Metal is an excellent building material. It is strong, durable, and resistant. It also comes in large, often prefabricated pieces whichare quite simple to build with. For these reasons, it is quite the popular choice to manufacture your new building from metal.
Whether it be a metal garage, a warehouse, an agricultural building, or anything in between, you’d be surprised at the options available to you with metal.
However, as with any construction process, the issue of cost is a big one. How you are going to pay for your new structure is quite often a key issue, and you simply may not have the cash flow available.
This is why many turn to financing. Construction lending is a large part of the industry, and it may be the option you need. But it’s important that you go about it the right way.
Did you know that there are multiple financing options for your metal building?
Or, that by financing your metal building, you can kick your project off sooner than you could have done otherwise?
In This Article
In this guide, you’ll find out everything you need to know about financing your metal building, including loan options and where to find them. We will also take you through how to estimate cost, the top loan providers to check out, the application process, and how to figure out whether or not a metal building is actually the best option for you.
What’s in this guide?
What is a metal building?
A metal building is a building that either has a frame that is made out of metals such as aluminium and steel or in some cases it might be made entirely out of steel, including the walls and the roof.
Sometimes you can use other materials in conjunction with metals, such as brick, stone and wood.
This means that you can completely customise your steel building, which could include having a metal building which has the appearance of wood but at a fraction of the cost.
These metal buildings are cost-effective, and they are often used for things like student accommodation, classrooms or temporary homes for disaster relief because they can be quickly constructed and replicated.
Plus, you can benefit from being able to expand your building relatively quickly, or change the interior floor plan.
What can I use a metal building for?
Metal buildings traditionally have a wide range of uses, here are a few that you might want to consider:
- Vehicle storage
- Residential homes
- Agricultural storage
- Self-storage units
- Student accommodation
- Retail outlets
- Pop up shops
- Pop up cafes
- Cafes and restaurants
- Shopping malls
As you can see, metal buildings can be suitable for many different industries, especially considering that with customisation, your steel building could look unique to your brand, using paints and other materials such as cladding.
You can also customise things such as how many doors you want, the size of the openings, the shape of your roof and interior finishes.
Or, you could choose to have metal buildings that can be easily duplicated to a uniform style and materials.
There are many options out there, and it really depends on what you are looking for. This takes us to our next topic:
Before You Start Your Project: Evaluate and Plan
In consideration of all the above uses we outlined directly above, you might be a bit overwhelmed at all the options available to you. For this reason, before you start a building a metal structure, it is important to identify what you will actually be using your metal building for.
This way, you can form an accurate plan which takes into account the materials, labour, and other considerations which will account for your overall cost. The more accurate your plan, the more accurate your cost estimates will be, which will determine your overall financial situation and your individual financing considerations. Once you have this accurate picture of your project, you can evaluate the financing options we will survey below.
Not only will this help to ensure that you build a proper metal structure for your needs, it will also ensure that it is affordable and within your realistic range of financing options.
How can I finance my metal building?
Financing options can seem difficult and confusing at first. In a way, they are actually meant to be confusing, so that you have difficulty in evaluating the fairness of the offer you are receiving. In this article, we aim to help you understand the different options available, so that you can pick the best option for your needs.
There are several ways to help finance your metal building, and choosing the best one for you can make a significant impact on how quickly you can start construction.
As well as what you will need before you begin.
Funding Option: Personal funds
Did you know that some metal buildings will only cost you a couple of thousand dollars?
Because they are made to be an affordable alternative to using other materials, sometimes it’s reasonable to be able to save up your funds to pay for your building outright.
The benefits to this are that you can start designing and constructing your building right away, as soon as you establish with your provider what you need your structure for.
Sometimes, you might be able to purchase a prefabricated building, which can make construction time a lot quicker.
Prefabricated buildings mean that the parts of the building are made elsewhere, then they are brought to your location and assembled.
This can either be done by yourself, or with a team of professional builders.
For small buildings like garages you might be able to do everything yourself, but for larger structures such as barns or homes, you will likely need to pay extra for your structure to be built.
Either way, it tends to be quite a bit cheaper in the long run, because you significantly save time and money on construction and assembly costs. So while it may cost a bit more up-front for materials, you tend to save money over the course of the whole process.
As you are paying for all of this yourself, you can either choose to pay for everything outright, or you could pay as you go which means paying for things as and when you can afford it.
Top 5 Direct Steel Companies
1. Metal Building Outlet
Type: Metal building supplier
Metal Building Outlet is a Colorado-based company that provides its customers with prefabricated steel buildings which you can buy directly.
They can offer you structures for both residential, commercial and industrial purposes, as well as accessories and parts such as doors, windows and insulation.
Although they don’t offer clear pricing information for their buildings, you can get a quote from their website based on your needs.
2. SteelMaster Buildings
Type: Steel building supplier
SteelMaster Buildings are a supplier of both steel buildings and prefabricated kits, which can be used for many uses such as a garage, carport, a house, a metal barn, for government use, as airport hangars, and as mining structures.
Their steel buildings can come in many different styles and shapes including Quonset Huts, A-frame buildings and X-models, to name a few.
Type: DIY steel building kit supplier
Versatube is an excellent choice for many customers because they offer do-it-yourself kits which can be easily constructed without the need for professional builders or expensive equipment.
Not only can you purchase your Versatube kit directly, but you can also view a clear pricing structure on their website.
Versatube offers a low-cost solution, quick construction times and premium American steel as their primary material.
4. Worldwide Steel Buildings
Type: Steel building supplier
Worldwide Steel Buildings are a Missouri-based company which can provide many kinds of steel buildings such as agricultural structures, recreational structures, or residential and commercial buildings.
Their prefabricated steel kits are American-made, have a high quality, and they are long-lasting too, with minimum maintenance required.