Featured Image Source: Pixabay

The first thing that many DIY builders do after sketching a construction project is rushing to the hardware store and buying all the necessary tools. While this prospect is quite tempting, the truth is, apart from the tools that every standard kit offers (screwdrivers, hammers, and so on), it is unlikely that you will use a chainsaw and a jackhammer on a daily basis. As soon as the project is finished, they will likely end up in a poorly ventilated storage space, slowly withering and rusting away.

But there is an easy workaround: instead of outright buying the equipment, you could rent what you need and return it as soon as your project is completed. Fortunately, a number of ambitious entrepreneurs have sensed the potential of this market and founded companies that rent tools and equipment pieces for the whole duration of the projects. Here is an outline of all your equipment rental options.

Why Rent the Equipment Instead of Buying it?

The 2008 global recession had a tremendous effect on the economy, especially the construction industry. What was initially a booming sector which financial experts predicted will only rise in the future, the unexpected worldwide economic crisis brought all construction projects, both residential and commercial, to a halt.

Thankfully, since the worldwide recession has come to an end, the construction sector has recovered, and investors have regained their trust in this industry. So, you might be wondering, what does this mean for you, as a house builder?

The recent economic improvements have allowed ambitious entrepreneurs to open companies that specialize solely on renting specialized building tools and equipment, at reasonable rates and contracts. This means that, from a financial and practical perspective, it is much more economical and wise to rent whatever tools you want for a predetermined period of time and return them as soon as the project is finished. If you want some in-depth advice about the best equipment rental companies, make sure to check quality online sources such https://equipmentrental.org/.

Better Project Coordination and Flexibility

Economic and purely reasons aside, we all know that all construction projects, regardless of size and scope, require a certain level of coordination in order to be accomplished in a timely fashion. When you purchase the equipment permanently, you are entirely responsible for it. They might be covered by a warranty in case of factory malfunctions and defects, but by the time it takes to the distributor to respond to an issue, your project could enter the red zone, causing you to lose money and needlessly extending the duration of the project.

Therefore, renting the equipment from legit, professional companies could prove to be a financial and logistical blessing. When a certain equipment piece suffers damages or simply does not work as intended, you can call the renting company and have them repair it. All renting companies are required by law to quickly respond to any equipment issues on the worksite.

If for any reasons, you are not comfortable with renting the equipment and still want to buy it, you can compromise and find a solution that fits your situation. For example, many business owners and private individuals mix-and-match – they buy equipment that has long-term utility and rent niche tools that are designed for limited, very specific construction tasks.

Renting Improves the Logistical Aspects of the Project

The logistics of a construction project is such a complex subject that it deserves an article of its own, but suffice to say, you will have to face the following issues:

• Transporting the equipment to, between, and away from worksites is one of the most harrowing logistical aspects of any construction project, regardless of the scope and size of the venture. If the project is personal, you obviously can’t move the equipment with your personal car without exposing it to damages. Thankfully, renting companies cover this aspect as well.
•  
• Maintenance. No matter how powerful and complex the equipment is, nowadays it depreciates at a rapid rate, making it harder to sell and recover your investment. Moreover, in some cases, the costs of maintenance greatly outweigh the initial value of the equipment. Therefore, if you want the best and newest equipment at your disposal without worrying about these problems, renting is your best option.
•  
• Finally, storing the equipment is another responsibility that you will have to face if you purchase the equipment. This, obviously, will imply other costs, and it is intimately related to the previous aspect. If you chose a cheaper storage space, there is a high chance that the equipment will quickly degrade due to poor ventilation, increasing the maintenance costs. If you opt for a top-notch storage space, you could artificially inflate the costs of the final project.

Conclusion

Renting equipment is becoming increasingly popular, both for personal and business projects. While there is a case to be made about purchasing it permanently, the truth is, most of the tools needed on the construction site have little, if any day to day utility. Moreover, renting the equipment will spare you from other logistical conundrums, such as storage, maintenance and transportation.