Diversifying your investment portfolio to include alternative investments are a good way to make the most out of your resources. Many investors are thrilled about alternative investments because unlike traditional ones, it reduces exposure to volatility with a possibility to generate more income. Note that alternative investments are tangible investments like precious metals, real estate, gemstones, art, wine, hedge funds, shipping and many more.
Investing in shipping is relatively new but it presents a good opportunity. Shipping containers are in demand these days. Think about it: about 90% of the global trade is moved worldwide with the use of shipping containers. Shipping containers secure the goods and commodities to be transported. It is made of sturdy material like corten steel. This steel can survive any conditions that can compromise the integrity and quality of transported goods.
If you are looking to buy a container, you should know different things about it. Choosing the right one is overwhelming because there are many options available. If you are not sure what to consider, here’s a quick guide to help you decide:
Choose container sizes
The first thing that you should consider is the size of the container. In terms of sizing, you need to know two things: length and height. The standard lengths of storage containers are 20 feet and 40 feet. There are also 10 feet, 24 feet and 45 feet containers that you can consider depending on the needs of the market. The standard height of shipping containers is between 8 to 8.5 feet.
Inspect shipping containers
When buying, it is critical that you inspect the containers to guarantee that it has the best quality in the market. The shipping container should be sturdy, heavy and watertight. These things are important to ensure that goods and products stored inside are preserved. When inspecting, check the exterior walls first. Look out for rust streaks. Remember that rust is an indication of damage. You should also check the roof and upper rails. The roof should not be dented. If it is dented, water pooling will ensue and apparently rust compromising the structure of the container. Do not forget to inspect the doors and see if it opens freely or secured with the locking mechanism.
Ask for other features available
Normally you do not need other features when you are thinking about leasing it to other clients or companies for storage from one port to another. However, if you are thinking about using containers as an extension of your space, you should look for features like roll-up doors and installed HVAC units with watertight doors.
Ask the price of the shipping container
Like what you do when you buy something, you set a budget. Make sure that you know the market value so you can set the budget. The price should be within that range. If costs more, it is time that you look for other sellers.
If you want to lease it, you need to look for a company that can manage like davenport laroche containers. The company will handle the lease/usage fee for you.