in desirability, more companies choose this quick and cost-effective construction method. Here are some questions to consider when designing and visualising the size and look of your modular building.

 

Why do I want a modular building? – Are you looking for a temporary or permanent workshop? Perhaps you are looking to expand your storage area due to increased business.

 

How long do I need this space? – If you only need the space for a few months, with a clear deadline or end in place, hiring could be a great option. On the other hand, if you can see a steady increase in business and the need to expand becoming ever prevalent, then a more permanent option may be best for you. Alternatively, you could be concerned about seasonal success, in which hiring to buy could also be an option.

 

Why should I rent a modular building?

Hiring a modular building is more popular than buying the structure outright and is a good option if you do not know how long you will need this expansion or if you have short term needs. Many common reasons to rent are:

  • A response to peak seasonal activity
  • A place to work whilst carrying out a refurbishment on main buildings
  • Safe storage of product
  • A temporary office or sales area

Hiring a modular building allows you to control your expenses and investments in line with changes to your circumstances. Portable Building Sales support you throughout your project development. Our team of experts can analyse your needs and provide the best options.

 

Should I buy a modular building?

Long term projects could benefit from purchasing a modular building for a long term solution or permanent expansion. Modular buildings can blend seamlessly with older, more traditional structures, making them an excellent option for cost-effective development. Many common reasons to buy are:

  • New production or packaging lines to facilitate greater demand
  • More space after company growth and success
  • A safe place to store products or backlog

Whilst renting may be more popular, buying outright can be more profitable in the long run. This is because a new modular building makes it easier to add value to your business whilst being less expensive than a brick-and-mortar building.

If you have any questions about buying or renting a modular building, we recommend contacting us at 01482 656590 or email contact@portablebuildingsales.co.uk