Many American businesses choose to house their operations within a commercial building space, including manufacturing enterprises, professional services, retail storefronts, office buildings, and more. Looking at launching a new business or expanding your existing company? Then you’ll have to answer the question of whether it’s better to rent space, or to purchase your own commercial buildings. It’s certainly not a decision to take lightly, as whatever you decide will have a significant impact on both you and your business ventureThere are many pros and cons to weigh before making a final verdict. Here are a few things to keep in mind when making what will be the best decision for you and your organization.
Factors to Consider When It Comes to Buying vs. Renting Building Space
Making a facility investment decision for your business isn’t something to take lightly. That being the case, it would be prudent to factor the following into your final decision.
Cost
Will it be cheaper to rent, or to purchase your own building? As with many investment decisions, the answer comes down to the particulars of your business. Renting can save you on upfront costs, and can save you on potential building maintenance costs over time. But deciding to purchase a building you can install on your own property can pay greater dividends over time. You can avoid any future rent hikes by financing your new building with a fixed-rate loan. And once your loan is paid off, you’ll be able to avoid monthly payments altogether!
Location
Location is one of those things that can make or break your business, especially if it’s a brick-and-mortar location that relies on foot traffic. Renting space could potentially get you up and running faster, if there are even any good rental possibilities available in your target location zone. But for a better, more dependable long-term solution, it would be much more strategic for you to simply purchase property in the location you want and have your own custom commercial metal buildings installed.
Flexibility & Autonomy
One advantage of being a renter is that you aren’t responsible for building maintenance. However, whenever there is a needed renovation or repair, many landlords are known to drag their feet. In other words, you’re at the mercy of your landlord, and you may find yourself trying to operate your business in a facility that’s simply inadequate for meeting your ongoing needs.
But if you choose to become a commercial building owner, you’ll have the freedom to make those decisions for yourself. This means having greater peace of mind, and possessing the flexibility to make whatever calls or adjustments you feel are best for the good of your business facility.
Building Equity
While in some ways renting space may seem like an easy solution, it doesn’t generate any long-term value for you. Instead of making rental payments, you could make similar payments on a building loan that will actually build equity for you over time. In addition, you’ll qualify for more tax deductions as a building owner, including the ability to write off building depreciation, maintenance, and loan interest payments.
Commercial Steel Buildings Are a Smart Investment
Metal buildings have become very popular building solutions for all sorts of business applications, including retail, wholesale, manufacturing and production, office space, and much more. You probably already know that prefab metal buildings make perfect carports, garages, RV covers, storage sheds, and barns. But that’s really just the tip of the iceberg. With the right metal building provider like Metal Barn Central, there’s honestly no limit to what you can do with a commercial metal building.
Gone are the days when metal buildings were limited to crude, boxy designs and boring looks. Commercial steel structures can now be customized in all sorts of ways, both inside and out. And thanks to the strength-to-weight ratio of steel tube framing, there really aren’t any size limits when it comes to getting the clear-span structure you need. And not only do you get to decide the building dimensions, but you also can customize your doors, windows, other points of entry, metal roofing, siding, trim colors, and so much more. Here’s another decided advantage of choosing a metal structure, too. The manufacturing and installation process goes much faster than with a comparable post frame or stick-built construction. If you want and need your building sooner, there’s no better way to fast-track your business facility project than with steel construction.
A Short List of Businesses That Can Benefit from a Commercial Metal Building Solution
Here are just a few types of businesses that can make a commercial metal building their home base of operations:
- Antique shops, collectors, & pawn shops
- Auto service centers, oil change & tire shops, and paint & collision centers
- Bakeries & donut shops
- Bistros
- Bookstores
- Boutiques
- Breweries & taprooms
- Clothing retailers
- Coffee & pastry shops
- Consignment stores
- Delicatessens & sandwich shops
- Dry cleaners
- Farmers’ markets & local grocery sellers
- Fast food & quick service restaurants
- Fitness centers & gyms
- Hair salons & barber shops
- Jewelers
- Manufacturing
- Mattress stores
- Manicures, pedicures, & nail salons
- Mobile phone sales & repairs
- Mom-and-pop stores
- Old-school arcades
- Outlet stores
- Pet store & pet supplies
- Production
- Shoes & footwear
- Souvenirs & gift shops
- Wine-tasting rooms
Commercial Metal Building Prices
What about commercial metal building costs? It’s certainly a fair question, since building price is a primary concern for any business owner. But even with rising construction costs in recent years, steel tubing structures remain very cost-effective building solutions. They can be significantly cheaper to build per square foot, and the larger your building, the more you can save by choosing steel! Your specific commercial metal building price will depend on key factors like building dimensions, chosen customizations, and installation location.
Go with the Pros at Metal Barn Central for Your Commercial Metal Building Needs
If you’re ready to invest in a facility that will provide long-term investment value for your business, Metal Barn Central can provide you with custom-engineered, made-to-order steel buildings to meet any width, length, and height needs. If it’s a custom steel structure you need, you’ll be able to get it from Metal Barn Central! We provide custom metal buildings for all applications, and we deliver the best customer experience too. Plus, we offer the BEST financing plans around, so we can help you afford the metal building solution you really need.
You can connect with us online, or for a faster response, simply give us a call at (980) 365-8481 and speak with one of our friendly building experts today!
