Temporary Buildings

To Buy or Hire?

That’s a question you probably don’t want to answer right now as you probably don’t know which? But that’s absolutely fine with us because uniquely we offer you the option to buy during your rental period. So you can begin by renting and if you then decide you do indeed want to purchase the building at any point in the future, you will know the purchase cost right at the beginning because we quote depreciated future purchase prices right at the beginning So you’re under no pressure at all to make a big capital decision before you have your building installed.

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Smart-Space Options

Hire or Buy Considerations

If you are considering introducing additional space for your company, you may wonder whether you should hire a temporary building or if buying one is the better option. Of the three different types of buildings we offer, two are available for hire.

These buildings are available for Hire or Purchase

1. Temporary Buildings with a PVC fabric roof and steel wall-cladding, are available in as little as 7-21 days from order in a massive range of sizes, and are suitable for basic weather cover.

2. Relocatable Interim Buildings with a 40mm insulated steel roof and 40mm insulated steel wall cladding, and are far more suited to environments where people are working and heating and cooling are to be used, due to the insulation properties of the roof and wall cladding

Steel Buildings

Permanent Steel Buildings which have warranties for up to 30 years are available for outright purchase only.

The Use Case

Every client has a different mix for the application of the building, expected duration of use, requirements beyond that term such as potential re-use, financial and budgetary constraints and so on. That means each use case may be better suited by either the purchase or hire.

Hiring is by far the preferred option for a short-term one-off requirement. You want it on-site and in place on time, use it for the period you need it, and then have it removed. Job done. But there are many variations on short term requirements and the best laid plans do frequently and unexpectedly change.

To help you decide on the best option for your circumstances please toook at the Pros and Cons table below. You may also want to consult our Which Building Guide Book. It's FREE.

Better still, give us a call for some no obligation, free and friendly advice.

+44 1827 330000

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Smart-Space is a member of Safe Contractor, a leading health and safety pre-qualification assessment scheme, dedicated to promoting higher standards of competence and compliance in health and safety for all professions and sectors.

Which Building for You?

We supply 3 distinct types of Building. This guide will help you choose the one you need.

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Purchase & Hiring Pros & Cons

Hire

Fixed cost

You know the exact monthly overhead in advance.

Not a capital expenditure

Sometimes obtaining authorisation for an acquisition can be a prolonged process with no guarantee of approval. Hiring bypasses that requirement in the majority of cases, with only local management approval needed for the operating expense.

Gets expensive long-term

For a longer usage period, hiring does work out more expensive than outright purchase and this is an unavoidable fact of hiring in general. It is designed to be a short term solution. However, this can be balanced somewhat by also representing a fixed monthly overhead that makes it predictable and, of course, it can be terminated at any time with just 7 days’ notice.

Flexibility of term

We don’t tie you into a pre-determined or minimum-term contract. You are totally free to extend the use on a month to month basis for as long as you want. All we ask is 7 days’ notice when you want us to take it away.

No maintenance

When you hire a building, we are responsible for maintaining the building, not you. You only have to provide adequate buildings insurance which is usually a mere formality when added to your existing policy.

Purchase

Asset on balance sheet

The building is yours, whether it has been financed through a mortgage or some similar arrangement, or paid for outright. It is a capital expenditure and goes on the books as such.

Depreciation potential

As with any asset, you can claim depreciation each year as advised by your accountant, which adds to the bottom line P&L numbers.

Can be re-used

After its initial purpose has run its course, the building can be quickly taken down and moved to another location if required, or put into storage (which need not be indoors). You can do it yourself or ask us for a quote to do the entire task for you. These costs are now usually OpEx rather than CapEx, which generally require a lower level of authorisation, permitting greater local flexibility and autonomy in larger companies.

Can be liquidated

We supply the buildings with a guaranteed buy-back option subject to reasonable wear and tear. That means you can exchange the asset for a capital injection at any time that suits you or if your medium term plans change.

Not a short term option

Probably the only significant downside of outright purchase is if your plans change early in the planned period of usage. Even with our buy-back option, there would be an unavoidable cost.

Purchase Decision Case Study

You may find this interesting – a company who found that purchase rather than hire was the most cost effective solution for their particular circumstances.