8 Minute Read
Repo Storage Buildings: What You Need to Know
When you’re in the market for a storage solution, the appeal of a “repo” or repossessed storage building can be tempting. After all, who doesn’t love a bargain? But before you set your sights on repo sheds or repossessed metal buildings for sale, it’s important to understand what you’re really getting—and what you might be giving up in the process.
In this guide, we’ll discuss the best way to find a repossessed storage building (metal and wood), what to check before buying, and what to keep in mind regarding your purchase.
To speak with a Carport Co. team member, call (888) 293-5588, email [email protected], or request a FREE estimate. You might also find our 3D Design Tool helpful for visualizing your future storage building.
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What Are Repossessed Storage Buildings?
Repossessed storage buildings, commonly called “repo sheds” or “repo portable buildings,” are structures that were previously purchased through rent-to-own programs but were repossessed when the original buyers couldn’t keep up with their payments. These pre-owned storage buildings are then resold, often marketed as discounted alternatives to new structures.
The Reality Behind Repo Storage Buildings
While the idea of saving money on a repossessed shed might sound appealing, there are several factors to consider before making your purchase:
Size Limitations
Most repossessed storage sheds and other buildings are relatively small. This is because rent-to-own programs typically cap at around $12,000 with no credit check, limiting the size and customization options available. If you’re looking for a larger structure or something specifically designed for your needs, a repo building might not offer the space or specifications you require.
Hidden Costs
What appears to be a deal at first glance may actually come with hidden expenses. Repossessed metal buildings for sale often don’t include:
- Installation costs: Unlike many new prefabricated buildings that include setup in the purchase price, repo buildings typically come “as is” with installation as an extra expense.
- Transportation fees: Moving the structure to your property can add significantly to the total cost.
- Repair expenses: Many repo buildings require repairs or updates before they’re fully functional.
No Warranty Protection
Perhaps one of the biggest drawbacks of purchasing a repo storage building is the lack of warranty coverage. Most manufacturers void warranties on repossessed structures, leaving you without protection if issues arise. With a new prefabricated metal building, you typically receive comprehensive warranty coverage, providing peace of mind for years to come.
Availability Challenges
Finding repossessed storage buildings can be challenging. They’re not consistently available, and the selection is often limited. This means you might spend considerable time searching for a repo rent to own shed only to settle for something that doesn’t quite meet your needs.
Where to Find Repossessed and Used Storage Buildings
1. Local Tube Steel Manufacturers and Dealers
If you’re determined to pursue a pre-owned storage building despite the potential drawbacks, here are the most effective channels to explore:
Many people overlook this valuable resource. Local steel manufacturers and dealers who produce metal buildings often have information about repossessed structures in your area. They may:
- Maintain their own inventory of repossessed buildings
- Have connections with financing companies that handle repos
- Offer insights on the condition and value of available structures
- Potentially provide transportation or installation services
Establishing a relationship with these manufacturers can give you an inside track on quality repossessed buildings as they become available.
2. Online Marketplaces
Digital platforms offer convenient ways to search for repossessed storage buildings:
- Facebook Marketplace: Features local listings with photos and the ability to message sellers directly. Many sellers are willing to negotiate on price.
- Craigslist: Still a popular option for finding local used structures with the advantage of simple, direct communication with sellers.
- eBay: Sometimes features repossessed buildings, though transportation logistics can be challenging for larger structures.
When using these platforms, be sure to:
- Request multiple photos from different angles
- Ask about the building’s history and why it’s being sold
- Inquire about any damage, repairs, or modifications
- Verify dimensions and materials before committing
3. Rent-to-Own Companies
Companies that offer rent-to-own buildings are often the original source of repossessed structures. Contact these businesses directly to:
- Ask about their current inventory of repossessed buildings
- Get on waiting lists for specific types of structures
- Understand their policies regarding transportation and installation
- Inquire about any remaining warranty options
4. Estate Sales and Auctions
These can be gold mines for finding used storage buildings at competitive prices:
- Estate liquidations often include outbuildings at discounted prices
- Local auctions may feature repossessed structures from financial institutions
- Government surplus auctions occasionally include storage buildings
5. Networking in Rural Communities
Word-of-mouth remains powerful in rural areas where storage buildings are common:
- Join local farming or homesteading social media groups
- Visit agricultural supply stores and check bulletin boards
- Attend county fairs and farm equipment shows where dealers may advertise
6. Search Engines
If you are having trouble finding a used or repossessed storage building that meets your needs, consider using a search engine like Google or Bing to search terms like:
- “repossessed storage buildings in (your state)”
- “repo rent to own sheds near me”
- “used metal buildings for sale near me”
The Prefabricated Alternative
Custom prefabricated metal buildings offer several advantages over repossessed options:
- Customization: Design a structure that perfectly fits your needs and available space.
