10 Reasons Why Used Modular Buildings Are a Good Investment
When considering a modular building for your expansion space project, you may be asking yourself if a used building is worth the investment. Is it better to lease or purchase a new building? Are there any issues or concerns with obtaining a priorly used building?
In this blog, we’ll cover our reasons for why you should think twice about that used modular building, and how it may be a better decision for your specific needs, budget, and time than you think.
1. Labor and Supply Shortages
Throughout the world, labor and supply shortages have posed as an issue for almost every industry. With the price of inflation, the lingering effects of the COVID-19 pandemic, among other economic factors, time delays have been a hindrance everywhere.
In fact, many home builders cannot find basic materials they need to complete their backlog of construction projects. And in 2021, more than 90% of builders reported delays and materials shortages, according to the NAHB (National Association of Homebuilders).
If you are in a time constraint, and do not want to take the chance of a delayed construction timeline, then why not consider a used modular building? It can cut your time to occupancy by up to 50%, and will help to save you money as well.
Used modular buildings offer everything from small portable toilet trailers, to large classroom and office complexes; providing you with a plethora of options for any industry- whether you are a business, school, healthcare provider, or other organization.
Many industries have used classroom buildings for their training facilities, such as fire houses or other emergency response centers. And temporary offices can be used by anyone- whether you’re a car dealership that needs extra office space, or a remote construction site that needs temporary swing space. With a used modular building, you can be versatile and creative with the way in which you use your building.
We already mentioned the time savings that you can achieve with a used building, but there are savings beyond speed. With a used modular building, you will save a significant amount of capital that you would otherwise spend for a new construction project.
When you buy new, you pay a premium. And once you take possession of the item it becomes used, commanding less market value. This is very similar to the idea of a car losing its value as soon as you drive it off the lot. A used modular building is very similar. There’s nothing wrong with it, it’s just second-hand!
4. Lease and Purchase Options
With a used modular building, you can choose an affordable short-term lease option, or can purchase the building outright. There are few other construction options that provide you with this kind of affordability and flexibility.
For more information on the details of leasing, purchasing, or financing, visit our website. You'll find everything you need to know about the benefits of lower upfront costs, lower payments, and more.
5. Know What You're Getting
Unlike a new building, you know exactly what you’re getting before it arrives. You can feel confident in knowing the quality of the building you are receiving before signing a contract. Used buildings can be viewed and selected prior to entering into any contractual commitment.
6. Leverage Your Savings
Since you’ll be saving a significant amount of money on your used building, this gives you the leverage to purchase other items that you would have otherwise maybe compromised on. Whether that is new office furniture, security systems, or updated appliances, you’ll have more money left over than you would have otherwise.
7. Used Buildings Will Last
With most modular buildings, they should have an average lifetime of about 30 years. That is, considering it is taken care of and maintained properly over its life. When a modular unit is returned to us, we make sure to refurbish it with new materials where necessary and do a thorough check on the overall quality and health of the building. When you choose a used building, you can feel confident in the quality of the product you’re receiving.
8. Perfect for Overcrowding Concerns
When a school or business is overcrowded, sometimes you just need a little extra space to continue operating. Why spend the time, money, and manpower to create a large construction project when you could bring in a used building to solve your space concerns.
It’s important to note that not all used buildings are comprised of just single-wides and double-wides. Many of our modular buildings can be turned into complexes, reaching tens of thousands of square feet.
Your options for a used building include but are not limited to:
- Administrative offices
- Medical clinics or urgent cares
- Sales offices
- Waiting Rooms
- Training Facilities
Used modular buildings are used by many industries, including education, government, construction, healthcare, and many other commercial entities. With a rapidly changing business, and demands for decisive decision-making, you can bypass so many factors and hurdles by choosing a used building.
9. Environmentally Friendly
Now more than ever, it is important to be conscientious of our part in protecting the environment. When choosing used modular construction, you are perhaps choosing one of the greenest options that exist today.
By having the ability to repurpose and reuse materials that already exist, you are helping to conserve the environment in your own small way. Not only are less materials being wasted with new construction, but there is less pollution emitted into the atmosphere. Organizations around the country are making a bold statement when they commit to preserving and protecting our surroundings.
10. Tear Down and Relocation
If you decide to lease your used modular building, then at the end of your lease term you have the option to give the building back. Your modular building supplier will come and tear down your building and relocate it for the next potential customer. What could be more convenient than that?
If you are considering a used building, or still on the fence about it, then please feel free to reach out to one of our knowledgeable representatives. They will help you to choose the right building for your specific needs, timeline, and financial situation. The wonderful thing about modular construction is that there is so much flexibility and customization available to our customers. We are here to help you, and educate you during your exciting building project. Contact us today!
BOXX Modular has offices located throughout the United States. To speak with one of our experienced consultants, simply dial (877) 966-7839 to connect with our nearest office!
Ready to solve your space needs?
Modular buildings are the way to go. Request a quote or contact us today to get the conversation started. We’d love to talk to you about how modular can meet — and exceed — your needs.