When you're in the market for new construction material, it can be tempting to buy the latest and greatest products on the market. However, there are several advantages to owning used construction material instead. In this blog post, we'll explore four of the most important reasons why buying and owning used materials is a wise decision for construction professionals. Learn more, and visit OFFLOADIT to easily buy and sell construction materials using our app. Download the OLI app now!
The Advantages of Owning Used Construction Material
Lower Insurance Costs
One of the biggest advantages of owning used construction material is that it often costs less to insure. This is because newer equipment and materials are often more expensive to replace if they're lost, stolen, or damaged. As a result, insurance companies charge higher premiums for coverage. By contrast, used equipment and materials cost less to replace, so insurance companies charge lower premiums. This can save you a significant amount of money over time.
Used Heavy Machinery Holds Its Value Longer
Another advantage of owning used construction material is it often holds its value longer than new material. This is because new equipment and materials depreciate rapidly in the first few years after they're purchased. On the other hand, used equipment and materials tend to depreciate more slowly. As a result, you can sell used equipment and material for a higher price than you would be able to sell new material.
Affordability Means Greater Selection
One of the most important advantages of owning used construction material is it's more affordable than new material. This is because used equipment and materials are often significantly less expensive than their newer counterparts. Bottom line? You can buy more material for your money, giving you a larger surplus and a greater selection of material to choose from when you're planning a construction project.
Finally, owning used construction material is more environmentally sustainable than buying new material. This is because manufacturing new equipment and materials requires a significant amount of energy and resources. What’s more, as new materials are produced, this increases the potential for unused or unwanted materials going to the landfill. By contrast, reusing existing material has a much lower environmental impact, so you can feel good about doing your part to protect the environment when you buy used construction material.
Next time you're in the market for construction material, keep these advantages in mind and consider purchasing used. You may be surprised at how much you can save. Visit us online today to download the OLI app, and discover how easy it is to buy and sell construction materials at the touch of a button!