Buying a Hangar..

[NT5224]

Im with Bruce. Why insure the hangar?

 

If your aircraft are already comprehensively insured then all you are insuring is a steel shed, maybe some concrete poured on the ground and presumably any tools or bits and pieces within it.  Unless you are worried about third party liability -and that is another story....

 

When I last re-insured my home I was asked if I had an airstrip? I was told (as Jaba-Who also found), that the insurer was concerned aircraft  might 'crash into my house' on landing or takeoff,  and that deserved a higher premium.  My strip is a couple of kilometres from the house through thick woodlands so it would have to be a pretty disastrous landing at the strip to impact our  home buildings... ? 

 

I won't bother insuring my hangar. As long as my aircraft is insured against fire, theft and accident, Im not too worried about what happens to $10,000 bucks worth of steel posts, cross members, sheeting and concrete. Having an aircraft hangared reduces the  insurance premium on the aircraft, whether the hangar is insured or not. In fact,  would hangar  and contents insurance complicate an insurance claim for an aircraft damaged on the  ground, for instance through a hangar fire? 

 

Alan

 

Sorry Jaba-Who, this was written and posted before reading  your response to Bruce

 

 

[old man emu]

Actuaries (blokes who work out the cost of a risk ... to the insurance company) are like WH&S inspectors who require people working in factories where no vehicles are moving to wear Hi-viz clothing - just in case. No assessment of the likelihood of an incident. They only assess the level of adverse effect.

 

Bankstown and Camden Airports have Bellman hangars built in WWll, and the original hangar of the Macarthurs is still there. More chance of their collapsing due to rust than due to aircraft impact.

 

 

[BirdDog]

Jaba-who, do you have the option of NOT insuring ? Some risks are so unlikely that I reckon you should carry the risk yourself.

 

For example, why insure against being abducted by aliens?

 

There are 2 categories where is makes little sense to insure: Firstly, where you can afford to carry the risk yourself, and secondly, where the event is so unlikely that it has never happened except in the imaginings of insecure people.

 

You raise a good point.  I had discussions with my hangar owner who advised that there is no contents insurance on the hangar, so if I choose to leave tools etc, and it gets broken into, then it's on me.  Of course my plane is covered by its own insurance, so it does not make sense for him to cover contents etc.  That would save some coin I guess.

 

 

[facthunter]

I can't see why you would expect him to cover damage to your plane unless the Hangar caused it like a short circuit in the electrics or such..  Aviation is a bit of a magic mystery so all things that can be gouged will be.. Nev

 

 

[BirdDog]

I can't see why you would expect him to cover damage to your plane unless the Hangar caused it like a short circuit in the electrics or such..  Aviation is a bit of a magic mystery so all things that can be gouged will be.. Nev

 

No no!  I never expected his insurance to cover my bird - That's what I pay for.  He was purely advising that if I left any possessions in the hangar and it was broken into, it's on me.  To which I agreed!! 

 

 

[facthunter]

The YOU was anyone. . A general comment.   I should have said any reasonable person or just anyone.  Nev

 

 

[BirdDog]

The YOU was anyone. . A general comment.   I should have said any reasonable person or just anyone.  Nev

 

Ahh!  Gotchya! All good mate.  ?

 

 

[Moneybox]

I dropped into Northam airport yesterday to checkout the facilities and make a few inquiries. It may have been better done on the weekend when the club members were around but it was worth it anyway. I found a nice front row hangar for sale although the owner was still chewing over the price (he only decided to sell yesterday) it may be ideal if i wasn't for the ongoing fees. I forget the exact prices as I was driving at the time so didn't take notes but from memory the Shire rates is about $1150 p.a and the Shire rent for the hanger space is $5250 p.a.

 

That's over $500 a week after you fork out enough to buy the hangar. It was much bigger than I need at 15m x 15m with a bit of unpaved yard space as well however without renting it to PAYING tenants it looks like a good opportunity to throw a lot of good money away fast. I asked the lady how much it would be to rent some floor space for a light aircraft. She said about $300 a month, a much better deal for me, not so good for the struggling hangar owner.

[BurnieM]

$529 per month if you own it.

 

Just confirm rates, rental and anything else is included.

Anything else is probably a requirement for you to insure your plane and possibly a share of the hanger insurance.

 

[Moneybox]

33 minutes ago, BurnieM said:

$529 per month if you own it.

 

Just confirm rates, rental and anything else is included.

Anything else is probably a requirement for you to insure your plane and possibly a share of the hanger insurance.

 

 

That confirms my mathematics talent 🤣 

[kgwilson]

That is expensive. The hangar owners association lease our aerodrome from Crown Lands & the lease per hangar for the current financial year is $1,680.00, or $140.00 a month. That includes rates, PL insurance, maintenance, admin etc with all work done by us volunteers other than contractors for runway sealing, earthworks etc.

[Moneybox]

5 minutes ago, kgwilson said:

That is expensive. The hangar owners association lease our aerodrome from Crown Lands & the lease per hangar for the current financial year is $1,680.00, or $140.00 a month. That includes rates, PL insurance, maintenance, admin etc with all work done by us volunteers other than contractors for runway sealing, earthworks etc.

 

I'm told the Shire of Northam own the airport so they charge rates and lease. The guy selling it was unwell so I got the figures from his wife. I'll get more info later.

