How Does Rent To Own Work For Sheds, Garages, & Cabins?

Let’s face it: nowadays, a lot of things can feel expensive to buy outright. Unfortunately, that includes many types of sheds, as well as cabins, garages, and barns – even the smallest ones. Most people don’t have a couple thousand dollars to spend on a quality storage shed or other structure. So, how does anyone ever manage to get one?

There’s the classic bank financing route, but that comes with significant upfront costs and credit requirements that are too strict for many people. However, there is one way to get your new shed installed without much upfront cost and no credit score restrictions: rent to own.

What Is Rent To Own?

Rent to own (also written as rent-to-own) is a purchasing option that allows you to eventually become the owner of a shed, storage building, or other structure through making manageable monthly payments. Instead of paying for the entire structure upfront, you make monthly payments for a set amount of time – typically between 36 to 60 months. During this rental period, the shed is yours to use how you like, and once the payment term is complete, you receive full ownership. Not very complicated, right?

This model is ideal for people who want or need their structure now but prefer not to pay the full amount upfront. Rent to own storage sheds provide flexibility by not requiring a credit check or large down payment, unlike other types of financing plans. Unlike traditional rentals where you never own the unit, rent to own ensures that you gain ownership after completing your monthly payments. Many companies also offer early payoff options so you can complete the purchase before the term ends without penalty.

Bald Eagle Barns offers our own rent to own options for sheds and other buildings for customers in Arkansas who prefer not to pay everything upfront. If you’re looking for a new rent-to-own shed, barn, cabin, or other structure, don’t hesitate to reach out with any questions.

How Does Rent To Own Work For Sheds?

The rent to own process for sheds is designed to make it easy for you to get the storage space you need without paying for it all upfront. With rent to own sheds, you start by selecting the shed you want, whether it’s a basic storage shed, a barn-style shed, or something more customized. Then, instead of making a full payment, you enter into an agreement that lets you rent the shed while paying it off over time, usually with fixed monthly payments over a period of a few years. 

At Bald Eagle Barns, for example, the rent-to-own process is flexible and doesn’t require a credit check, making it accessible to a wide range of customers. You can choose a 36 or 48-month payment term that works best for your budget, and after the final payment is made the shed is yours to keep! In many cases there are also early payoff options available, so you can take ownership of your storage shed even sooner. The rent to own approach not only gives you immediate access to a new shed but gives you the opportunity to make the shed your property at the end of the term, which makes rent to own sheds a practical and flexible option for many customers.

Rent To Own Sheds Pros and Cons

Rent to own sheds offer a range of benefits for those looking for affordable, accessible storage building solutions. However, like anything else, they come with both pros and cons.

Pros of Rent To Own Sheds

• No Credit Check: One of the biggest advantages of rent to own sheds is the lack of a credit requirement, making them available to people no matter their credit score. Unlike traditional financing, your ability to qualify is only based on your ability to make the monthly payments, rather than your credit score.
• Low Upfront Cost: Instead of paying for the entire shed upfront, you start off with a small initial payment. This makes renting-to-own a great choice for those who may not have the cash available to cover the full purchase price upfront but still need their structure quickly.
• Immediate Use: Once the rent to own agreement is in place, the shed is delivered, allowing you to use it while you make payments. You don’t have to wait to pay off the shed to enjoy all its benefits!
• Flexible Terms: Different companies offer different terms and conditions for their rent-to-own sheds, with terms usually ranging from 36 to 60 months, so you can pick a schedule that fits your budget. Many companies, like us at Bald Eagle Barns, also offer early payoff options, letting you complete the purchase even sooner if you’re able to.
• Ownership: At the end of the agreement term, the shed becomes yours! You’re not just renting; you’re working toward owning a quality, long-lasting storage solution.

Pros of Rent To Own Sheds

• Higher Overall Cost: While rent to own sheds offer greater flexibility, they often come with a higher overall cost compared to paying upfront. This is due to potential fees or interest over the agreement term. The convenience of spreading payments out can result in a higher total cost by the end of the contract.
• Risk of Repossession: In the event that payments aren’t made consistently, there is a risk of losing the shed. Failure to adhere to the terms of the rent-to-own contract in this way may result in repossession of the shed. However, if you are responsible about paying your monthly payments, this will not be an issue you encounter.
• Limited Customization During Rental Period: In some agreements, you may be limited in the modifications or customizations you’re allowed to make to the shed during the rental period. For example, you might not be able to make permanent changes to the shed until you own it outright.
• Commitment to Payments: While the payments are more affordable, it could become challenging to meet the ongoing payments over the entire life of the contract.

Overall, rent to own sheds provide a great opportunity for people who need a storage building now but might not have the ability to pay upfront. With no credit check and low initial payments, rent to own sheds are especially good for those looking for flexibility. However, it’s important to weigh the pros and cons carefully before making a rent to own agreement.

4 Factors Affecting Rent To Own Shed Prices

When considering the price of rent to own sheds, four major factors come into play. Here are the four factors that affect rent to own shed prices the most:

1. Shed Size

The size of the shed is one of the most significant factors affecting the overall price. Larger sheds naturally cost more due to the additional materials and labor required to build and install them. For example, a 12×20 shed will have higher payments than a smaller 8×12 shed due to the increased size. In rent to own agreements, the larger the shed, usually the higher the monthly payment. It’s important to choose the right size based on your structure needs and your budget.

