Skip to main content

Blog

Financing Your Temporary Building: What You Need to Know

Temporary buildings are a great solution for businesses and individuals who need additional space on a short-term basis. Whether you need a temporary office, storage facility, workshop or something else, there are a variety of financing options available to help you obtain the temporary structure you need. In this blog, we’ll explore some of the financing options available for temporary buildings and what you need to know about each one.

At Spaciotempo, we recognise that all end-use requirements are different and that businesses are at different stages financially, and that’s why we offer the choice to hire, purchase or finance our temporary building installations. Our buildings are designed to be flexible and versatile in both funding and execution. So, whether you need a temporary or semi-permanent structure, we can provide a solution that fits your exact needs.

Benefits of Spaciotempo Temporary Structures

When it comes to building solutions, businesses often face a dilemma between investing in a permanent building or opting for a temporary structure. While permanent buildings provide a sense of security, they can be expensive and time-consuming to construct. On the other hand, temporary buildings offer flexibility and cost-effectiveness, but may not provide the same level of durability or longevity. This is where Spaciotempo comes in, offering both semi-permanent premises built to last that are actually a lot more cost effective than you might think and also meet your specific business needs.

Spaciotempo is a leading provider of temporary structures for various industries, including but not limited to temporary warehousing, transport & logistics, retail and sports & leisure. We offer a range of financial packages to help businesses meet their storage needs without breaking the bank. Whether you need a temporary warehouse or a semi-permanent storage facility, Spaciotempo can help you find the right solution.

One of the main advantages of choosing a temporary structure from Spaciotempo is flexibility. You can hire a building for as long as you need it, whether it’s for a few months or a few years. This is particularly useful for businesses that experience seasonal fluctuations in demand, as they can quickly and easily adjust their storage capacity to meet changing needs.

Another benefit of choosing a temporary building from Spaciotempo is cost-effectiveness. Temporary structures are typically less expensive to build and maintain than permanent buildings. This means that businesses can save money on construction costs and invest more in their core operations. Furthermore, hiring a temporary building means that you don’t have to tie up your capital in a property that you may not need in the long term.

Spaciotempo offers a range of financial packages to suit different budgets and needs. These include flexible leasing and hire purchase options, which we’ll go explore in more detail below.

Buying options of a Temporary Building

Purchase: If you have the funds available, a cash purchase is the easiest and most straightforward financing option. When you purchase a temporary building with cash, you own the structure outright and don’t have to worry about any ongoing payments.

Hire: Hiring or renting a temporary or semi-permanent building is a great option if you need the structure for a short period of time. In Spaciotempo’s case, the minimum hire term is just 3 months. Hiring typically involves a fixed-term contract where you make regular payments over a set period of time. Renting, on the other hand, is usually a more short-term arrangement where you pay a monthly fee for as long as you need the building. Hiring a building can be a cost-effective option as you won’t have to pay for the full cost of the structure upfront.

Lease-hire: With a lease-hire service to purchase your temporary building, you have the option to buy your temporary building when the hire term ends and deduct what you have paid from the balance. Not all temporary building suppliers offer this service, but Spaciotempo are one that do.

Financing: Many companies that sell temporary buildings offer financing options for their customers. These financing options may involve a fixed-term loan or a line of credit that you can draw from as needed. Interest rates and terms will vary depending on the lender and your credit history.

Government grants or loans: Depending on your location and the intended use of your temporary building, you may be eligible for government grants or loans to help finance the project. These programmes can provide funding to cover some or all of the costs associated with your temporary structure.  If the temporary building is in the education sector and is on behalf of an academic institution, then Spaciotempo work with a specific education finance provider. To submit an enquiry to finance a temporary building for your school or college, click here.

Crowdfunding: Crowdfunding is a relatively new financing option that involves raising money from a large group of people through online platforms like Kickstarter or GoFundMe. If you have a compelling story or a unique project, crowdfunding can be a great way to raise funds for your temporary building.

Conclusion

Whilst business agility and cost-effective infrastructure is bound to be at the forefront of your mind when you are searching for a new premises, temporary building providers can take just some of the stress away by offering hugely flexible buying options to suit individual budgets and timeframes. Be sure to speak to different suppliers when you are information gathering or requesting a quote and ask about their purchasing options.

If you’d like to get in touch to discuss any of the points raised in this blog in further detail, our team will be more than happy. Contact us on 01889 460049 or get a quote using our interactive Let’s Build form.

Contact Us Let's Build