Effective Tips to Budget for Your Prefab Steel Building

Based on the 2023-2028 forecast, the prefabricated steel construction industry is projected to generate $ 318.0 billion in revenue by 2028, showing a compound Annual Growth Rate(CAGR) of 6.3%. At present, the prefab steel market is valued at approximately $ 221.7 billion. So, investing in a prefab steel building sounds like a good investment for you, isn’t it?

So, want to install a metal building, but you are worried about its initial cost? Need not worry. A prefab steel building comes at an affordable price. Let’s go through some pointers on how to get a prefab steel structure on your property for commercial or residential on a budget.

How can you keep your prefab metal building under budget?

1. Define a budget

Decide how much you want to spend on your prefab metal building. At least a rough estimate in the beginning is vital. Then, start to look for which metal structure will fit your budget. Keep in mind that the cost of raw materials for a metal building is only half of the total cost.

The total cost will be broken as follows –

• Raw material cost
• delivery charges(if not free)
• Foundation charges(if not inclusive)
• Labor charges
• Land price
• Building permits fee
• Soil study(if needed)
• Utility and sewer(if not already exist underground)
• HAVC installation charges
• Exterior finishing
• Interior finishing
• Laying roadway(if any)

Viking Barn offers affordable prefab steel structures for budget-conscious customers. So, do not forget to call.

2. Maintain a checklist

We understand that you would like to have a lot of things installed into your metal building to perfection. But wait… first divide your checklist into two parts– the one part will have all the necessary requirements without which the building can’t function. The other list will have add-ons that you can install if there is room in your budget for it.

3. Be flexible

Stay organized & keep an eye on your budget. More often, review your site to see if everything is going on time & correctly. Stay calm if you notice any delays. Ask your metal builder to brief you about it. Have patience on things that are out of control for the construction crew, such as weather activities.

You can cut down on some features to save money, then go ahead & do it. Just make sure that you are not compromising the overall structural integrity & functionality of your prefab steel building.

4. Include expansion plan (if any)

In case you have expansion plans on your mind, discuss them with your metal dealer before buying. This will be helpful as future extensions will cost you less. Instead of a fixed load bearing wall, you can go with the one that can be removed and reinstalled again. This will be cost-effective if you are looking for expansion in the near future.

5. Have a clear communication

Have a brief discussion of everything with your contractor and steel dealer. Read the fine print carefully. Clear all your doubts before buying. During construction, keep up with your construction crew head to know how much work has been done and how much is remaining.

General cost of prefab metal buildings:

Prefab metal building will cost around $ 15 to $25 per sq. ft.Various dealers have lucrative offers like free delivery and construction. Some dealer even offers concrete foundation installation. So, do check them out before buying your steel structure.

At Viking Barns, we don’t offer cheap. We provide the right, affordable & high-quality steel. So, call and book one for yourself today. Do not forget to ask about ongoing offers to take full advantage of the deal. Some sample sizes and their prices are as follows –

Factors that will affect the price of a prefab metal building:

1. Land cost

If you haven’t already, you will need to purchase land to install your prefab steel building. The average U.S. land cost is around $4,080 per acre in 2023. However, it is not the same everywhere. Land in California costs more than in Texas. So, which U.S. state you live in also counts.

You will have to pay for utility connections as well.

2. Your area

Your location matters. A rural or suburb will be cheaper than an expensive neighborhood. So, bear that in mind.

3. No. of accessories

What roof style do you want? Is there a need for skylights in your buildings? Do you need windows, gutter, trim, vents, insulators, etc., for your metal building? All these will add to the cost.

One way not to get overwhelmed is to divide the accessories into two categories – need and wish list. The need list will contain all essential accessories, such as an insulator, gutter, and windows.

4. Permit cost

Installing any structure on your property for residential or commercial purposes requires you to file for a permit. You have to pay a permit fee along with a blueprint of your metal structure. After getting approved, you can start construction.

5. Size of building

Larger steel buildings cost less per sq. ft.Are you surprised by that? Let’s clarify that with an example. A 5,000 sq. ft. metal building will cost you $16 per sq. ft., whereas a small metal garage will cost $25 per sq. ft.

6. Other Cost

6.1 Steel price

Steel is a commodity, and its prices change almost every day. It depends upon the market trend and rate.

6.2 Labor cost

Labor charges vary with the kind of neighborhood you live in. A rural area will have less labor cost than suburbs than a city.

6.3 Upkeep cost

Even though metals are, in general, virtually maintenance-free, you still need to remove dirt, debris, dried stem, or twigs that may scratch the surface & expose steel to air, causing rust. Not through, but cleaning is required to maintain the structure’s durability and shine.

Viking Barns Is Here for You:

A prefabricated metal building is an excellent choice to add value to your property. Vikings Barns has special offers for new customers. Just give us a call, and our sales team will guide you to your perfect prefab steel building under your budget.

We can design metal structures that suit both your local building codes and your budget. So, take advantage of the opportunity. Steel isn’t going to get cheaper. Call 704-579-6966 and book your prefab metal building now!