2. Shed Style

The style of the shed also plays a big role in determining its price. Some shed designs are more complex, featuring more complicated or premium enhancements like lofts, dormers, or different roof types like barn-style or gable. These upgrades add to the aesthetics and utility of the shed but also generally come with a higher price tag. A simpler, standard design may have lower payments, while a more decorative or spacious shed will increase the overall cost in a rent-to-own plan.

3. Roofing, Siding, and Flooring Materials

The choice of shed materials can significantly impact the cost of your rent to own shed. More premium materials like architectural shingles, treated wood siding, or pressure-treated flooring are higher quality but come at a premium price point. Choosing basic materials can help reduce monthly payments, but investing in premium materials can help make sure your storage shed stands up to the elements over time, potentially reducing long-term maintenance costs. In a rent to own shed agreement, the material upgrades will be reflected in the monthly cost.

4. Additions and Custom Features

Adding custom features to your shed such as upgraded windows, doors, ramps, and interior shelving increases its functionality but also raises the overall price. These additions can turn a basic shed into a customized storage or workspace solution. Rent to own sheds from Bald Eagle Barns offer a large amount of custom shed options, allowing you to tailor the structure to your exact needs.

Understanding these factors will help you make a more informed decision when choosing your rent to own shed options. Larger sizes, premium styles, upgraded materials, and extra features can all contribute to higher cost, but also offer long-term benefits in terms of durability, functionality, and overall quality. By weighing these factors carefully, you’ll be able to find the right balance of affordability and functionality for your needs.

Rent To Own Cabins, Garages, and Barns

Rent to own isn’t limited to just sheds – there are rent to own cabins, garages, and barns as well. The process for these structures works much the same way: after selecting the building that best suits your needs, you enter into the rent to own agreement. This agreement allows you to make manageable monthly payments over time while getting to use the structure right away. Whether you need extra space for living, storing vehicles, or a new workshop, rent to own garages, cabins, and barns provide you with flexibility without requiring full upfront payment or a credit check.

Much like rent to own sheds, these structures are offered in various sizes, styles, and with customizable features. If you’re looking for a durable barn for storage needs, secure vehicle or item storage in a garage, or extra living space in a cabin, rent to own offers a solution that balances affordability with convenience. By the end of the payment term, you’ll fully own your own custom-built structure that not only meets your needs but also adds value to your property.

How Does Rent To Own Work For Cabins? 

The rent-to-own process for cabins is designed to make owning your dream cabin easy and affordable, without requiring a large upfront payment. Whether you’re looking for a portable cabin or something fully customized, the process starts with selecting the option that best fits your needs and lifestyle.

Once you’ve chosen your cabin, you’ll enter into a rent-to-own agreement, which lets you enjoy your cabin right away while paying it off over time. Typical payment plans include 36, 48, or 60-month terms, allowing you to choose a monthly payment that works best for your budget. A down payment or security deposit may be required, but many agreements also offer early payoff options, so you can take full ownership even sooner.

How Does Rent To Own Work For Garages? 

The rent-to-own process for garages is just as simple and flexible as it is for sheds or cabins, with only a few key differences. Since garages tend to be larger and more robust, they may come with slightly higher monthly payments or a larger down payment. However, the process itself remains straightforward and accessible.

You start by selecting the size and style of garage that fits your needs, whether it’s for vehicles, storage, or a workspace. Next, you’ll choose a payment plan—typically spread over several years—that works best for your budget. Once you’ve finalized the agreement, you can start using your garage right away while making manageable monthly payments. And just like that, after completing all the payments, the garage is yours to keep!

How Does Rent To Own Work For Barns?

Rent-to-own barns follow a straightforward process that’s very similar to the other structures listed above, with just a few slight differences to accommodate their unique size and styles. Since barns can vary greatly in size, the payment plans and options may differ compared to sheds, cabins, or garages.

To get started, simply choose the style of barn that best suits your needs. Next, pick a payment plan that works for your budget—options often include 36, 48, 60 months or other terms. After making any required initial payments, you’ll begin your manageable monthly payments. Once you’ve completed the full term, the barn is yours to own!

Rent To Own vs. Bank Financing

When comparing rent to own with bank financing for sheds or other buildings, there are a few key differences to consider. Rent to own offers flexibility with no credit checks and low upfront costs, making it accessible for many buyers. You can start using the shed immediately and gain ownership after completing all monthly payments. Bank financing, on the other hand, typically requires good credit and involves a more strict approval process with higher upfront costs. However, this option also typically leads to lower overall costs, and there is a smaller chance of your shed being repossessed. Overall, rent to own is easier to access, but bank financing may save money in the long run. To have all your options laid out for you, talk to your shed builder or dealer for more information and advice.

Should You Choose Rent To Own for Your Shed or Other Structure?

Choosing rent to own for shed or other storage structure can be a great option if you’re looking for flexibility and low upfront costs, especially if bank financing isn’t a good option for you. However, it’s important to discuss your individual needs and financial situation with a shed company like Bald Eagle Barns before you make a decision. These companies can guide you through the available options and help you find a solution that fits your budget and long-term goals. Each customer’s situation is unique, so advice from a professional ensures you make the best decision for you and your family.

Rent To Own Sheds, Cabins, Garages, and More

Now that you have a clear understanding of how rent to own sheds work, you can move forward with confidence knowing that this option gives you affordable, immediate access to a structure that fits your needs. The next step is to explore Bald Eagle Barns’ rent to own options in more detail and getting in touch with our team to discuss your individual situation. 

Whether you need a storage shed, cabin, garage, or barn in Arkansas, we are ready to help you start down the path to ownership. Contact us today and take the first step toward getting your ideal structure!