We get it, we’re all guilty of having too much “stuff.” Although the practical decision would be to downsize or donate, you may decide one day that you want to ride that mountain bike you haven’t touched in two years. You’re definitely going to ride it again one day, right?
In the meantime, where can you store that bike and the other items that are taking up valuable space in your garage? Two popular options are purchasing a storage shed for your Backyard or renting an off-site storage unit. The real question is which one makes more sense for your needs? Find out which one suits you better — a storage shed vs. storage unit.
Storage Shed vs Storage Unit: Cost
The first factor to consider is cost. A storage unit is paid for monthly, just like rent, while a storage shed you pay for up front, in full. Additionally, some storage units require a security deposit, administration fees, and require you to purchase a specific lock. Close to one-third of storage unit renters will rent for several years. In five years’ time, you would have spent close to $4,315 on a 5′ x 10’ storage unit, and that’s for rent only. Meanwhile, the average cost of a larger 8′ x 10′ storage shed is about $2,175, and you own it for a lifetime.
However, if you aren’t ready to pay for a brand new shed in-full at the time of purchase, you do have an option beyond leasing out a storage unit. For example, Penn Dutch Structures offer a rent-to-own program on their selection. Using the rent-to-own option, you can add an 8′ x 10′ shed to your backyard, paying just $101 per month, and take ownership after just three years.
Storage Shed vs Storage Unit: Convenience
To fill your storage unit with all your extra stuff, you might need to rent a truck (which will cost you even more money) or borrow a friend’s vehicle to haul everything to your unit — and this may take multiple trips. Going to retrieve items from your unit may take more time or expenses.
Not all storage units are available 24 hours a day, but your backyard storage shed is. With your backyard shed, there’s no need to
rent/borrow a truck or set aside a specific day to drop items off or pick things up. Simply walk out your back door, and it’s all there any time you need it.
Storage Shed vs Storage Unit: Insurance
With a storage shed, items in the structure, and the structure itself are covered by your homeowner’s insurance policy. Meanwhile, items in a storage unit are not covered and many storage unit locations do not offer independent property insurance. This means, if items in your storage shed are damaged, you’re covered, but a storage unit
Storage Shed vs Storage Unit: Property Value
Lastly, adding a storage shed in your backyard can increase your home’s property value. By adding extra storage, which is attractive to potential homebuyers, your property has an advantage if you ever sell your home. A storage unit does nothing to add to the value of your current home.
Are you ready to add some extra storage right in your own backyard? Check out our shed options or visit us in person at The Markets at Shrewsbury.
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