How to estimate storage costs? What are the conditions and where exactly to start? Well, it is much easier than it sounds! 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.
Before you start packing, ask U.Santini Moving & Storage Brooklyn, 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 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. And while there are many different factors included, there are some of them that stand out.
The price of a storage unit consists of:
- The cost of the space used includes rent, heat, maintenance, etc.– This one usually varies from place to place.
- Money costs tied up in inventory- Your inventory will be inspected upon arriving
- The cost of insurance and perhaps property tax- You can always get information about taxes and insurance from the moving company
- 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. Storage spaces 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 control.
- 20×20-foot spaces rent for about $225 per month.
In case 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 the 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 units 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, that if a business has a lot of cash, no debt, and 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. Commercial movers Park Slope will provide all the information as soon as you give them more details on what exactly you need.
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 a new tenant, so your first month can be free. Also, for seniors discounts can be 10%. Another thing to mention is a free estimate. Moving companies tend to provide it as soon as you give them details about your relocation. This will come as a great relief because you will be able to organize both the moving and storage budget.
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 a few tricks on 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 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. During this avoid wrapping fragile items in towels and old clothes. They may save on space but you are risking too much.
- 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 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. You can find a bunch of advice on blogs, that will help you understand this step better.
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. Portable storage units are quite affordable and helpful. People use them for many different purposes apart from moving. You can use them for event storage, renovation, or even when you need additional home space.
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. The price may also be higher if you are looking for big cities and downtowns’.
2. Value-added services
Storage costs are higher when you want services like handling your inventory, storing things for you, packing it, and delivering it to the right place. So, the price will be higher if you want to use some of the additional services. This may be a great solution if you are short on time, or simply don’t like packing.
3. Terms of the 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. Keep in mind that some companies have very specific policies when you want to prolong the usage of storage units. Always inform yourself ahead of time.
4. Other conditions
Other conditions that impact storage costs are things like air-conditioner, security, visiting time, etc. Luckily, if you start looking for storage units in advance, you will be able to gather more information and make a better decision.
In the end, if you don’t want to calculate storage costs, the best option is to ask your moving and storage company to estimate storage costs. This way, you will find the best storage option for you and your budget. Many long distance moving companies New York have professionals whose job is to help you the best they can. You just make sure not to skip any detail because it may be essential when creating the final price.
Bottom Line On How To Estimate Storage Costs
Once you start this entire process, things will be happening very fast. Stay organized and follow your plan for better results at the very end. New York is giving its residents the best of service in every field so you can rely on that. Professionals will guide you on your way to find out how to estimate storage costs.