Are you looking to buy a self storage unit? If so, you’ve come to the right place! In this article, you’ll find a comprehensive guide to help you navigate the different types of storage units available across the country, the features to consider, and tips for making sure you get the best deal for your money. With this guide, you’ll be an informed storage unit buyer in no time!
Before we go any further this article won’t be talking about individual storage lockers. You’re probably thinking about the show where people try to find storagetreasures that usually happen with storage auctions but this article will focus on the entire storage facility. If you’re looking to purchase storage lockers check out various different online storage auctions that sell the contents to the highest bidder.
What is a Self-Storage facility?
Self-storage facilities offer customers a secure, convenient, and flexible way to store their personal belongings. These facilities are typically large warehouses with individual storage units that are rented out to customers on a monthly or yearly basis. The size and features of each unit can vary and customers can choose the unit that works best for their specific needs. Customers can access their units during the facility’s operating hours and have peace of mind knowing that their belongings are secure within the facility.
There are 2 main types of Storage Facilities, indoor and outdoor and some even have a combination of both.
Benefits of indoor Self-Storage:
Indoor storage facilities provide better climate control, more security, and more convenience than outdoor storage facilities. Customers can access their units at any time during the facility’s operating hours, and they also have the peace of mind that their belongings are better protected from the elements. Additionally, indoor storage facilities typically have additional security measures such as security guards and surveillance cameras.
Benefits of Outdoor Self-Storage:
Outdoor storage facilities provide more space and flexibility than indoor storage facilities. Customers can typically store larger items such as furniture or cars in these units and they don’t have to worry about accessing their units during the facility’s operating hours, since these units are accessible at any time. Additionally, these facilities are usually more affordable than indoor storage facilities.
Why the overall size of the self-storage facility is important?
The overall size of the facility is also important because it determines the number of storage units available and the variety of sizes. A large facility will usually have more storage units than a smaller one, which means customers have more options to choose from. Furthermore, many large facilities offer a range of sizes, from small lockers to large garage-sized storage units, to accommodate a variety of storage needs.
If you decide to purchase a self-storage facility that sits on land that is being unused it could be a great opportunity to continue to build more self-storage units on the property increasing your ROI.
When shopping for a storage unit, there are several important factors to consider. Most storage facilities offer units on both an indoor and outdoor basis, and customers should choose the type that best meets their needs. Additionally, the size of the facility itself is important, because it determines the number of units available and the variety of sizes. Additionally, if the facility is located on a property with room to expand, customers may want to consider purchasing a self-storage facility that can be expanded in the future to increase their return on investment.
Why is location important?
When selecting a storage unit, location is an important consideration. Not only is it important to make sure that the facility is easily accessible and close to where customers live or work, but it can also affect the security of the facility. You need to make sure you pick an area that has a large population or at the very least grows each year otherwise, you might not have enough customers in the area. Additionally, be sure to check with the local municipality to make sure that the facility is up to code and that there are no zoning restrictions that could prevent you from running the facility.
Also, make sure you check out your local competition and see how much they are charging for each storage unit in the area. This will give you an idea of what price range you should consider when setting up your own storage unit facility. Finally, be sure to research the safety and security measures in place at the facility before making a decision.
Do you need climate control in your storage unit?
Whether you need climate control in your storage unit depends on what items you will be storing. If you are storing items that are sensitive to heat, humidity, or extreme temperatures, such as artwork, musical instruments, electronics, or furniture, then climate control is recommended to protect them. Climate control helps to maintain a consistent temperature and humidity level, so your items are not damaged by fluctuating environmental conditions. If your items are not sensitive to temperature and humidity, then climate control is likely, not necessary. Depending on your facility and location you may or may not be offering this kind of service, just keep in mind if you are not then most likely your competition is offering it.
Does security matter to you when choosing a storage unit?
When it comes to choosing a storage unit, security should be a top priority. No one wants to risk their belongings being stolen or damaged, so it’s important to find a storage unit that has effective security measures in place. Look for units that have 24-hour surveillance, alarmed locks, and reinforced security doors. In addition, it’s a good idea to ask about the security protocols of the facility, such as access policies, visitor logging, and employee background checks. Taking these steps can help ensure that your items are safe and secure.
What features do you need in a storage unit?
When choosing a storage unit, it’s important to consider your specific needs. Here are some features to look for when selecting a storage unit:
• Accessibility: Do you need 24-hour access to your unit? Are there any restrictions on days and hours when you can access your stuff?
• Security: Do you need a unit with a lock and alarm system? Are there any cameras or other security measures?
• Size: What size unit do you need? Some units are climate-controlled while others are not, so make sure you select a unit that fits the size and type of items you’re storing.
• Cost: What is your budget? Storage units come in a variety of sizes, so you’ll want to make sure the unit you choose is within your price range.
• Climate Control: Do you need a unit that’s climate-controlled to ensure your items are protected from extreme temperatures, humidity, and other environmental elements?
These are just a few things to consider when choosing a storage unit. By taking the time to evaluate all of your needs, you can be sure to select a storage unit that best suits your requirements when looking to purchase a self-storage facility.
Benefits of buying a self-storage facility that needs updating
Buying a self-storage facility that needs updating can be a great opportunity for investors. Firstly, it’s likely to be cheaper than purchasing a newer facility, so you can save money upfront. Additionally, it gives you the chance to customize the facility to your exact specifications. You’ll also be able to get a better return on your investment, as you’ll be able to raise the rents and offer storage features that the competition doesn’t have. Lastly, you can benefit from being the first to offer certain amenities in your area, such as climate-controlled units, drive-up access, and more.
In conclusion
When buying a storage unit, it’s important to consider all of your needs. Make sure to research the features offered at the facility, such as access policies, security measures, and climate control. Additionally, if you’re looking for a bargain, buying a self-storage facility that needs updating can be a great option. Now that you know what to look for, you can be sure to find the perfect storage solution for your needs.
Philly Home Investor is a full-service real estate investment company that buys both residential and commercial properties nationwide in any condition. if you’re looking to sell your storage facility let Philly Home Investor make you a cash offer on your property today. Regardless of size and condition, we’ve helped many sellers sell their commercial properties quickly and easily.