Is the cost of keeping your items in storage worth more than the items?
by Cheap Cheap Team
Wednesday October 11th 2023
Are you among the many people who have rented a storage unit, filled it with stuff, and then forgotten about it?
You're not alone. Many people rent storage units with good intentions but pay monthly fees for years without ever accessing the items inside. If you're guilty of this, it may be time to clean out your storage unit. Here are some reasons why.
Cost: The Price of Procrastination
The initial cost of renting a storage unit may seem reasonable, but the fees can quickly increase over time. Many storage facilities offer introductory rates to lure customers, but these rates often increase after a few months. Before you know it, you're paying hundreds of dollars yearly to store items you may not even need.
Are the expenses of keeping your belongings in storage higher than the items' value?
It's important to weigh the cost of keeping a storage unit against the items' value. The average cost to rent a Sydney storage unit is around $190 - $500 per month, but prices will vary depending on the size and location of the unit. If you're renting a small unit, you could be paying $190 per month, which adds up to $2280 per year.
Burden: The Weight of Procrastination
Procrastination weighs on you when you're paying monthly fees for a storage unit. You know you should deal with the items inside, but it's easier just to let them sit in storage. The owners of storage facilities profit from this procrastination and desire to hold onto items.
Letting your storage unit become a financial burden and a source of stress is not the best option.
Purpose: Reassessing Your Need for Storage
- Why did you rent a storage unit in the first place?
- Did you use the storage space for a temporary move or renovation?
- Or was it to keep things you didn't have room for in your home?
Whatever the reason, it's important to reassess your need for storage. If the original reason for renting a storage unit no longer applies, it's time to consider cleaning it out.
Leaving Items in Storage: A Costly Mistake
If you're considering abandoning your storage unit and not paying the monthly fees, think again. Most storage unit contracts have a clause that allows the facility to auction off the items inside if you stop paying. It means you could lose all your stored items and still be responsible for any fees or charges.
Clear Out Your Storage Unit
Cleaning out your storage unit may be challenging, but it's essential to reassess your need for storage and consider the cost of procrastination. Take the time to go through your items and decide what to keep, donate, or sell. Your wallet and your peace of mind will thank you.
Are you tired of paying for a storage unit filled with things you no longer need? It might be time to clear it out and say goodbye to those unnecessary expenses. Say goodbye to the clutter and hello to a more streamlined life by tackling that storage unit today! Call us today
