Renting a Self Storage Unit vs Buying a Storage Building

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Are you running out of room in your house to keep all of the things that you don’t want to get rid of? Have you considered renting a storage unit at one of the 45,000 storage facilities in America? Well if so, take a look at the top 3 reasons you should consider buying a personal storage building rather than renting a storage unit.

Location

One of the biggest downfalls of renting a self-storage unit is that usually you have to make several trips driving to load your storage unit or get something from it. When you buy a Bunce Building we deliver your storage building and set it up in your yard so that the most you have to travel is from your door to the unit in your yard. Talk about easy! And by the way, with Bunce, delivery and setup within 30 miles of any of our dozen locations throughout the Piedmont of North Carolina is included FREE of charge.

Customizable

We build all of our storage buildings to meet each individual customer’s needs. Whether you want electricity in your building, or just need a workbench and some lofts, we offer it all and can custom build your storage building for you! We also have many wood, metal, and vinyl colors to choose from, so you can match your building to your house.

Price

Unit size Average monthly cost (2018) $/sq.ft. Year-over-year change
5×10 $64.91 $1.25 -2.5%
10×10 $97.59 $0.98 -2.3%
5×5 $47.01 $1.88 -2.6%
10×20 $138.06 $0.68 -2%
10×15 $126.07 $0.84 -6.5%

The average monthly cost of a storage unit in America is $88.85 based on this article from sparefoot.com. When you consider that this price will be the same no matter if you keep your unit for 2 years or 20 years, that amount really adds up. No wonder the self storage industry is a $38 Billion industry!

Let’s do some math

The Average cost of a 10×10 self-storage unit costs around $98.00 per month. If you rent a storage unit for 4 years at $98.00/mo before taxes you are looking at spending $4,704 before taxes for space that you don’t even own.

Now, let’s say you were to purchase a 10×10 A Frame unit. The price of that unit is $2,495 + tax. If you can’t afford to pay that all at once, we offer Rent-To-Own and financing options. If you were to do the RTO over 4 years your monthly payments would be nearly identical. The best part – once you pay off your Bunce storage building you own it!

Now that you know the facts, take a look at the different storage buildings we have to offer. If you’re ready to buy a Bunce Building, or have any questions call the Bunce Sales Location nearest to you.

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