How Leasing Modular Buildings Can Benefit Charter Schools
Main Benefits of Leasing
Although they are “temporary” buildings, modular buildings are made with quality materials, and therefore built for longevity. There are 5 main benefits of leasing that really sets it apart from other types of construction or ownership responsibility.
- NO Ownership Hassles
Many schools and organizations do not want to own temporary buildings, for operational and financial reasons. Leasing gives schools access to the space they need without the requirement of ownership. Modular buildings are installed when you need them, and then picked up when you are finished. It’s that easy!
- No Borrowing
Leasing allows you to pay for the use of a temporary modular building without having to finance it through a lending institution. No borrowing means a faster timeline for you to get the space you need. Lease payments are lower than a financed purchase and your borrowing capacity is not impacted.
- No Major Repairs
Leasing a modular building typically means you are only liable for repair of damages, while wear and tear items are covered by the building dealer. Most often, big ticket items such as HVAC systems, roof, and building structure are not your responsibility. This gives you a peace of mind knowing that you won’t have to worry about any unexpected major repair costs.
- Eco Friendly
Leased buildings are able to be re-used multiple times throughout their life cycle. When your charter school is finished with the temporary modular building, it can be refreshed, re-purposed, and leased again by another organization.
- Cost Effective
There is no initial depreciation impact when you lease a brand new building.
Sometimes it makes perfect sense to construct a permanent building structure, depending on the needs of the client. However, when charter schools are concerned with funding and looking for the smartest ways to budget- leasing becomes the ideal candidate. Charter schools are growing at an increasing rate, and choosing to lease classroom space rather than renting from a conventional building will give your school the flexibility it needs to expand facilities over time.
If you would like more information on Modular Classrooms for Charter Schools, please visit us online or call us today! (877)966-7839
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.