There are many advantages to do it yourself home projects. When you own a home, you are responsible for all of the minor and major upkeep and repair projects. It is just something that comes with home ownership. When you DIY a home project, you are saving a lot of money by not having to pay high labor costs, you are ensured that your project is handled properly and you are learning new skills that will make the repair easier the next time around. Although DIY home projects can provide a lot of benefits, one of the biggest obstacles to DIY home improvement is not having access to the necessary construction equipment. Fortunately, equipment rental is available for many of the required construction machines.
There are currently over 50,000 establishments engaged in the installation, roofing, siding, and sheet metal work valued at a total of $31.4 billion. These establishments can be very helpful for large projects, such as new roofs or brand new siding on a home. However, most homeowners prefer not to call a professional installation company for minor repairs, such as fixing a leak or replacing a piece of the roof. It can actually be much cheaper to use construction equipment rental services and make the minor repair on their own.
By 2015, the global construction equipment market is estimated to be sized at around $145.5 billion U.S. dollars. With the increase in the construction equipment market, DIY homeowners will find an increased availability in equipment rental items. Businesses and professional contractors will find that they can make additional income by renting out their expensive equipment for further payment. Many homeowners will enjoy the cost savings of renting the construction lift equipment and doing the project themselves. It is a win win for both sides.
Equipment rental may also be beneficial for those construction companies just starting out. When you run a construction business, you will need access to a variety of different construction equipment. If you do not have enough capital available to purchase all of these expensive equipment pieces, you have the option of equipment rental. Smaller construction companies will find a lot of different equipment available for all of their construction needs. They will find pieces like boom lift rentals, electric boom lift rental and bulldozer rentals. Along with crawler dozers, crawler excavators and aerial platforms, wheel loaders ranked among the most important product categories in 2011. Over time, as the company beings to make profit, they can purchase these items and no longer have to rent them. The customers will never know that the equipment is rented and even if they did, they would not care. Equipment rentals are great for companies just starting out with low capital.
A commercial business may also find use with equipment rental. They may have the fund available to hire a professional contractor, but they may have contractors available who are willing to do the job for less. A good example of this would be a church. However, the contractor donating their time will still need the necessary equipment for the job. The church can simply rent the needed construction equipment, having a discounted repair job.
There are many uses for construction equipment rentals. A homeowner who wants to complete a repair on their own, but does not have the necessary equipment can rent the needed construction pieces. Smaller construction businesses with low capital or large commercial businesses who want to save money may also find benefit in construction equipment rentals.