When planning a housebuilding project, you probably intend to buy the necessary tools instead of hire them. You’ll be using them throughout the build process, and there’s a chance you’ll use them again in the future.
This may indeed be the case with standard hand and power tools, but if the build calls for specialist products, a more measured approach is necessary. Because there are hidden implications involved in keeping certain tools, you may need to buy some and rent others.
Adding it up
Cost tends to be the main factor in the decision to buy or hire. Considerations include the financial investment, how long you anticipate using the tool, and whether you can use it again for future projects.
Screwdrivers, chisels, cordless drills, sanders, and other basic tools will probably come in handy after the project is completed. Good-quality versions of these items can be had for decent prices, so buying them makes sense. Clean them after each use and store them in their cases to ensure longevity.
Larger equipment items, such as access platforms and small excavators, are priced outside most budgets and can be difficult to store on site. But if you have experience using machinery of this type, check out the second hand market for used items that remain in good shape. Any tools that are likely to be used on a one-off basis should be hired instead.
Specialist equipment should be purchased only if they align with your skillset and future plans. Mitre saws and routers, for example, are worth the investment if you plan on getting into woodworking. By figuring out how often you’d use the equipment, the cost of purchase can be compared with the rate of hire and an informed decision made.
If you’re thinking about purchasing a kit outright, make sure that any hidden costs are taken into account first. Foremost among these is the insurance against equipment theft or breakdown. Once the build is finished, the value of replacing these tools will have to be added to your contents insurance as well.
Regardless of whether you buy or hire, you’ll need to obtain dry storage, which may be rented or built on site. If the project includes a detached garage or other outbuilding that can be completed during the early stages of the build, this issue will be a minor one.
Should you decide to hire, schedule the rental time so that the same item can be used for multiple jobs within the allotted time span. This will allow you to bring the cost down considerably. If you anticipate needing the tool often but sporadically across the project timeline, consider purchasing it instead, unless storage space is an issue.