The Apopka Orlando Airport (X04) offers a feature to Pilots that is unique: the option of hangar ownership. If you own your own aircraft and live near or frequent the Orlando area, then this article will be of interest to you. You're going to read about all the advantages of hangar ownership and why it is preferable to store your aircraft. By now you know what a hangar is. This aircraft storage unit can protect airplanes, jets, helicopters and blimps from external threats. Aircraft owners must take care of their Aircraft from numerous external factors including inclement weather, human vandalism, oxidation and heavy sunlight with dangerous UV rays. Besides these obvious factors, one cannot discount the threats of theft (stranger things have happened) and minor damage by birds, mice and insects. The latter is very important if an aircraft owner frequently flies from place-to-place, as cleanliness is part of safety and part of a professional operation.
In fact, it's safe to say that if you do not own a hangar your aircraft is going to age rapidly. The paint and exterior will start fade while the components will heat up and cool off according to season and eventually cause some wear and tear on the unit. Couldn't a plane cover do the same thing? A cover could help, but remember that it will also trap moisture and grit. Besides, cover or not, hail damage will take its toll on an unprotected plane.
Building your own hangar offers you several advantages. These facilities appreciate in value, which means you can get most to all of your money back should you decide to sell it. Hangars provide extra rental income throughout the year, which may help cover the initial cost. Furthermore, hangared aircraft always sells higher on the market than unhangared crafts. Do you think you can get a hangar anytime you want one? Don't count on it-most airports have waiting lists for rental hangars. That means good news for you whether you use your hangar for storage or rent it out. Best of all, hangars are relatively low investments when compared to most real estate properties. While it's common to find hangars listed at half a million, you will frequently find deals as low as $200,000 or less.
Besides, you have little to no limitations when building a hangar. You can construct the facility from the ground up. You can actually do more than just store airplanes, perhaps even customizing your hangar with offices, maintenance rooms and restrooms.
The Apopka Orlando Airport is one of the few airports that allow hangar buyers to buy their own land, build their own hangar and keep the entire project for themselves. In fact, in the airport has become so popular that 90% of the sites sold within the first year of the airport opening. The airport was originally platted into 194 separate lots. The City of Apopka also provided water and sewer to the airport so that the individual owners could have the hangar of their dreams. This provided equity as well as protection into an individual's privately owned hangar.
There are also several tax advantages to owning one or more hangars and keeping them as rental properties. The simple logic is: if you plan on owning your own aircraft for years to come it's only practical that you get a hangar to store this very valuable craft. No aircraft owner would risk dealing with uncertainty of hangar availability every few years. For more information on the advantages of owning a hangar, Contact Shana Larson at PrimeSource Real Estate. 407-461-4188 or visit her at www.PrimeSource.net
VISIT THE AIRPORT WEBSITE: www.OrlandoApopkaAirport.com
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