- Warranty Coverage: Enjoy the protection of manufacturer warranties on materials and craftsmanship.
- Modern Features: Access the latest innovations in design, materials, and construction techniques.
- Professional Installation: Many companies include proper installation in the purchase price.
- Financing Options: Various payment plans make new buildings affordable without resorting to potentially problematic rent-to-own arrangements.
Making an Informed Decision
Before pursuing repossessed storage buildings, consider conducting a thorough cost-benefit analysis. Request quotes for both new prefabricated structures and available repo options, making sure to account for all potential expenses. You might discover that a new, customized metal building delivers greater long-term value despite a potentially higher initial price tag.
Remember that your storage building is a long-term investment in your property. Prioritizing quality, warranty protection, and proper fit for your needs often proves more economical than pursuing what seems like a short-term bargain.
Ready to Work With The Carport Co. for Your Storage Building?
When you choose The Carport Co., you’re not just buying a steel carport or metal building—you’re getting a partner who’s committed to your satisfaction. Here’s what sets us apart:
Competitive Pricing: All of our pricing is either factory-direct, or less than factory direct through dealer exclusive sales and discounts.
Nationwide Coverage: We serve the majority of the United States, bringing durable carports to your doorstep (or driveway).
Premium Materials: Our metal buildings are made from prefabricated tube steel (galvanized steel), available in both 14-gauge and 12-gauge for added strength and durability.
Expert Guidance: Our team is here to help you every step of the way, from choosing the right structure to installation.
Frequently Asked Questions
Are repossessed sheds cheaper than new ones?
While repossessed sheds may have lower sticker prices, they often become more expensive when you factor in transportation, installation, repairs, and the lack of warranty coverage. A comprehensive cost comparison is essential before assuming a repo shed is the more economical choice.
Where can I find repo storage buildings for sale?
Repossessed storage buildings are typically sold by the financing companies that originally provided the rent-to-own agreements. Some dealers also offer repo buildings alongside their new inventory. Other sources include Facebook Marketplace, Craigslist, local tube steel manufacturers, and community bulletin boards. However, availability is inconsistent and often limited to smaller structures.
Do repo portable buildings come with warranties?
Generally, no. Most manufacturers void warranties on repossessed structures. This means you’ll be responsible for any repairs or issues that arise after purchase, potentially adding significant costs to your investment.
Can I customize a repossessed metal building?
Customization options for repo buildings are extremely limited. Since these structures were built to another buyer’s specifications, what you see is typically what you get. New prefabricated buildings, by contrast, can be customized to your exact requirements.
Is financing available for repossessed storage sheds?
Most sellers do not allow payment plans on repossessed buildings. They are typically cash only and sold as is.
How is the quality of reposessed rent to own sheds?
Quality varies significantly among repossessed buildings. Some may be relatively new and in good condition, while others might show considerable wear or damage. Without warranty protection, assessing the structure’s condition becomes critically important before purchase.
Can I return a repossessed storage building if I'm not satisfied?
Most repo buildings are sold “as is” with limited or no return options. This contrasts with new prefabricated buildings, which typically come with satisfaction guarantees and warranty protection.
Are pre-owned storage buildings difficult to transport?
Transportation challenges depend on the building’s size and construction. Moving costs can be substantial, especially for larger structures or long distances. These expenses should be factored into your total cost when comparing repo buildings to new options.
How do I inspect a used storage building before buying?
Thoroughly check for structural integrity, including the foundation, walls, and roof. Look for signs of water damage, rust on metal components, and ensure doors and windows operate properly. Consider bringing a knowledgeable friend or hiring a professional inspector for larger investments.
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To speak with someone, call (888) 293-5588 or email [email protected].
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The Ultimate Buyer’s Guide is a collection of articles by The Carport Co. These articles have been catered to first time steel and metal carport, garage, and commercial building buyers. Our goal is to share as much information with customers as possible, to help make informed decisions, and ensure a customer doesn’t discover an addition they would have liked to added at the time of sale, but was not aware of the option’s existence.
Here is a preview of a few articles. To view the full Buyer’s Guide, please visit the Ultimate Buyer’s Guide page.
