The Cost of Renting a Storage Unit – Is it Worth It?

Are you planning on leasing a storage unit but not sure how much you ought to spend on such services? Well, unless we know exactly where you live and your specific storage needs, we cannot quote a definitive answer. That said, there are some factors that we can consider that should give you a good idea on the matter.

Contrary to popular belief, the amount of storage space is not all that matters. You additionally need to figure in the age, quality, dimension, length of rental time as well as security of your self-storage facility. Higher-end centres will typically cost more in exchange for better service. Likewise, a run down storage facility that is conveniently located near you might be a better value for your money.

So how much do storage units cost per month? In this post, we go over a few aspects that influence the latter. We’ll also look at some of the things that you can do to save money in the process.

The size and location of your storage unit

When establishing just how much a storage unit will undoubtedly cost, an essential factor to consider will be the size. Urban storage systems, as an example, are much more pricey than those in a small town.

Access to an average 10 × 20 storage unit is priced at around $100 a month. Smaller systems can go as low as $40 while bigger ones can set you back upwards of $200 a month.

Where the storage facility is located likewise has a significant impact on storage fees. As a rule of thumb, the busier the area, the higher the storage cost.

Does the storage unit have climate control?

If you are located in an area that is extremely humid or hot all year round, then you might want to consider getting a climate-controlled storage unit. As you can picture, storage units with controlled temperatures cost extra.

How much you ask and is a storage unit a good investment? Well, that varies across different markets. However, climate control storage units are approximately 15 percent more expensive than basic ones. Paying a little bit extra for storage will make sure your essential valuables are not damaged throughout their time in storage.

Storage unit type

There are two primary kinds of storage facilities — interior and outdoor. Outside structures operate much like household garages because each unit has a different door obtainable from the exterior. Indoor structures tend to look even more like apartment buildings, providing one primary entrance to the facility and after that different doors for each unit.

As you might have guessed, indoors systems tend to be more expensive than their outdoor counterparts. Just how much internal storage devices cost can differ based on how convenient it is to access the building. If you desire effortless access, very first or ground floor accessibility is a bit much more costly. If you don’t mind putting in extra time and effort, then you might be able to save some money by opting for an upper-level storage unit.

Security

Security is a positive aspect when it involves self-storage although you need to continually rent from a centre with at the very least some protection in place — the safer and secure the facility, the higher storage fees you can expect to pay.

Rental Arrangement

Cost for renting a storage unit can also vary depending on the terms stipulated in the rental agreement. Leasing a storage unit for a short while (less than six months) typically cost more per month compared to a yearly contract.

Settlements upfront can also give a relatively hefty price cut. If you wish to conserve cash on renting a storage unit, you can arrange to pay in advance and see if there are any incentives for doing so.

 

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