3 Times When Short-Term Storage Unit Rentals Are Useful

 Many people lease storage units on a long-term or indefinite basis so that they have a convenient place to stow their extra stuff, but units don't only provide long-term storage. Many storage units offer short-term rentals, and there are at least three times when a short-term storage unit rental can be useful.

1. As You Pay Off Debt

On the surface, taking on an additional monthly payment for a storage unit seems counterproductive if you're in the process of paying off debt. When incorporated into the right strategy, however, a storage unit can help you become debt-free faster. Specifically, as storage unit will expedite your debt pay-off plan if it lowers your overall housing costs. To enact this strategy, you need to:

1. Rent a storage unit to store belongings
2. Downsize to a smaller home that costs less now that you don't need as much space
3. Put any money saved on housing costs toward debt

Of course, the amount saved on housing costs must be greater than the price of a storage unit in order for this strategy to work. You also need to be able to move, which might be a challenge if you own your own home. If you rent and live in an area with high housing costs, though, you might find that smaller places are available for much less than a unit costs each month. As a general rule, your housing costs shouldn't be more than 28 to 30 percent of your income. If you can get it down substantially below that, you could potentially put a lot toward your debt. Additionally, make sure you consider all related housing-related expenditures when trying to determine how much you could save by doing this. Along with saving on rent or a mortgage, you might also be able to lower your utility costs since you have fewer lights and a smaller space to heat.

2. When You Start a New Business

When you start a new business, a storage unit can help helpful because it provides an affordable place to store equipment and supplies that you wouldn't otherwise have room for. Instead of leasing a big commercial or industrial space, you can get by with a smaller space and use a storage unit to keep extra items that you need only occasionally. This factor alone can help you keep your startup expenses low, especially if your primary space is in a high-rent part of town. Also, the additional storage space might let you reduce the business's supply costs. With plenty of room, you can place large orders and take advantage of quantity discounts. These are discounts that your business gets for ordering a certain number of products at once. They can help improve your profit margin, as they lower the individual cost of each item you purchase.

3. If You Sell Your Home

If you own your home and intend to sell it, getting a storage unit before you list your house on the market might help it sell. Most real estate agents recommend decluttering your home before you put it on the market because you want prospective buyers to be focused on the home and not all of your personal stuff. Decluttering is often difficult, though, as there's rarely enough room for everything. This is where a storage unit can come in handy. You can put many of your belongings in the unit so that your home has less in it. Once the home sells and you move, you can then put your belongings into your new home and stop renting the unit. If you need a storage unit for a short amount of time, contact Brownsburg Self Storage Locker Inc .