You’ve likely heard over the past few years how the cost of rent has increased – homes, cars, apartments and yes, self storage. Self storage may seem like the obvious choice when you need somewhere to store all your belongings, but when you look at the numbers you may be surprised.
At first glance self storage seems affordable due to introductory rates and low monthly fees. However, as shown below, one customer in North Carolina began with what he imagined was an affordable storage option only to have his rate slowly increase month after month for over a year. He sent us actual screenshots from text messages received regarding his 10X20 storage unit. The first payment was only $24, although they were quite clear that the first regular monthly price was $214. But after three payments, the price went up to $237. After eight more payments, the price increased to $274! It went up again after nine months. In less than two years, the price went up 43% to $307. The rent is $3687 per year! The clincher is that a new renter is still charged $237 – for the same unit type and size. And yes, we called to check.
You may wonder if you’re renting storage what your options really are. At Hometown Sheds a one-time investment of $3687 will purchase a 8X12 wooden or metal shed, or for a similar monthly payment you could rent to own up to a 12X24 barn!
Sometimes, as in the case of this customer, renting just doesn’t add up. Why spend your hard earned money month after month renting with nothing to show when you could invest and OWN a shed or building from Hometown Sheds. Our local professionals make the process easy, showing your options, fixed monthly payments or other financing options to work for you. Call or stop by today and see why self storage just doesn’t make sense.