[skippydiesel]

On 10/01/2020 at 7:25 PM, pmccarthy said:

A hangar on council ground involves lease and rates payments. And regulations about engineering standards that may make it more expensive. A two-aircraft hangar will cost around $60k at present including labour with a concrete floor.

 

 

The concrete floor is likly to be the single big cost - compacted earth very little. Your $60K is a luxury job, no doubt with power, water, sewage mezzanine living quarters and 2 aircraft with big wing span.

 

I can comfortably fit my Sonex in a space  8 x 8m with plenty of storage room - Kit farm shed, about $8k (delivered) less on special/sale, self erect. 😈

[skippydiesel]

2 hours ago, kgwilson said:

That is expensive. The hangar owners association lease our aerodrome from Crown Lands & the lease per hangar for the current financial year is $1,680.00, or $140.00 a month. That includes rates, PL insurance, maintenance, admin etc with all work done by us volunteers other than contractors for runway sealing, earthworks etc.

How many aircraft can you fit in the hanger?😈

[Moneybox]

1 minute ago, skippydiesel said:

The concrete floor is likly to be the single big cost - compacted earth very little. Your $60K is a luxury job, no doubt with power, water, sewage mezzanine living quarters and 2 aircraft with big wing span.

 

I can comfortably fit my Sonex in a space  8 x 8m with plenty of storage room - Kit farm shed, about $8k (delivered) less on special/sale, self erect. 😈

Yes much bigger than I need because I'll only need space for a vehicle in Northam after I bring the plane to Cue. I just spoke to the LAME. As long as I can finish my flying lessons there in Northam I'll have the plane on a trailer within the next couple of days. I'll assemble it down there and I'm back to flying again. You could easily get four planes like mine in that shed 15m x 15m.

[onetrack]

Moneybox, what's wrong with Bindoon airstrip, instead of Northam? It's a lot easier to get into Perth from Bindoon - and Bindoon has zero crime, unlike Northam, which is full of thieves.

[johnm]

8 hours ago, onetrack said:

Moneybox, what's wrong with Bindoon airstrip, instead of Northam? It's a lot easier to get into Perth from Bindoon - and Bindoon has zero crime, unlike Northam, which is full of thieves.

big paint brush that one onetrack !

 

translation could be: ........................ all the Bindoon theives live in Northam

[onetrack]

Unfortunately, johnm, the stats prove me correct. And I have a number of relatives and friends who have homes and businesses in Northam. Northam is home to a substantial number of criminals, welfare recipients and drug users.

 

Bindoon and Lower Chittering have a sizeable percentage of larger block owners (rural residential) and no "welfare" housing.

 

https://www.microburbs.com.au/Crime-Disadvantage/Bindoon

 

https://www.homely.com.au/suburb-profile/northam-wa-6401

 

https://www.homely.com.au/suburb-profile/lower-chittering-wa-6084

 

The major disadvantage of Bindoon airstrip is it can only used on weekends as Pearce RAAF base demands the airspace during the week for training, as the Bindoon Military Area is nearby, and this area is used for mock aerial attack training, as well as a large area around and N of Pearce, is reserved for RAAF student pilot training.

 

Edited Wednesday at 12:23 AM by onetrack

[Marty_d]

Maybe he's bin doon to Bindoon and didnae like it.

 

Lower Chittering sounds like a town in Midsomer Murders.

[facthunter]

I'd reckon you'd be able to get a house cheap there, the rate people get knocked off... Nev

[Moneybox]

14 hours ago, onetrack said:

Moneybox, what's wrong with Bindoon airstrip, instead of Northam? It's a lot easier to get into Perth from Bindoon - and Bindoon has zero crime, unlike Northam, which is full of thieves.

 

Both Bindoon and Muchea airports are in the Pearce military training area so they can only fly or train on weekends.

[rgmwa]

You may want to consider White Gum Airpark east of York. 

 

YWGM Airpark - YWGM

WWW.YWGM.COM.AU

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AIrcraft Hangar & Accommodation Units

 

Edited Wednesday at 05:10 AM by rgmwa

[Moneybox]

53 minutes ago, rgmwa said:

You may want to consider White Gum Airpark east of York. 

 

YWGM Airpark - YWGM

WWW.YWGM.COM.AU

---

AIrcraft Hangar & Accommodation Units

 

 

Interesting. I just spoke to Andrew at White Gum Park. He has four hangers with accommodation erected and two more in kit form on the ground. They can't be sold as it is a private rural property. It appears he's working in tandem with the White Gum restaurant and caravan park next door. Most likely not suitable for us but I'll drop in for a look. 

[BrendAn]

23 hours ago, onetrack said:

Moneybox, what's wrong with Bindoon airstrip, instead of Northam? It's a lot easier to get into Perth from Bindoon - and Bindoon has zero crime, unlike Northam, which is full of thieves.

i would ask the locals at the northam airfield. i bet they don't have any problems.

[Moneybox]

4 minutes ago, BrendAn said:

i would ask the locals at the northam airfield. i bet they don't have any problems.

 

I'll take my chances. A lot of what goes on in small towns is a bit of rivalry between families. I'm aiming to get there on the weekend so hopefully find some idle hands to help slip the wings on. I really need a forklift to take it off the trailer and I'm not taking mine.