The Real Math Behind Renting a Storage Unit

Often, we buy or rent out of necessity, however when it comes down to considering the actual cost of our decisions, we don’t calculate the final numbers. The same is true when it comes to renting storage.

The Current State of Storage

Americans own more “stuff” than ever before and therefore we are renting more storage units than ever before. According to a recent Yahoo article, “America spends over $10 billion a year on off-site storage”. Why? Our homes are overflowing with clothes, décor, yard equipment, and all our belongings that are important for us to hang on to over the years.

The Cost of Renting Storage.

When you run out of space, the first thing many people consider is renting a storage unit. Let’s be honest, the storage rental industry is booming, with a large building on almost every corner of your town. Many of these units are even at max capacity, driving up the demand for renting. Based on recent data there are over 1900 storage facilities in North Carolina alone. In most areas a large storage unit in NC rents for $170 – $280/month, not including upgrades or climate-controlled units which add on an additional $50 – $70/month. These prices are even higher in large cities like Raleigh, Charlotte, and Wilmington. Storage units also continually raise their fees to meet market demands, generally every 6 to 12 months or when your lease has expired. Most hikes normally range from 5 to 10% each interval with no end to a cap in sight.

The Price and Benefits of Owning Storage.

In addition to being inconvenient (after all, who wants to run across town in the rain when you need your Christmas decorations?), renting a storage unit often costs MORE than owning your very own shed. At Hometown Sheds we make it easy to get the storage you need now, at the payments that you can afford. And the best part is that with our rent to own agreements you will have final ownership of your new shed at the end of the contract. For the same price, or often even less, than renting a storage unit, your payments can go towards a custom shed only steps from your very own back door.

Renting to own requires no credit check and allows for fixed monthly payments each month without a large upfront cost. This is a fast, simple path to ownership instead of throwing away your rent month after month, you can invest and own your shed for many years to come!

Owning your shed is easy at Hometown Sheds. Simply shop from our inventory or build your own shed, customizing it to your needs as you go, complete simple paperwork to choose the payment that best works for you, and set up delivery (included in many areas*) then get started enjoying your very own storage.

Stop driving across town and wasting your rent each month. Contact Hometown Sheds today, shop online, or visit one of our locations to see how owning your shed really is an affordable and realistic choice for your needs!