The greatest benefits of portable buildings are their relatively low cost and fast speed of installation, which saves time and meets the urgent need for housing. To have a good understanding of relocatable buildings, let us look at the top five questions about them and the answers to them:
How much does it cost to put up a portable building?
Several factors drive the cost of portable buildings for use as an office or any other use. The factors include:
- The type of structure
- The level of customization
- The complexity of the tailor-made building project
There are two options when it comes to acquiring temporary buildings: leasing and buying.
Cost to lease
To lease a standard temporary modular building, the monthly lease rates per square foot range from approximately $1 to $1.50 but can change due to demand and other factors. Your specific monthly lease rate will depend on the size of the building and length of the lease term.
Cost to purchase
The purchase price of standard temporary modular buildings is roughly $50-100 per square foot excluding delivery costs, site work, access systems, utility runs, and installation costs. These prices are just a frame of reference since each modular building has its own set of specifications that determines the price. Since each site and project is different, prices can vary a great deal.
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How long will it take to put up a relocatable building?
The time that is taken to put up each modular building varies, but it typically takes 8 to 20 weeks from start to completion. You can reduce the time taken to get a modular building by more than half by leasing or buying a used modular building.
The construction and installation are pretty fast, but the designing of custom buildings and obtaining permits can significantly reduce the pace of the process. Summer is also a busy season with more people installing temporary buildings, so you could have your schedule ruined if you choose to put it up in this season.
What is the useful lifespan of a portable building?
With proper care and maintenance, temporary modular buildings can have 20 to 30 years of useful life. The limit of the building’s usefulness is connected to the fact that they are put up, disassembled, and relocated to various locations during their life.
To lease or purchase a modular building?
Whether to lease or to purchase a temporary building depends on the needs and priorities of the organization concerned. An organization may choose to purchase a modular building if:
- It wants to utilize the building for a long period
- It wants a building with a custom design, features, and materials
- It wants the ownership and equity of a building instead of paying a lease periodically to use it.
- On the other hand, an organization or person may opt for a lease for the following reasons:
- They do not want to borrow money to get a building and a lease does not need a huge amount at once
- They need temporary use of a building with a defined end date
- They prefer low monthly payments to help control upfront capital expenditures
- They do not want to own the building
Leasing a modular building typically comes with charges for disassembling and removal of the building from your site at the end of the contract. Purchasing comes with a one year warranty.
Is it possible to customize modular buildings?
It is possible to have modular buildings made to the client’s exact specifications. Customization can be done on the layout, choice of material, mechanical components, and aesthetic features. For highly-customized modular buildings, clients have to purchase them rather than lease due to special features.
Portable buildings are a quick, convenient, and affordable solution for building needs. Those who need buildings can either buy or lease them and can even get customized ones. The best thing is that they have a relatively long life of 20 to 30 years.