Shed – eye for detail.

Posted on : October 14, 2012

Sheds come in different types

The majority of sheds sold today in Australia are of the portal frame design and the components are what is called cold rollformed. But there are two other important types of shed construction that is becoming more popular, the structural steel frame and the stud frame sheds. This is a quick rundown on the three different types:

 

1. Cold rollformed portal frame shed.

This is the most common type of shed and is normally supplied pre-engineered and in a kit form. The main structure (called the portal frame) consists of rolled purlins, girts, batton, top hat and brackets. The cladding and flashings are common to all types.

 

Portal frame showing apex and knee brackets

Portal frame showing apex and knee brackets

As you can see the basic prinicple is that all the purlins (both rafters and colums) consist of cold rolled C section joined by fabricated brackets that bolt each assembly together. The roof and wall members are added once all the portal frames have been stood. This is a very efficient system that can be transported easily and assembled on site with minimal tools. 

 

2. Structural fabricated steel shed.

 Nearly the same engineering prinicple as number 1 – except all the colums and rafters are from hot rolled section such as H section, I beam, or C channels with welded cleats and joiners on all ends. All other components are normally the same. The advantage of this type of design is for larger spans especially used in large warehouse constructions and normally over 18 meter width.
Structural steel is a bolt together design with heavy structural steel

The structural steel is heavy to transport but does allow faster erection and extremely high strength joining system. All the other components are very similar.

 

3. Steel stud framed sheds.

 Now this is completely different to the above two. It is identical to the steel stud framing used in housing and results in a very strong overall construction. The walls and trusses are all prefabicated in sections and simply stood on site and then clad. The advantage of this system is the ease of which you finish the sheeting internally and is the reason it is gaining popularity. 

Steel stud frame shed

As you can see there are no colums protruding into the interior and all window and door penetrations are done at fabrication stage. While slightly more to transport – the erection time is greatly reduced and the finish (interior) allows much cheaper cladding solutions. It can be treated in the same way as a normal house frame. 

 

Not all sheds are the same, and to ensure you obtain one that suits your purpose contact Shedeye.

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Interest Free Shed and Garage Prices

Posted on : March 16, 2011

Interest Free, the joke is on you!

In Summary

  • There is no such thing as interest free finance; the finance company will make money on any deal.
  • You are paying at least 7.8% interest and you are paying most of this upfront.
  • If you pay one day late outside of the fictional interest free period you are up for up to 27.8% interest
  • If you are extremely disciplined and pay off the loan in full before the fictional interest free period is over, then it is actually quite a reasonable interest rate.

The details

There is no such thing as interest free when buying sheds and garages, and in fact it is beyond Shedeye’s comprehension how this practice is allowed, given our strict Trade Practices Act.

The interest free deal is touted by many of the major shed companies in Australia and is little different to the tactics that major retailers use.

The first thing you need to understand is that you can usually only get finance for the Shed Kit price, as the cost of erecting the shed, the slab and site preparation is not covered.

Let’s say you are offered a $5,000 shed kit price and the Shed distributor is offering this as a 12 months interest free deal. You are definitely paying interest, and in fact you are generously paying the interest up front, and here is why:

  • The distributor has to pay a “Fee” to cover the interest free period of approximately 5%-6% for the total 12 months upfront. In dollars this means approximately $239-$284 paid up-front.
  • There is a $65.00-$120.00 “Establishment Fee” paid up front to take out the loan.
  • There is a $5-$7 “Monthly Account Keeping Fee” for the duration of the loan.

Does this look interest free to you?!  This equates to an additional $364 to $488 on top of your shed price. This means that the distributor will charge you this amount to cover their costs and label it interest free.

You should have been able to get the shed for a price of $4,522 – $4,646 without signing up for the interest free DEAL! To put it another way, you’re paying between 7.8% and 10.8% on top of the price of your shed.

There is no such thing as an interest free period, you simply pay more for the shed!

As far as getting finance for your sheds, garages or carports, this is the second cheapest option after drawing down on the equity in your house. However, if you do not pay off the entire balance of the loan before the interest free period lapses, you’ll have to pay approximately 20% interest on the entire outstanding balance (the same way credit cards operate). For example, if you pay off the balance on the first day AFTER the 12 months interest free period expires, the shed will now cost you $6,000.00 and you would have paid a massive 27.8%-30.8% interest rate.

If you don’t plan to pay the loan off within the interest free period, you must consider different options. In order of preference, redraw on your existing home loan, get a line of credit for any property you have or take out a personal loan, secured if possible. If all of these are out of the question, then do not buy the shed!

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