Modular Building Buyer's Guide: Your Conception-to-Construction Guide to Modular Buildings
Why would I choose a modular building instead of a typically constructed one?
There are many benefits that make modular buildings preferential to typically constructed buildings. Some of the most notable benefits of modular buildings are:
-A significant reduction in cost. Modular buildings, on average, cost 8-12% less than a regularly constructed building of the same specifications. Who doesn’t like to save that kind of money?!
-A significant reduction in “construction” time. Modular buildings can be assembled and ready to use up to 50% faster than a traditionally constructed building. This happens because the majority of construction occurs off-site in a closely supervised and regulated work-environment. There are also fewer delays due to weather, supplier issues and worker problems—the “middle-man” is essentially eliminated from the building process.
-Increased flexibility of location. Modular buildings can be relocated depending on your company’s changing needs, which is a great asset if you anticipate substantial growth or change in your company.
-Increased savings. Although it is more beneficial, tax-wise, to lease a modular building, there are other savings associated with buying modular offices as well. While traditional building costs are usually amortized over 35 years, the typical modular building can be recognized in 7-12 years instead. (Since each situation can be different, be sure to discuss your particulars with an accountant or other financial professional before making a decision.)
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