If you are planning to move to Brooklyn, and you need to downsize to a smaller apartment, the moving checklist and things you need to do can seem overwhelming. That’s why using a storage unit for seasonal items can help the moving process much less stressful. So, before you start packing, ask U.Santini moving & Storage Brooklyn, New York to help you estimate storage costs.
If you want to use storage, start by removing anything from your home that you no longer need or you don’t need it for the current season. For example, the storage unit can be a place where you can put seasonal décor and items for entertaining, clothing, personal records and other things you are using only seasonally. In this way, you will have enough room space for breathing and for organizing your daily activities and day – to – day items.
This sounds great, right? To have extra space and to remove all the stuff you don’t need at this moment. So, start searching for NYC storage that will suit your needs and your budget. That’s why it is important to know more about storage costs.
What is the cost to store inventory?
If you want to find quality and cheap storage New York to store your things, you need to know what impacts the storage price.
The price of storage unit consists of:
- The cost of the space used including rent, heat, maintenance, etc.
- Money costs tied up in inventory
- The cost of insurance and perhaps property tax
- The cost of impairment and obsolescence of the inventory items.
Storage costs can depend on the cost or value of the inventory, or in another case storage costs depends on the physical size of the items.
Typical costs for storage units
Storage units are the monthly service, where you can as a renter, deliver the items you want to store. If you want to visit your storage you can do it during office hours. Spaces of storages vary in size and some are climate controlled.
- A 5×5 foot storage unit usually runs about $40-$50 per month.
- 10×15 foot units cost $75-$140 per month or $115-$150 for a climate controlled space.
- A 10×20 unit ranges from $95-$155 per month or $170-$180 for climate controlled.
- 20×20-foot spaces rent for about $225 per month.
In case that you need portable on-demand (POD) storage units, you need to pay around $230 monthly for an 8x8x12 foot unit that accommodates an average 1,200-square foot home.
Self-storage facilities charge the number of spaces or lockers you rent per month. But, also many storage units charge by the square foot of space that renter requires. It is easy to calculate if you know the size of the goods you want to store.
But, don’t forget about the importance of NYC storage insurance, it is much more important than to rent cheap storage unit without insurance.
Storage costs for companies
When you need to store inventory as a company, you should know that storage costs should be based on the incremental annual costs or the company’s opportunity costs. That means, if a business has a lot of cash, no debt, and a storage that is half empty, storage costs will be relatively low. But, if the company has little cash, much debt, and little available storage space, the storage costs will be high.
Storage costs are part of the economic order quantity (EOQ) formula. This formula is the number of storage units that will minimize the total annual costs.
Discounts for storage units
Many moving companies can give you discounts for using their storage units. Some of the companies can give you discounts if you are new tenant, so your first month can be free. Also, for seniors discounts can be 10%.
How to pack things for a storage unit to cut storage costs?
In the text below, we will continue to talk about the price of storage, but we just have to mention the basics of packing things for a storage unit. With Brooklyn self-storage packing tips you will know how to prepare your household goods for storage. But, if you want to cut storage costs you need to know few tricks how to do it when you pack your things.
Pack the goods you want to store in each box or container. You need to measure the length and height of the goods using a tape measure, pencil, and paper.
In case that the warehouse charges based on square feet of floor space, multiply the result by the per-square-foot charge.
If you want to pay for a smaller storage unit, you need to pack things so that they take up less space.
If warehouse costs are based on the number of lockers, multiply this number by the monthly rate. Also, if you want to cut storage costs then you should use the storage without climate control, in case that you don’t need it. But, if you need to store pianos, photographs and art items, in this case, generally everyone is renting climate controlled units.
When you need a portable storage unit, they are delivered to the home for the renter to pack. Then, they are delivered to the new destination for unpacking.
How to estimate storage costs?
When you want to rent a storage unit, you need to know the factors you should calculate for storage costs.
Location is the most important factor when it comes to storage costs. The cost is higher if you have an access to major areas.
- Value-added services
Storage costs are higher when you want services like handling your inventory, storing things for you, packing it, delivering it at the right place. So, the price will be higher if you want to use some of the additional services.
- Terms of contract
Terms of the contract also have an impact on storage costs: If you want a storage unit for a specified long period or if you want to terminate the contract when you want.
- Other conditions
Other conditions that impact storage costs are things like air-conditioner, security, visiting time, etc.
In the end, if you don’t want to calculate storage costs, the best option is to ask your moving & storage company to estimate storage cost. In this way, you will find the best storage option for you and your budget.