Daisy Santiago
March 4, 2020

The Real Cost of Self-Storage in London: Are You Overpaying for Storage

As the self-storage industry is becoming larger and larger every year, almost all of them have the same offerings to get customers' attention. There are an estimated 1,582 self-storage facilities in the UK, providing a total of approximately 45.6 million sq. ft. of storage space according to the 2019 survey conducted by Self-Storage Association UK (SSA UK). Out of all those storage places located in the UK alone, what are the chances of you finding the perfect one without overpaying for it?

Premium 24/7 security, loading services, accessibility, promos, discounts, etc., name it and I bet all of these storage facilities have the same marketing strategy in attracting customers. The question here is, as soon as you've decided to rent one of them, how sure are you that you're getting the most out of your money?

As per SSA UK, the average rent in Europe is £259 per square meter per annum. Imagine? The amount of money that people are paying to rent storage spaces is not a joke. Isn't it reasonable enough to be very mindful of the storage rents and if you are overpaying for your storage unit?

Here, I have listed three questions you can ask yourself to evaluate if you're overpaying for your storage space.

1. Have you chosen the correct storage size?

When making an inventory of things you wish to store, decide which among your things are really for keeps. If you are going to rent a storage unit just to store items that you don't know where to put, but don't really need, you're definitely going to waste your money. Identifying which among your things are for keeps will help you determine an economical storage unit size. You have to avail of the space you ONLY NEED. Planning ahead is a great way of picking the perfect storage unit for you, so you can get rid of the chances of spending money on storage spaces you don't actually need.  A friendly suggestion, if items were left untouched for a year or more, let them be. Truth is, you won't be needing them again so soon. You can just donate or throw them away. Either way, it lets you save your money (for storage rent) or storage space (if you already are renting one). If you really can't decide what to do with these "unused but too good to be thrown away" items, you have the option to put them in a garage sale.

2. Have you signed for a good amount of terms?

Make sure that before availing that extra storage space, you've thought hard enough on how long you are going to rent it. Your reason for availing a storage place will help you decide if you are going to avail of a short term or a long term contract. Say, you are going to look for a new apartment and you need a place to store your things temporarily while you're in a hunt for a new one. You may opt for a short-term contract so you don't have to pay for succeeding months. Who knows? You might be able to find a new apartment to move in in a span of one month.

3. Are you getting the value the storage company advertised and you have paid for?

As soon as you've started using the storage unit, carefully observe if the storage company is meeting what they've promised. These may include premium security and quality storage units (no leaks, no molds, and climate-controlled). Also, be mindful of the hidden charges that might start popping up on your bill without you knowing that you've signed for it. There are storage companies that have the "as needed only" basis when it comes to their extra service. One perfect example is easyStorage.

easyStorage offers an insurance policy only if the customer wants to avail of it. No pressure! The same goes for loading services. The customer may opt to avail of it only when needed. You can ask your local storage facility for these things as you don't want to end up paying for unnecessary services.

The takeaway here is to avoid worries in overpaying, be smart in choosing the storage place for you. Always consider the value you can get in exchange for the money you will spend.

Daisy Santiago

Daisy is our superstar blogger. With a marketing background and passion for writing, she loves to explore and research topics & put them into writing. Outside of work her hobbies include blogging, writing, blogging, writing. (We keep telling her to get out more)

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