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May
28

Which Is a Better Storage Option: To rent a Storage Unit or have a Custom Metal Storage Building installed on my property?

By Carport Charlie   |   Posted In: Workshops

metal storage building

If your current storage solution – be it a carport, garage, workshop, RV cover, barn, or other storage building – isn’t cutting it anymore, you may be looking for additional storage options. One question many property owners ask is, “Would it be better to rent a storage unit or build a new custom metal building to store my things?”

This, of course, would depend on what you want to store, how long you will be storing it, and what your budget is. Here are some considerations to help you decide what is best for your unique situation.

Renting vs. Building a Metal Storage Building

Protection – Depending on what you will be storing, it is important to see if your items will be insured in case of theft or damage. Many storage facilities do not offer independent property insurance, so you would need to check your home owner’s insurance policy to see if offsite storage is included or if you can get it for an additional cost.  By contrast, storing your items on your own property would be covered by your insurance policy.

Convenience—How often will you want access to your storage items? If the answer is often, it would be much more convenient to have a steel carport or metal garage installed on your property.

Storage Size—How large of a storage area do you need? If you are considering renting or leasing a storage unit, you will want to think about renting a larger space than you currently need to accommodate more later on. Of course, the bigger the unit, the higher the cost. If you decide to build a metal storage building on your property, you can easily and cost-effectively add on to your structure as your storage needs grow or change.

Budget—What are you willing to spend? Much like buying vs. leasing a car, renting a storage space will be cheaper on a monthly basis, but when you add up the costs over a couple of years, you have spent the same amount renting as you would have spent for a variety of custom built metal carports, metal garages, metal barns, or other high-quality metal storage buildings. And if you rent, you have nothing to show for it.

storage unit

Price Comparison: Steel Garages and RV Carports vs. Storage Units

According to the Self  Storage Association, the current average monthly rate for a 10’ by 10’ unit is $118 per month (non-climate controlled) and $151 per month (climate controlled).  Of course, rates will vary by location and size. So that is about $1,416 to $1,812 per year if rates stay the same.

Carport Central offers quality custom metal garages starting at around $2,295 for a 12’x21’x7’enclosed garage with a 6’x6’side entry. In short, by the time you have rented a facility for about two years, you could have had a custom steel garage built which would be more convenient, permanent, and add to the value of your property. Not to mention the larger storage space.

Let’s say you are interested in storing your recreational vehicle. According to costhelper.com, outdoor, uncovered parking at a facility, dealership, or campground/RV park goes from about $20-$100 a month depending on location and amenities (gravel vs. paved, secured vs. unsecured, etc.). Your insurance may or may not coCarport storage unitsver your RV while in offsite storage, so that could be an additional cost. According to Public Storage, fully enclosed units can run around $200 or higher per month depending on the location.

Carport Central offers quality, regular style RV carports starting at just $2,285, including delivery and installation. For just a bit more, add optional side panels for an enclosed storage space. Bottom line—In about a year and a half, your enclosed metal RV cover would pay for itself vs. renting an enclosed RV storage space on a monthly basis.

These are just a couple of examples of pricing. For a complete list of metal storage sheds, carports, barns, garages, and other metal storage buildings available, check out our individual product pages. You will be surprised how far your dollar can stretch.

If you decide to purchase a custom steel storage shed or other building or have additional questions, please feel free to contact our friendly customer service representatives online or by calling 980-221-9962. They can explain all of your options and help you find the perfect metal building to meet your needs.