Ever feel like you’re just plain running out of space? Between the lawn mower, bikes, outdoor furniture and who-knows-what-else, your garage is bursting at the seams. And that’s before you even get your car in there! Renting storage units is a pain, not to mention expensive. But what if you could get the extra space you need—without the hassle and cost of a rental? Rent to own sheds, barns and cabins from Prairie Built Barns deliver the durable storage you need on your schedule. Keep reading to learn how rent-to-own storage buildings can solve your space crunch once and for all. With quality craftsmanship and small-town values, Prairie Built Barns has your storage needs covered.
The Benefits of Rent-to-Own Storage Sheds
Rent-to-own sheds give you flexibility to pay how you want. You can pay weekly, biweekly, or monthly installments that work with your budget. Some places even offer zero down payment options so you can get the storage space you need right away without a big upfront cost. One of the biggest perks of rent-to-own sheds is that once you finish making all the payments, you own the shed outright. This means that rather than renting a shed indefinitely and paying nonstop fees with no equity, you end up with an asset you can use for years to come. Rent-to-own companies want you to complete the payments and take ownership of the shed, so they typically offer high-quality sheds that will last a long time. Look for sheds made of durable materials like steel, heavy-duty resin or treated wood. These types of sheds can withstand weather and wear and tear for many years.
How Rent-to-Own Sheds Work
If you need extra storage space but aren’t ready to purchase a shed outright, rent-to-own sheds are an affordable option to consider. Rent-to-own means you make monthly payments on the shed for a fixed period, usually between 6 months to 5 years, then once it’s paid off, you own it free and clear.
Flexible Terms
The best part about rent-to-own sheds is you can choose terms that work with your budget. Want to pay it off quickly? Go for a short 12 or 18-month term. Prefer lower payments? Extend it to 3 or 5 years. You decide what you can afford each month and lock in a fixed interest rate for the life of the agreement.
Building Equity
With each payment, you build equity in the shed. If after a few years you decide to trade it in for a new model, you’ll get money back for the equity you’ve earned. Some rent-to-own companies like Prairie Built Barns even allow you to put your equity towards the purchase of a new shed.
Ownership Perks
Once the final payment is made, the shed is all yours. You can modify it however you like and even move it to a new location. Any issues with the shed after you take ownership are your responsibility, but many come with limited warranties in case of defects.
What to Look for in a Rent-to-Own Shed Company?
When choosing a rent-to-own shed company, you want a provider you can trust to give you a high-quality product at a fair price. Look for a company with a proven track record of satisfied customers and sturdy, durable buildings.
1. Reputation and Reviews
Do some research on companies in your area to determine their reputation. Check independent reviews on sites like Yelp or the Better Business Bureau to see what other customers say about them. Look for companies with mostly positive reviews mentioning things like good customer service, high quality, and fair prices. Avoid those with a lot of complaints about shoddy workmanship, damage during delivery or installation, or unfair business practices.
2. Quality and Craftsmanship
A reputable company will use high-quality, durable materials and sturdy construction. Their buildings should withstand normal wear and tear and last for many years. Look for heavy-duty steel framing, exterior panels that resist dents and dings, and roofing and siding made to withstand extreme weather. Higher-quality buildings may cost a bit more upfront but will save you money in the long run.
3. Fair Rates
Rent-to-own agreements allow you to get the storage space you need right away while paying over time with the option to buy. However, some companies charge excessively high interest rates or hidden fees. Look for a company that is transparent about all costs and charges reasonable, competitive rates. They should clearly disclose the total price if you continue renting for the full term versus if you buy out the building early.
Rent-to-Own vs Buying a Shed Outright
When in the market for a new shed, you have two main options: rent-to-own or purchasing outright. Both have their pros and cons, so consider your needs and budget to determine the best choice.
Renting to own a shed means making monthly payments over time until you own it outright. This allows you to get the storage space you need right away without a large upfront cost. Payments are often affordable and fixed, so you know exactly what to budget each month. Many rent-to-own companies also don’t require a down payment or credit check. However, in the end, rent-to-own often costs significantly more than purchasing a shed outright. You’ll pay interest charges on top of the total cost of the shed.
On the other hand, buying a shed outright means paying the full price upfront, whether in cash, check, or with a loan. While the overall cost is often lower, the initial outlay can be difficult for some. But you own the shed immediately and avoid any additional fees. You may be able to find lower prices by paying upfront as well, especially if purchasing directly from a manufacturer or wholesaler versus a rent-to-own company.
When determining whether rent-to-own or buying outright is right for your situation, consider factors like:
- Your budget and ability to pay upfront costs
- How long you need the storage space for
- Interest rates and total fees for rent-to-own
- Available discounts or lower prices for paying outright
- Your need for a shed now versus saving up to buy later
Conclusion
You deserve the storage space that fits your needs and budget. Rent to own sheds from Prairie Built Barns offer flexible financing so you can get the barn, shed or backyard building you want without breaking the bank. Their old-fashioned values like honesty and quality ensure you’ll get exceptional service and craftsmanship. Visit prairiebuiltbarns.com to find the storage that works for you.
