How Much Does an Aircraft Hangar Cost?

Owning an airplane is something that everybody wishes they could have around the house. But only a few of them get to own an active one.

It is by far one of the most expensive assets one can have for themselves. They are very strong and durable in flight, but they are very fragile on the ground.

Every environmental change will take a toll on the lifespan of the vehicle.

Issues such as UV rays or rain can make huge damage on the aircraft. They will do a serious amount of damage to the material and the machine inside of it.

It is sufficient to say an asset like that will need its upkeep and maintenance every single day.

The purpose of the airplane will reflect on the cost.

Several variables are involved in deciding the price of an aircraft hanger.

Some of them are population dentistry, local regulations, tax rates, aircraft type, and many more that will have a high impact on the overall price of an active airplane hanger.

The rental cost will also vary depending on many factors. Some people age their work scheduled for them, where each second matters to the executive. They rather take 20 minutes from their aircraft hangar than sit through 60 minutes commuting out of the metro or other form of transportation.

How Much Does an Aircraft Hangar Cost?

The cost of the airplane hanger boils down to hanger design. Here you have two choices: either rigid-frame or arch-frame.

Size also matters here, a small aircraft hangar will measure around 20ftx20ft and it can even go up to 40ftx40ft. If you’re selecting a rigid frame, then it is going to cost more than the other. You are looking at a 25% increase in cost if rigid structures are chosen.

If the hanger size is 80ftx80ft, then the price of arch frame installation will be at $40000 to $50000. Installation of a rigid frame on a 100ftx100ft hanger size will go upwards of up to $70000. Rigid frame on a 300ft x 200ft hanger costs $410,000 to $480,000.

The price for rigid frames is always higher compared to the arch frame. The most mentioned above are not 100% accurate; various online sources project these numbers on the airplane hangar cost.

What affects the cost of the Aircraft Hangar?

If the basic foundation for the aircraft hanger differs from the customized look, you will have to face a much higher cost at the end.

More additions also result in higher costs, such as heating, air conditioning, drainage, plumbing, and electricity.

All of them will raise the upkeep price of the place by a lot.

Adding more value to the customization will also raise the overall installation price for the hanger. The more facilities you will add to the hanger, the more money you will have to spend in return.

Some costs are sensible. One of them is insulation, which comes with an extra cost since it lowers the amount of money you will spend on heating and cooling.

However, it also does an excellent job of providing soundproofing for maintenance.

Size of the hanger

The size of the hanger will reflect the size of the plane and how many of them you want on your property.

If the hanger is supposed to carry multiple corporate planes, you can skip the space inside for cars and switch to a small area for parking.

But if you fly for recreation, then you will need enough room for one aircraft and car.

The smallest hanger on the list is 20ft x 20ft. People should know that the price per square foot usually drops when selecting a larger space.

A Hangar is supposed to store the plane and maneuver each aircraft into and out of the building without colliding with other planes, doors, cars, and other items.

The size of the plane matters, so it will help you decide the size of the aircraft hanger.

A decent size hanger will be needed to meet the requirements of an airplane. If you decide to get a larger one later down the road, then having a larger space will be very helpful on your journey.

That will save a lot of money looking for new space, building a new hanger from scratch, or expanding on the previous build.

Land Value

Location is another key ingredient that will affect the lease price or purchase price.

Here you can either go with an airfield with cheap rent or land lease in the middle of a high real estate value area.

The chances are you will suffer from poor quality and limited after-hour support. On the other side, you have an expensive airport with good air traffic control facilities.

Here you will gain regular on-site security patrols with CCTV camera functionality.

The location plays a crucial part; if the support does not provide 24×7 security support and access to planes, you can check out that deal.

Lack of security will result in high break-ins that will be related to higher insurance premiums.

These are little things that will end up costing more in the future. That is why it is recommended to switch to an expensive airport with good air traffic control and all proper features to provide better safety in return.

Renting Vs Buying a Hanger (What is the Best Option?)

One of the better alternatives to buying a hanger is renting one instead.

Here you will gain plenty of advantages and at the same time a list of disadvantages as well.

Rending can lead to a short period of the leash. If you plan to store the plane for a shorter period without wasting too much money, renting will appeal. And it makes perfect sense to rent a hanger, as most airfields have different rental hanger spaces suitable for all aircraft and their maintenance facilities.

If you have one aircraft ( like Gyrocopter, or Seaplane), then renting might be a viable option compared to owning multiple aircraft.

Here long-term leash might be the best solution. People with one plane generally share the hangar with another owner.

Many recreational plane owners use This method to cut the bills.

Storing them in a private hanger will result in damaging the other planes or your plane might get damaged in return.

Private space will bring in more safety for your plane as it will not contact any other plane.

But the it lead to high bills at the end.

Some airfield facilities include the fee for security, traffic control, and other maintenance or upkeep fees within the rental fees.

That will not be the case for all the airports that provide this line of service. Some of the mail charge you monthly for the number of times you store the plane.

Choosing the right facilities is also difficult but it will save you plenty of money on hangers.

Purchasing an Aircraft Hangar

Buying one is the right solution if you want a hanger for your own. If you don’t like the look of other hangers, then you can create one customized look that appeals to you and the airplane.

One of the key advantages of owning a hanger is that you will not need permission from anyone else. You will also have permission, and no one will interfere.

Here you will also face a set of problems that were not present in the renting arrangement.

You will also choose the location that seems to fit you. As long it is available you can buy it without any problem.

But there are disadvantages to buying if you are constantly moving your house from one location to another.

If the hangar is not near your city, you will need to pay additional money to upkeep a place that you will not frequently be using.

Here, the only options are to hire a contractor, dismantle the entire hangar, and build another one close to your home.

Another problem occurs if the plane spends most of its time outside than inside the hangar. If that becomes the case, you are paying additional money to cover the expense at another location.

Renting space at the airport will not come cheap; planes used for business purposes can be written off as extra expenses under the tax.

Conclusion

Aircraft hangars will not come cheap by any means. However, it is one of the luxurious assets an individual can own in their life. Time is crucial. You will need a vehicle fast that will take you to your destination without wasting time. Both renting and buying a hanger provide a wide range of possibilities to the airplane. Both of them have their set of advantages and disadvantages. It is up to the people to decide which one lands in their favor and saves money in the long run.