Tips on Renting A Storage Unit
The U.S. storage unit market is currently a $48.2 billion industry, which is expected to grow to over $68 billion by 2026. There has been an overall rise in the need for storage units as people continue to accumulate more items that no longer fit in their homes, growth of urbanization; i.e. moving to the city, or they are moving residences or office locations to downsize, and they may have also lost employment and are requiring a place to put their items. (https://www.mordorintelligence.com/industry-reports/self-storage-market)
Storage space can cost $50 as high as $700/month depending on location and size of unit. This is a line item in the budget that over time can become a costly expense for people. Below are a few tips to consider when determining if a storage unit is necessary:
· Go through all clothing items and determine if you will ever wear it again. If it has been a few years, it's unlikely you'll wear again.
· Furniture pieces take up the most space, before they go into storage, determine if they will be suited for the new space. If not, get rid of it or let a close friend or family member "borrow" them until you're ready to utilize them again.
· When renting a unit, make sure you are packing/filling it in the most optimized way. In some cases, you may not need to rent as much space if packed properly. Storage spaces can be stacked up to the ceiling, you pay for that ceiling space, make use of it!
· Determine if there is any other room in the home that can house items like a garage, shed, attic, before renting a space.