I own my own hangar and think the benefits outweigh the costs for me
I used to have my plane in a shared hangar and it cost me bugger all but the thought of damaging someone else’s plane or even worse to me would be to get accused of damaging it and not having done so used to give me an uneasy feeling.
I built my hangar for MY convenience and MY piece of mind. I like to shoot out to the airport after work on a nice evening and just go for a fly if I feel like it ( the joys of county living and a close airport ) where as before my plane would be behind others and it just felt to hard for what I wanted to do (20 min moving planes for 30 mins flying ) lazy maybe.
I have plenty of room 15m x 15m hangar for a J160 Jab, can even do the run ups in there if I want and no other planes rent any space and I don’t want them on a full time basis either for the same reasons mentioned above. Plus I refuse to take out insurance for other people’s planes in my hangar for the same reason Poteroo states above its to bloody expensive for the return to me.
It may not suit everyone to own there own hangar but for me it is worth the expense for convenience and piece of mind.
Regards
Stewy