Why purchase a used steel building when a new one is the same price?
Making the decision to purchase a piece of commercial real estate can be an exciting and nerve wracking experience. On one hand there is the possibility of financial reward, which is always a good thing. But on the other hand there is the need to put out an investment, which can bring anxiety.
However, even if you are not purchasing commercial real estate as an investment, but rather are simply looking for a place to house your car collection, your horses, or your family’s excess material goods, there can still be apprehension in your decision. If you are not well versed in construction or real estate, and you are looking to purchase a pre-existing building, then there is the anxiety produced from the inspections, the renovations you will have to do, and the various other things that come with purchasing a pre-existing building.
Purchasing an existing prefabricated steel building…
When you purchase an existing building, you are inheriting all of the issues that come with that building. As a result you may find yourself a few years down the road having to make costly renovations or changes to the building that you could not have foreseen in the beginning. For this reason a great many people in the United States are moving towards building their own commercial real estate rather then purchasing pre-owned buildings. In fact in 2017 new private sector commercial real estate construction topped $85 billion. Meaning that $85 billion worth of new commercial buildings were constructed in that year alone.
Yet deciding to construct a new building comes with its own set of anxieties. One of which is usually the fact that many people have no idea where to begin with this endeavor. In the past construction of a new steel building or a new metal building meant a tremendous amount of planning and a lot of engineering and construction know how. But with the advent of prefab metal buildings and metal building kits, this in no longer the case.
The Pro’s of Buying Prefab Metal Buildings
One of the main barriers to purchasing a new building for many people is the notion that they have to have a lot of experience with construction or architecture. They simply cannot imagine building a structure that they love, for a price that makes sense to them. Due to this they stay away from new construction and opt to purchase an existing building. However, when using metal building kits in order to construct prefab metal buildings, you do not need to have experience with building. Nor do you have to spend an inordinate amount of money to achieve your goals.
The latter aspect of prefab metal buildings and metal building kits is what truly draws most people to this sort of construction. They look at the price of constructing a new building with metal building kits compared to what it will cost them to purchase an existing building and they see that there is just no real comparison.
To put this into perspective, in order to purchase a 2400 sq. ft. existing warehouse building in Miami, Florida you can expect to spend around $400,000. This number can go up tremendously depending on locality within the city. But if you are looking to purchase prefab metal buildings you can expect to spend around $45,000 to $50,000 on the shell of the building. Yes, you will have to spend money on building out your structure and the land, but considering that the cost of an existing building is almost 10 times the amount of a new structure, you have a lot of wiggle room to work.
Really though the most important reason to purchase a new building rather than an existing one is because you will not be inheriting any issues that an existing building may have. You won’t have to worry about possibly having to change out the A/C in a few years. You won’t have to worry about the roof leaking. And you won’t have to worry about the structural integrity of your building. You will know exactly what you are purchasing and since everything is new, you will not have to worry much about spending money on upkeep.
Purchase Metal Building Kits Today
Our goal at Titan Steel Structures is to give you the easiest building solutions without compromising quality, so if you are in the interested in learning more about the benefits of a metal building kits or prefab metal buildings then give us a call today at 1-855-964-4030, or request a free quote online. Titan Steel Structures’ expert and knowledgeable staff are available Monday thru Friday from 9:00am to 6:00pm. We’re here to serve and guide you through the building selection process.