Metal garage help

[BDFabrizio]

I've tried searching for previous posts on this subject but haven't been able to find exactly what I'm looking for. I'm sure it's been asked thousands of times and for that I apologize.

I recently bought a house in south Mississippi that doesn't have a garage. It was an awesome deal and I've got a ton of equity in the property (nearly 50k). My dilemma is that I need a garage/workshop to hold all my tools and project cars. currently all my stuff is piled into one of the spare bedrooms.

My plans are for a 30x40x12 shop with one big bay door and one walk in door. I do have plans of installing a lift at some point so that makes a minimum of a 4" slab necessary. My budget is roughly $15-20k.

What's the best way to secure funding? Home equity line of credit, or a personal loan? I'm honestly not sure how that all works. Could I set a 5 year loan like you would with a vehicle? Also, is 15-20k a realistic price for a metal building like I want? I've seen kits for anywhere from 7-11k. I figure 3 or 4k for a slab and another 2 or 3 to have it put together. I'm sure having it wired will be expensive.

I'm really just looking for some opinions of people who've done what I plan to do and what to look out for.

 

[Typo41]

I am just finishing a 30 X 40 metal in SoCal. The building was about $13,000.00 but the slab was an additional $12,000. I went with 14 foot sidewall as it was only a few hundred for the height for future lift. My construction was a modified metal post and beam not the 'red iron'. It took 2 guys, with some help from homeowners, 3 weeks to install.

I will 'lose' about a a third of the floor when I build my office and inside work rooms, lathe, fine welding and a urinal. I have a land speed vehicle that has to be kept inside, the other two will have to brave the terrible SoCal weather, along with the hot rods. Here the weather is just above mild so I was not so worried about building insulation, but I did have the roof done and I think it has paid for it's self as even in our 100 degree summer it was still decent inside.

I just got power to the building and I ran out of money for a 'professional' to finish so I will do my best with help from a friend that went from slinging wire to an Engineer for the State.

Do over? A little larger foot print as by the time of the size I have it would have been a few dollars more. And be sure to have an apron poured in front of your doors at leat 10 feet and when it come to concrete you are paying more for the setup and finish then the material, so a half of a truck is only a couople of hundred more and the set-up and finish cost will be the same.

 

[BDFabrizio]

Thanks for the suggestions! Why was the slab so expensive? From what I can figure and using prices I've found online, just in materials alone I'm looking at roughly $1500-1750 for 16 cubic yards of concrete plus additives. Truck setup and fees look like roughly another $250. I was guessing maybe another $1000-1500 for someone to actually spread, level, and smooth the slab. Am I missing something huge or was there some other major work done to your slab?