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.
If you would like to receive more information on making smart money moves for your future, be sure to contact us today!
