Storage units are a great way to declutter your home and have a safe space where you can keep your extra belongings. For some items, there is simply not enough space in a home. While others are seasonal and should be stored when unused. But, what is the cost of renting storage? Do you need it and does the need to justify the price? There are many great questions and a lot of answers. We’ll explore how much you can expect to pay for your storage unit. And which factors determine the price of storage.
Benefits of renting a storage unit
Before we begin diving into the cost of renting storage, we should talk about the benefits that come with it. Storage is something that almost every home needs. No matter how big your home is, sooner or later you’ll run out of storage. And even if you don’t, having a dedicated off-site space where you can keep your belongings opens many possibilities. Why use precious space in your apartment when you can turn it into something useful? Some of the benefits of renting a storage Ontario are:
- Declutter your home
- Free up space for more useful items
- Safe space for keeping seasonal clothes
- Protect collectible and other sensitive items
What can you store in your Ontario storage unit?
Storage units are a great way to store a wide variety of items. They help you free up space and keep your items safe. Both residents and companies can benefit from storage. When it comes to residential storage, anything that isn’t needed in your home can be stored. Items such as:
- Seasonal clothes
- Old furniture
- Family heirlooms
- Toys your kids grew past
What are different types of units and how do they affect the cost of renting storage?
When it comes to storage spaces, there are a few different types. And the cost of renting a storage unit can greatly depend on the type of storage you select.
The first group of storage units that you’ll find at Number 1 Van Lines is based on rent length. And they are generally separated into long-term storage and short-term storage:
- Long term storage is perfect for storing items long-term. Items such as old furniture or collectibles are just some of the items that people often store for long periods of time.
- Short term storage, on the other hand, is perfect during a relocation. You’ll have a safe space where you can store your belongings until your new home is ready.
Aside from the lease term, you can also separate storage units based on their use:
- Residential storage is used by people looking to store excess belongings in a safe place
- While commercial storage is used by companies looking to store office equipment and furniture
Storage units can also be separated based on their position. There are indoor and outdoor storage units. There’s also even an option for a storage company to bring a unit to your backyard. And leave it there for you to use as long as you need. All of these differences affect the cost of renting a storage
Climate-controlled storage is a special option that you might want to consider. It affects the cost of renting a storage unit, but might very well be worth it. The temperature in Canada can vary widely based on where you are and what season it is. And having a storage unit that keeps both the temperature and humidity inside at a constant level can be a true lifesaver for many items.
What determines the cost of renting a storage unit?
There are many factors that determine the cost of renting storage. Some types of storage units might be ridiculously cheap, while others are quite expensive. And it’s up to you to find the one that works. Long-term storage has many benefits, but you won’t be renting it if you plan on moving out soon. But you might want to opt for climate-controlled storage if you are planning on storing sensitive items. All of these options affect the overall price. But, what mostly determines the cost is:
- The size of the storage unit greatly impacts the price. The more items you need to store, the larger unit you will need. And that can greatly increase the cost of renting storage.
- Location is very important when renting a storage unit. Facilities that are closer to residential areas are naturally going to charge more for their units. While the ones located further away are going to be cheaper. But, it will take you much more time to reach your unit.
- Time determines the price. Long-term storage is going to be cheaper on a daily basis than short-term storage.
- The level of service is another determining factor. Self-storage facilities offer you the freedom of storing items by yourself and cost less. While full-service storage units offer you the benefit of pick-up and delivery but can cost significantly more
- Extra features can also add to the price of the unit. As already mentioned, climate-controlled storage units are great but cost a little extra.
The cost of renting a storage unit depends on your needs
As you can see, there are many factors that impact the price of the storage unit. And the cost that you will end up paying depends on your needs. You need to pick the right size of the storage unit. And while it’s important to find an affordable option, it’s also important not to save on certain things. Having a storage unit located near you can have many benefits. And they can easily outweigh the extra cost of renting a storage unit.
The same goes for choosing a climate-controlled option. It’s vital for certain items, like antique furniture. But it will raise the price. On the other hand, if that means keeping that old armchair in perfect condition, it’s worth it.