Storage Unit Cost: What Affects the Cost of a Storage Unit
If you wish to rent a storage unit, the first thing that most people are concerned about is the price. Although there are many factors you need to assess when choosing a storage space, the price stands out as the primary determinant. The price of the storage units will also vary depending on factors such as the unit size you want. This article will explore factors that affect the cost of a storage unit.
The location of the storage unit affects the price set by the storage facility. Before renting a storage unit, it’s crucial to consider its location. Most storage facilities near the town are expensive due to their proximity and accessibility. You can consider renting further from cities if you want to save money on a cheap storage facility. However, you need to consider the moving cost to ensure that the expenses are considerably lower.
- Size of The Unit
The unit size is another thing that affect the price. The storage unit size varies from small containers to mega warehouse sizes. When choosing a storage space, you need to evaluate the items you want to store to know the size you need. Additionally, most facilities will often offer discounts per square foot as it gets bigger. You might be tempted to take a big size since it sounds cheaper, but the overall amount for every month will be high.
- Replacement Value
Irrespective of the storage facility, there is often a risk that your products can get stolen or damaged. That is why you must consider insuring your goods to avoid losing everything. Most storage providers can ask you to use their insurance policy or provide your own. It’s crucial to consult with your provider to know the items you can store and those that you can’t store. Most providers forbid you from storing things like watches, jewelry, perishable items, and plants. If the provider does not have insurance, you will have to pay an extra amount to insure your goods to avoid loss.
- Length of Stay
The total amount you use on your storage unit will also depend on the length of time you intend to store your possessions. Most storage facilities will have a minimum amount of time that you can store your items. You should note that the longer you intend to use the storage unit, the more money you will have to pay. However, you can look for facility providers that offer discounts and loyalties for long-term stays.
- Security of the Place
Most time, you will be required to pay more in the highly guarded facility. Such a facility will offer storage for precious items that require tight security. The security measures will include 24-hour security, a CCTV system and security guards who are well trained. Some items without tight security might be cheap, and the things you store should not be high-quality, such as jewelry. Depending on the type of items you are storing, ensure they have suitable security measures to avoid losing your valuables.
The above are factors that determine the price of a storage facility. Research and compare the prices and services of different storage facilities to get the best. Also, ensure your items are insured to avoid loss in case of damage or theft. Additionally, look for a facility you can afford to avoid getting stuck.