Need Building Equipment? Here's What You Need to Know!
Construction equipment hire has gained hype in the market. Everyone talks about the benefits of renting.
Well, there is no denying that Construction Equipment Hire can help start-ups and small businesses establish themselves in the market.
But before you invest in renting, you should be aware of the crucial aspects; what's that?
- Your Goals
- Needs
- Technology and more.
Don't just rent because everyone else is doing so. Rent if you feel it would be cost-effective for your business.
We want you to make wise decisions, so we have compiled this blog. By the end, you will have a clear answer about what decision is right for you.
So, let's dive into the details!
The Pros of Renting Building Equipment
1. You Only Pay for What You Use: Saving money is always a win, right? Here's a neat trick for businesses looking to cut costs: rent tools. Sometimes, a project needs a specific tool for the entire job. But in many cases, you might only need something like a grinder for a few days and then never touch it again.
If you own that grinder, you're still shelling out for its upkeep, insurance, and maybe even storage, even when it's just sitting there. However, with rental equipment, you only pay for the time you use it. So, for short-term gigs, renting is your best bet. Plus, you can always factor the rental cost into your job pricing, keeping your budget in check. It's a win-win!
2. Increased flexibility: Jobs can be unpredictable. Sometimes bad weather hits, and work stops dead in its tracks. And let's face it, there's no point in paying for equipment just sitting there gathering dust, significantly when things slow down.
But with Building Equipment Hire, you've got a solution that's as easy as pie. They understand that things change, so there's no penalty for returning equipment early. You just bring it back, and that's it – no more payments. Isn't it amazing?
Cons of Renting Building Equipment
Although the benefits of renting equipment exceed the drawbacks, we want you to know the positive and negative elements. So, let's get started with the negatives.
Limited Modification: Many people believe that one of the major disadvantages of renting equipment is that it does not always provide the level of modification required for specific tasks. Construction organisations may have to compromise on features or attachments that improve productivity and efficiency. Owning equipment allows you to adapt it to meet the specific needs of your project.
Unavailability of Equipment: Though the chances are low, sometimes the equipment you need might not be available. The added flexibility of hiring a rental when required could be annulled if the piece you need isn't available. This is particularly true during peak times and when you need to start working on short notice. Although there are plenty of rental building equipment companies, it's possible that you could miss out on a particular tool when you need it most.
In such a situation, you have to search here and there to find the equipment, and in the end, you might get a tool. But the possibility is that you are dealing with a business that is interested in only making money and doesn't care much about customer service.
Making the Right Choice for Your Business
Considering the above information, you'll be well-equipped to make an informed decision. The following is a quick breakdown to help you get started:
Rent if: You have a short-term project, rarely need specialised equipment, or want to test out new technology.
Buy if: You have a steady workflow requiring frequent equipment use, plan to keep the equipment long-term, or the cost of ownership is comparable to renting over time.
Summary: Running a construction business requires a big budget because a construction site requires regular use of equipment, from small to large.
We mentioned both options above. All you need to do is analyse your situation and decide whether to hire or rent.
However, if renting is an ideal option for your business and you are searching for a reliable company where you can get all the equipment, contact our experts at All Equipment Hire.
Our team will understand your requirements and then advise you tool if you need suggestions.