From The MSM Archives: Making Room for Profit: Facility Expansion By Jim Ellis

Posted by MiniCo on May 20, 2013 12:00:00 AM

From The MSM Archives: Making Room for Profit: Facility Expansion By Jim Ellis

There’s an old saying: Good things come to those who wait. If you’ve been waiting for the right time to expand your existing self-storage facility, your wait is over. With prices at their lowest in years, now is the perfect time to take the next step in growing your self-storage business with a metal building.

Experienced industry professionals know that metal buildings can be the perfect solution for self-storage developers. More affordable than traditional construction, metal buildings offer the pricing needed to make an expansion economically feasible. With less money required upfront, owners can realize a better return on their investment and a quicker path toward success.

The Price Is Right Steel prices are currently at historic lows. Traditionally, automobile manufacturers have been the largest purchasers of steel in the U.S., but the economic downturn has caused many American car companies to slow their production and reduce the amount of steel they need to buy each month. This drop in demand has resulted in lower overall steel prices for all buyers, including self-storage developers. In fact, prices are significantly lower than they were just a few years ago.

If you were priced out of an expansion in the past, now is an excellent time to call for a new bid on your construction project. Prices are at low levels not seen since 2006. Today’s metal buildings cost an average of 30 to 50 percent less than traditional wood construction, which gives self-storage professionals an easy way to maximize every development dollar.

In addition to the lower price of steel, the manufacturing process can help contain costs for metal buildings. Using pre-engineered metal building components, metal building manufacturers are able to assemble each section of your expansion project assembly line-style. With the factory protecting the building from the elements, the process is much more efficient than traditional building, which is often subject to logistics issues and weather delays. The indoor, assembly line process provides for much greater consistency and control.

Costs can be further contained by choosing a metal building professional who is also a manufacturer. This eliminates the middle man and helps ensure you are always getting the best bottom line price. Packages are also a good way to maximize your dollars. Look for self-storage kits that are bundled with all the components necessary to build a successful self-storage expansion.

Although less expensive than brick and mortar buildings, developers who choose metal self-storage buildings don’t have to sacrifice quality for cost savings. Today’s metal self-storage buildings are built to the highest standards. Engineered to last a lifetime, steel buildings are durable, strong, and secure.

While ongoing maintenance can be an issue with wood construction, metal buildings are virtually maintenance free. They require almost no upkeep and are weather and rust resistant—a perfect solution for a self-storage business in any climate.

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