Many people have never used self storage in their life. When asked the question about how much self storage might cost, the guesses vary wildly, from well under the market price to above the market storage price.
When comparing self storage prices it can now be easily referenced against the price of a bedroom. The most popular size storage room (3M x3M) is very similar to an average bedroom. The emergence of online markets for renting out a spare bedroom provides a quick reference point for comparison.
The leading online market place for spare rooms is www.flatmates.com.au. Here people can find or rent out a room in neighbourhoods all over Australia.
Having a quick check at the possible weekly rent for a spare room will reveal how expensive it is to use your spare room for storage.
Using the 3metre X 3 metre storage space size, let’s compare this against rooms that are available on flatmates.com.au
These comparisons show starkly how economical self storage units really are with bedrooms costing 220% to 387% more than a storage unit. Many people could even be earning extra income if they unlock their spare room from the clutter of storage, rent a small storage space (obviously only at Kennards!) and offer the room to the market place.
Author: Sam Kennard, Managing Director, Kennard Self Storage