Which Should I Choose Rent To Own Sheds Or Off-Site Storage Units ?

Off-Site Storage Units - A look at storage units and why do people rent ???

What is an Offsite Storage Unit and what does it play in todays world ?

An Off-Site storage unit is a storage space away from ones home or business that can be rented for a period of time typically billed by the month. Storage units are typically housed in row with many other people's storage units.

Recent reports form reliable resources such as the Self Storage Association show that approximately 10% of American households use off-site storage units. This equals about 13.5 million households. The self-storage industry in the U.S generates approximately $39 billion in revenue per year.

Pricing

Storage units are commonly based on square footage and builded by the month. Other factors such as storage location, type of storage, and rental duration influence pricing. Here is a chart with approximate prices of off-site storage units with no climate control.

Rental Duration

Not all sources such as the Self Storage Association and Market research firms agree on the average intended rental or the actual rental duration; however, sources do agree that most renters actually end up renting the storage unit for longer than they intended for. According to common findings reported across multiple studies Many renters intend to rent for only 6-12 months but most renters end up renting for 1-2 years or more.

Rental Uses

Here are some reasons why people may rent an Off-Site Storage Unit.

• Moving and relocating 
• Decluttering
• Storage for seasonal items
• Downsizing
• Collectibles and hobies

Maybe these are just the reasons why you are looking for more storage but before you decide to rent a storage unit let's take a look at what Rent-to-Own is then we will compare the two.

Rent-to-Own - What this is and why should I do it ??

Basic Explanation

Rent-to-own is an affordable way to place get your dream shed in your backyard. It also consists of monthly payments. However, unlike offsite storage services, every rental payment is moving you toward ownership of your own storage building. So instead of paying rent for an offsite storage unit you are paying for storage and buying a new shed all at the same time.Once the payments are finished you own the shed.

Key Benefits

• No large upfront cost.
• This is your most flexible path to ownership.
• Pay overtime for the things you need.
• There’s NO CREDIT CHECK and NO PENALTY for early buyout or cancellation.
• Puts a storage shed in your backyard instead of across town.
• Can be used for workshops or garages while a storage unit cannot.

Pricing

Rent to own terms come in various length 24, 36, 48, or 56 month. Here are a few example sizes and prices without sales tax. If the size that you need is not listed here feel free to Contact Us.

Common Rent-to-Own Myths

Myth #1: RTO Programs are expensive

     Truth: Rent To Own is actually cheaper than renting a storage unit.

Myth #2: My credit isn't good enough.

     Truth: No credit checks needed.

Myth #3: They are legal traps.

     Truth: RTO has a short period agreement period with no early fees to pay off early.

Myth #4: High buyouts

     Truth: When you complete the rental contract, the building is yours at no additional cost.

Myth #5: I won't qualify for the program.

     Truth: All you need is a steady income.

So, how is Rent To Own actually cheaper than a storage unit? Glad you asked. So lets use these numbers: The average 10x15 storage unit can be rented for $135 / month while the average $10x 16 lofted shed Rent To Own payment is $182 / month. While you are paying $135 dollars for a Off Site Storage Unit I can be paying $182 / month for a shed in my backyard. So for the extra $47 dollars a month I will be buying a shed that will be yours once the rental period is complete. Having a shed in your backyard not only saves gas but also time that you spend running to the storage unit to get that one item that you need.

Comparision

Here is a chart that compares the key differences between Rent To Own and Off-Site Storage.

Conclusion

Final thoughts. Chose the long term option !

Although a Off-Site Storage Unit may be the perfect fit for a college student it is not so for everyone. It is a proven fact that most people who plan to rent a storage unit for a short time actually end up renting it for longer than they had initially intended. So why rent a Storage Unit far away when you can rent your dream shed in your back yard and have storage forever ?? Click the button below to apply for Rent To Own today !