Depending on different factors, your storage expenses can vary significantly. This article will explore some of the most important factors that determine the cost of the rent and what you can do to reduce storage rental expenses.
Know what factors determine storage rental expenses
You know what they say – knowledge is power! If you want to reduce storage rental expenses, you better equip yourself with the necessary knowledge about factors that determine the cost of a storage unit. There are quite a few factors, and we are going to explore all of them today. However, you should keep in mind that not all factors are equal, as some affect the cost more than others.
Here are some of the critical factors you have to take into account when calculating the cost of a storage unit:
- The first question is how big you want your storage unit to be? Obviously, the bigger the unit, the more you’ll have to pay for it.
- Also, the location of a storage facility is essential. This might be one of the most important factors when it comes to the price. In no universe is a storage unit in the middle of New York going to cost the same as one in Nevada.
- The third factor is whether you want to rent full-service storage or a self-storage unit. Differences between those two are significant, and we will explore them later.
- Also, you have to check if you need a climate-controlled storage unit. Storage units with climate control are superior, but not all belongings need to be in such environments.
- Long-term storage is less expensive than short-term. This difference can be quite significant, depending on the contract and the facility itself.
- In the end, if you wish your belongings to be secured with high-tech anti-burglary systems, you’ll have to pay more. This can be useful for the belongings you can’t afford to get stolen, but that can do a significant blow to your pocket.
How big do you want your storage unit to be?
So, the first question is – How big do you want your storage unit to be? This cost-determining factor is the easiest to grasp. The bigger the storage unit, the more you have to pay for it.
If you want to save money, try to jam-pack your belongings in a smaller storage unit if you can.
However, a bigger unit does not necessarily mean that you’ll be bankrupt due to rent. For example, many businesses find it more cost-effective to get a large storage unit than to have a few square feet more of the office space.
Self-storage unit or full-service storage
Full-service storage means that workers will pack your belongings at your home and transfer your belongings to the storage unit. They will pack your stuff professionally, and you won’t have to do anything on your own. However, for those services you are going to pay more.
Self-storage is the opposite. You have to pack your belongings and transfer them to the unit yourself. However, you’ll spend less if you choose this kind of service.
How long will you be renting a unit?
Maybe the most important factor that determines the cost of a storage unit is time.
This depends on a contract you’ll make with the storage company. If you want to have a storage unit for a longer time, you will sign a long-term contract. Conversely, if you’re going to pay just for a couple of weeks or months, you will sign a short-term contract. Of course, you will pay more for short-term storage solutions.
But, the quality of service is important, whether you choose a short-term or a long-term storage solution. This is why you have to be well informed and choose only reliable storage facilities. This way, you will avoid unpleasant surprises and hidden costs.
Climate-controlled vs. non-climate-controlled storage units
Some items need to be in climate-controlled environments at all times. However, for that kind of service, you’ll need to spend more.
Climate-controlled units are an excellent solution for things like important documents, wooden furniture, machines that mustn’t overheat, items made of rubber, and so on. In some locations and environments, a climate-controlled unit is a must. Mid-west is notorious for its high temperatures, and in this case, you will not have a lot of choices.
The location of the storage unit is one of the most influential factors that affect storage rental expenses
Of course, there is a big difference if the storage unit is in the middle of a heavily populated city and a desert-like environment. It is always better to have a storage facility near you, but you’ll have to pay more for that luxury.
If you find yourself in a situation having to choose between storage in the center of a city and one on the outskirts of it, do a cost-benefit analysis. Simply put, you have to have the power of budgeting within you.
If you need to use your unit regularly, it might be a better idea to pay more than to travel every day to a far-away storage facility. You might even spend more on transportation than on rent.
On the other hand, if you need a place for the stuff you rarely use, you can get a storage unit somewhere further away and cheaper.
A storage unit with extra security can seriously affect your storage rental expenses
And the last factor is the security of a facility. Storage facilities are rarely broken into, but it can happen. However, if you want peace of mind or need to store items you cannot afford to lose, you better pay for a storage facility with higher security.
The term higher security means different things for different people. Still, this means that the storage facility has more modern equipment and more human security than an ordinary facility. And as we said, this won’t do much to reduce storage rental expenses.