In many instances, self-storage units can pay for themselves over the long run. They can help you save costs in many different ways while also providing sufficient space for your belongings. From homeowners to small business owners, people traveling for work or education, self-storage can be a huge money-saver for anyone looking for extra storage space.
If the upfront cost is the only reservation you have about self-storage, you might want to reconsider after reading this piece.
Here are some ways that self-storage can help you save up on costs (or even make more money).
Minimising Moving Cost
Moving can take quite a lot of time and money to plan and execute. If you don’t have the luxury of planning your move well ahead of time, you might find yourself stuck with expensive options like hiring removalists at the last minute.
On average, removalists can charge thousands of dollars per move. And if you don’t have enough time to look around for the best housing option, you might have to settle for more expensive accommodation.
However, self-storage gives you greater control over your moving plan. You can move your things into a self-storage facility close to your old location and then move to your new location at your own pace.
A self-storage unit may be a fraction of the cost as you move on your own slowly over weeks or months, saving you possibly hundreds or even thousands more from the cost of hiring removalists.
Reduce Your Rent
Rent has been constantly on the rise in many major cities and towns. Renters planning to downsize can benefit a whole lot from self-storage.
Self-storage allows you to downsize and reduce your rent conveniently without having to part with your precious belongings.
You can keep all your belongings for as long as you want while paying lower rent. You won’t have to sell things that’ll you’ll end up paying a whole lot more to have back.
Create More Space For Rent
Homeowners looking to ride rising rent costs can free up more space in their homes to rent out using self-storage options. You can move things from your garage or spare bedrooms to a self-storage unit that’ll cost just a fraction of what you can charge for those rooms.
You can rent out those spaces to Airbnb users, tourists, or even students in your locality. If it’s in a highly trafficked business district, you rent out to businesses at an even higher rate compared to residential tenants.
Cheaper Warehousing for Businesses
Business owners can minimise the cost of renting commercial space by storing their inventories, archived files, equipment, and other valuables off location in storage facilities at a much lower rate.
Self-storage can also help businesses scale up their operations at a much lower cost, enabling them to expand their inventory without having to pay for extra commercial space.
What’s more, some self-storage facilities allow businesses to set up distribution centers and meeting venues in their self-storage units. For a fraction of the cost of commercial space, you can have extra meeting venues to bring your services closer to your customers across many different neighborhoods. Contact your nearest Storage King location to speak with one of our Storage Consultants for more information on how Self-Storage can benefit you.