When it comes to storage solutions, businesses and individuals have a variety of options to choose from. Two popular options are relocatable self-storage buildings and traditional storage units. In this article, we'll compare the costs associated with these two options and help you make an informed decision on which option is best for your needs.
Upfront Costs of Relocatable Self-Storage
One of the main factors to consider when choosing a storage solution is upfront costs. Relocatable self-storage buildings typically have lower upfront costs than traditional storage options like permanent structures or metal buildings. The cost savings are huge, and relocatable self-storage buildings are 50-60% of the cost of National Construction Code (NCC) products. Examples of extra costs include the slab, general contractor, site plans, and engineering.
This is because relocatable self-storage buildings are prefabricated and can be easily transported and assembled on site, eliminating the need for costly construction and building permits. Traditional storage options, on the other hand, require construction costs and may also require additional permits and fees.
According to a market research report by Technavio, the global relocatable self-storage buildings market is expected to grow by USD 3.21 billion during the period 2021-2025, at a CAGR of over 7%. This highlights the increasing popularity of relocatable self-storage buildings as a cost-effective storage solution.
Self-Storage Installation Costs
Installation costs are another factor to consider when choosing a storage solution. Relocatable self-storage buildings typically have lower installation costs than traditional storage options due to their ease of assembly. These units are delivered flat-packed and assembled in 30 minutes or less, ready for tenants! This allows businesses to save money on installation costs, which can be significant for larger storage solutions.
Traditional storage options, on the other hand, require skilled labor and may require additional costs like site preparation and foundation work. These additional costs can add up quickly, making traditional storage options more expensive than relocatable self-storage buildings.
Ongoing Maintenance Costs of Adding Self-Storage to Your Site
Ongoing maintenance costs are also an important consideration when choosing a storage solution. Relocatable self-storage buildings typically have lower ongoing maintenance costs due to their durable and weather-resistant design. These units are designed to withstand harsh weather conditions and require minimal upkeep over time.
Traditional storage options may require ongoing maintenance and repairs, which can add up over time. This can make traditional storage options more expensive in the long run than relocatable self-storage buildings.
According to the Self Storage Association, the self-storage industry in the United States generated approximately $39.5 billion in revenue in 2020. This highlights the growing demand for storage solutions, including cost-effective options like relocatable self-storage buildings.
Potential Savings With Self Storage Over Time
In addition to upfront costs, installation costs, and ongoing maintenance costs, it's important to consider potential savings over time. Relocatable self-storage buildings offer several potential savings over time that traditional storage options cannot match.
For example, relocatable self-storage buildings are designed to be energy-efficient, which can save businesses money on utility bills over time. These units are also designed to be durable and long-lasting, which means that businesses can rely on them to provide secure and reliable storage for years to come.
According to a survey conducted by SpareFoot, 44% of people who rent self-storage units for residential purposes keep their items in storage for more than a year. This highlights the growing need for long-term storage solutions like relocatable self-storage buildings, which can provide businesses with cost-effective storage options for extended periods of time.
Self-Storage Options
When it comes to choosing a storage solution, businesses and individuals have a variety of options to choose from.
However, there are benefits of relocatable self-storage buildings over traditional storage options, including lower upfront costs, lower installation costs, lower ongoing maintenance costs, and potential savings over time. As the global relocatable self-storage buildings market continues to grow, businesses can rely on these storage solutions to meet their storage needs both now and in the future. The statistics show that the demand for storage solutions is increasing, and relocatable self-storage buildings are a cost-effective and reliable solution for businesses and individuals alike.
If you're looking for a cost-effective and flexible storage solution, relocatable self-storage buildings are an excellent option to consider. Contact High Plains Manufacturing to get started.
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