Why Investing in Metal Garages is a Financially Sound Choice for Property Owners?

Steel Garages

Invest in steel garages

When it comes to parking and protecting your cars, there is no better choice than metal garages. Along with being an aesthetically pleasing option, they are also an economically sound investment. Built with reusable and durable components, a prefab metal garage offers a range of financial advantages, which makes them perfect for commercial, residential, as well as residential applications.

Offering a practical and reliable solution to all your parking and storage needs, steel garages are a perfect investment for anyone looking to enhance functionality as well as seek protection from a range of elements.

Maximizing Value: Why Choose Metal Garages?

1. Low Ownership Cost

One of the major reasons why you should invest in metal garages is because of their affordability. Compared to wooden or brick structures, their overall costs are significantly low. With a wide range of factors involved, these structures always provide value for the money you spend. Let’s dive in:

  • Initial costs: Metal structures can cost from $15 to $40 per square foot, depending on the complexity of design, location, global steel prices, and customizations integrated. Financing metal building structures does not drain your bank like traditional materials.
  • Maintenance costs: As they are easy to clean and non-porous in nature, metal buildings do not let dirt or grim seep into the structure. Moreover, these garages are resilient and resist pest infestations, fires, weather conditions, and rust and corrosion, leading to less frequent repairs and replacements. This is why the maintenance cost of metal garages is minimal, unlike wooden ones.
  • Construction and transportation costs: Metal garages are prefab in nature, which means they are constructed in factories and assembled on-site. This leads to lower transportation and labor costs.
  • Material costs: As the components are precisely designed and cut to meet the exact size and dimensions needed to fit together, the material costs are also reduced.
  • Site preparation costs: Due to the lightweight nature of steel, the cost of site preparation is also significantly less than that for traditional structures.

2. High Return on Investment

A well-installed certified metal garage, built keeping the local environmental conditions in mind, can offer a high return on investment as it enhances your property’s value as well as its curb appeal. These structures are known to offer an ROI of up to 85 percent.

  • Curb appeal: A well-designed garage can be customized to incorporate fancy lighting, accents, landscaping, gable ends, structural trims, and cupolas in order to enhance the curb appeal of the structure.
  • Property value: Depending on the size of the structure, your steel garages can enhance the value of your property by up to 13 percent.

3. Insurance and Tax Benefits

Other than reduced installation costs and enhanced resale value, metal garages have higher strength and structural stability than other structures. Also, with fire-resistant retardants, you can further enhance their ability to withstand building fires. This leads to lowered insurance costs, with insurance companies offering 30 percent or more on premiums.

It is also easy for steel garages to get LEED certificates. If your metal roof is Energy Star certified, you are eligible for tax credits. If you save up to 30 percent of your energy, you are likely to get a tax credit of up to $3,200 every year.

4. Better Energy Efficiency

Financing garage structures in the long run can also significantly reduce if you decide to incorporate energy-efficient techniques, such as:

  • Insulation: Installing high R-value insulation, you can preserve heat transfer in your garage. This will maintain a comfortable temperature throughout the year, keeping your garage warm in winter and cool in summer.
  • Ventilation: Opt for natural vents like cupolas, ridge vents, windows, and skylights and strategically place them across the garage in order to ensure a dry and well-ventilated space. Along with that, proper ventilation will also save significant HVAC equipment costs.
  • Solar panels: The high strength of steel allows it to support the integration of solar panels while maintaining the integrity of the structure. Solar panels can help you in cutting down on costs by utilizing the generated energy to power the garage and your home!
  • Rainwater collection tanks: To save water, you can set up a fully functional gutter and downspout system and integrate it with water collection tanks.

5. Protects Vehicles

Your vehicles and stored items are precious and a hefty investment. In order to park your cars efficiently and keep your valuables protected, you need to invest in a structure that can offer such durability. Enter — metal garages!

These structures offer long-term protection to your vehicles from incessant rainfall, heavy snowfall, scorching sun, high humidity, and hail storms. Moreover, you can rest assured that your vehicles are unlikely to catch rust or be infested by termites within steel garages.

Lasting for up to 50 years with proper maintenance, 12-gauge frames, 24-gauge panels, vertical roofs, and certification can ensure that you have built a structure that can withstand wind speeds of up to 180 miles per hour and snow loads of up to 80 lbs per square foot.

6. Higher Space Efficiency

Steel is lightweight, featuring thinner beams and posts than wood. Hence, these structures take up less space due to small footing needs, allowing you to utilize more space for better functionality.

Other than that, metal garages can be clear span irrespective of their dimensions, which makes them perfect for tailoring the layout to your needs and requirements and providing you with more space. On the other hand, only smaller wooden structures can be clear span in nature, consuming more space.

7. Easy to Expand and Multipurpose

Another benefit that makes metal garages a financially viable choice is their easy expansion mechanism. These structures can easily be expanded by integrating lean-tos or repurposing and adding extra bays and extensions without much modification. The expansion of these structures will cost less than that of brick-and-mortar buildings.

Moreover, as steel garages can be customized and tailored effectively, these structures offer high flexibility and can be used for multiple purposes. This allows you to carry out various activities under a single roof, reducing the need for different structures.

Cost of Owning a Metal Garage vs Outdoor Parking:

To get a better understanding of how metal garage financing is significantly lower than paying for outdoor parking over the long term, here is a detailed breakup.

For a two-car garage, the construction cost can range from $2,500 to $12,000, depending on customizations integrated and the foundations set up. With an annual maintenance of $200 to $500, the total cost incurred over 25 years can be $7,500–$24,500.

The monthly parking cost for two cars across the US ranges from $200 to $1,000 per month. Leading to an annual cost of $2,400 to $12,000. Hence, the cost over a period of 25 years will be $60,000 to $300,000.

With this price break up, it is certainly clear how investing in metal garages is a monetarily beneficial and long-term solution.

Price Breakdown of Metal Garage Construction:

When investing in a prefab metal garage, it is critical to know which step of the construction process is likely to consume what percentage of your total budget. This will not just help you in setting up a realistic budget but also allow you to keep a check on each component.

There are numerous factors that affect the overall cost of your garage, such as the size, location of installation, foundation, customizations, and more. In essence, the percentage breakdown of the overall price is:

Cost ComponentPercentage Breakdown
Labor20 percent
Material50 percent
Design10 percent
Permit5 percent
Foundation15 percent

The Long-Term Value of Metal Garages:

As property owners, you always strive to make investments that offer lasting benefits. Financing metal building structures is a cost-effective solution that safeguards your personal items and vehicles while meeting your evolving needs. The unmatched flexibility of a metal garage allows you to easily expand and customize them. By choosing these structures over traditional buildings, you reduce long-term expenses and hassle.

About Aditi Singh 374 Articles
Aditi Singh is an independent content creator and money finance advisor for 5 years. She is recently added with Investment Pedia. Internet users are always welcome to put comments on her contributions.

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