Why Are Self Storage Rates Increasing
Because the demand for Self Storage Augusta GA units continues to grow, owners of self-storage facilities are able to continue to raise the rental rates improving their profit potential. This state of affairs has made investing in Self Storage Augusta GA facilities more competitive. Investors are finding that self-storage facilities have a healthy return on investment and high occupancy rates. The public has found renting self-storage units allows them to own more items than the storage capacity in their rental units or houses allows.
Why Has The Need For Self Storage Units Increased?
The recession in 2008 forced many people to sell their homes and move to smaller houses or rental units with less storage. Family belongings did not all fit in the smaller living units, so they sought out Self Storage Augusta GA facilities near their new homes to accommodate their belongings. Then, as incomes began to rise, people could purchase more goods, but were not able to purchase that new house yet. They needed to rent self-storage units to store the overflow of belongings. Rental units often do not have storage available for large belongings such as RVs, motorcycles, bikes, and boats. Self-storage facilities offer storage for these items. With the fluctuating economy and job market, some people are choosing to be self-employed and need the storage unit for storage of their product or business records.
What Reasons Do People Have For Renting Units?
Self Storage Rates are low enough so that people can afford to rent units for many different reasons. One common reason to rent a storage unit is to store a student's college dorm furnishings near the college while they go home for the summer. This is more cost effective than getting rid of everything each spring, then purchasing new each fall. Another reason to rent that unit is when a family inherits the household of a family member or friend and needs to store it until they can figure out what to keep and what to sell. Collectors often rent storage units to store an expanding collection of bulky items such as dolls, coins, guns, antiques, or dishes. Apartment dwellers who like to camp or fish on vacation may need to rent a storage unit to store their gear in between uses.
There are many other reasons people need to rent self-storage units and that is why these facilities continue to be a good investment. For more information concerning investing in self-storage facilities, go to the website.