6 Equipment to Invest in When Starting a Construction Business

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If you’re considering starting a construction business, that’s a good choice. The construction industry is booming and shows no signs of slowing down. According to Statista, the estimated value of existing commercial construction in the US as of 2022 was $91 billion. And this number will only likely grow in the coming years.

However, starting a construction business is not a cheap endeavor. In addition to the costs of renting or buying office space and hiring employees, you also need to invest in the right equipment. Construction businesses require a lot of specialized equipment, from heavy-duty vehicles to tools and machinery. Here are some pieces of equipment you need to invest in.

1. Excavators

An excavator is a must-have for any construction business—plain and simple. Excavators are versatile machinery used for digging, trenching, demolishing, and more. For example, excavators can be used to dig the foundation of a building or to clear land. They can also be used to demolish an old building or to excavate a trench.

But excavators are not cheap. A new excavator can cost anywhere from $100,000 to $200,000. However, you can also find used excavators for a fraction of the cost. Just ensure that the excavator is in good condition before making a purchase.

If you’re just starting out, invest in a smaller excavator that can maneuver in tight spaces. As your business grows, you can invest in larger excavators to tackle more significant projects.

2. Backhoes

A backhoe is another essential piece of equipment for any construction business. Backhoes can be used for various tasks, including digging holes, trenches, foundations, demolishing structures, and clearing debris. For example, you can use a backhoe to excavate the foundation of a building or demolish an old shed.

Like excavators, backhoes come in different sizes, so it’s essential to choose one that will be able to handle the projects you have lined up. A smaller backhoe will do the job if you only work on small projects. But if you’re working on bigger projects, you’ll need a larger backhoe that can handle heavier loads. Also, consider the terrain where your projects are located. If you’re working in an area with many hills and rocks, you’ll need a backhoe with good power and torque.

When shopping for a backhoe, compare the specs of different models to find one that best suits your needs.

3. Skid Steers

A skid steer is a way to go if you’re working on smaller projects or need a machine that can maneuver in tight spaces. Skid steers are small but mighty machines that can be used for various tasks, including excavating, grading, landscaping, and more. For example, you can use a skid steer to excavate a small trench or grade a piece of land.

Skid steers are available in both wheeled and tracked models. Wheeled models are less expensive but can’t handle rough terrain and tracked models. Tracked models are more costly but can tackle any terrain, making them a better choice for construction businesses that work in remote or difficult-to-reach areas.

When shopping for a skid steer, consider the tasks you’ll be using it for and the type of terrain you’ll be working on. This will help you choose the right model for your business.

a skid steer releasing dirt

4. Cranes

Cranes are large machines used to move heavy loads, such as concrete, bricks, and steel. You’ll need a crane if you’re working on a construction project involving lifting and moving heavy materials. For example, cranes can be used to lift and move beams during building construction.

Cranes come in different sizes and capacities, so it’s important to choose one that is suitable for the projects you’re working on. If you’re working on small projects, a smaller crane will suffice. But if you’re working on larger projects, you’ll need bigger ones like durable carry deck cranes that can handle heavier loads.

Carry deck cranes are a good investment for any construction business. They are durable and can handle heavy loads, making them perfect for larger projects. Additionally, they are easy to operate and can be moved from one job site to another with ease. Regardless, when choosing a crane, be sure to consider the lifting capacity and boom length to find one that best suits your needs.

5. Forklifts

Forklifts are essential for any construction business that needs to move materials around the job site. From lumber to pipes to sandbags and beyond, forklifts easily transport materials from one area of the job site to another. For example, you can use a forklift to move lumber from the street to the construction site.

Forklifts come in different sizes and capacities, so it’s important to choose one that is suitable for your needs. Also, be sure to select one with enough power and capacity to handle the materials you’ll be moving around regularly.

6. Dump Trucks

Last but not least is the dump truck. Dump trucks are used to haul debris from demolition projects and material from one job site location to another. For example, you can use a dump truck to haul away concrete from a demolition project or haul sand and gravel to a job site.

When choosing a dump truck for your business, pay attention to its payload and towing capacity to ensure that it can handle the materials you need to haul around regularly.

These are just a few examples of essential equipment every construction business needs—excavators, backhoes, cranes, skid steers, forklifts, and dump trucks. Of course, there are other pieces of equipment you may need depending on the size and scope of your projects (palate loader, Bobcat, etc.). But if you have these five pieces of equipment in your arsenal, you’ll be well on your way to tackling any project that comes your way like a pro!

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