Is short-term storage right for you? Before you select self-storage units or sign a lease, take a look at what you need to know about the pros and cons of short-term rentals.
What Are the Pros of Short-Term Storage?
If you're not sure whether to choose a short-term self-storage rental or sign a year-long lease, you may need to learn more about the benefits of a one-month or month-to-month option. The pros of short-term storage solutions include:
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No major commitment. Whether you might move in a few months, you're not sure how long you will need a storage unit, or you just don't like to commit to anything, a short-term rental agreement won't hold you to a lengthy term.
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The same storage options. Even though the rental terms are different, your storage choices are still the same. This means you can usually select the same size, security, or climate control features (depending on the facility).
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Lower potential financial losses. What happens if you really only need storage for four months—but have to sign a 12-month agreement? You're legally obligated to pay for the remaining eight months. You won't have this type of loss with a short-term option.
Along with these benefits, a short-term agreement or month-to-month no-contract rental will allow you to sample the facility's services. Whether this is your first experience with self-storage or you aren't sure which rental unit to choose, a short-term alternative can help you to explore your options.
What Are the Cons of Short-Term Storage?
Even though short-term self-storage has plenty of pros, it isn't the right choice for everyone. Some renters may need a full long-term lease. If you're not sure which type of term you need, consider the cons of a monthly or no-contract rental:
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You will need to renew your rental agreement sooner. Longer-term rentals allow you to sign an agreement, pay, and store your belongings without having to worry about renewing a lease or contacting the self-storage facility regularly.
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You may pay more. Some (but not all) facilities may offer financial incentives to renters who sign a longer agreement. A monthly or no-contract option may have a higher overall price tag.
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You can't leave the area for extended periods of time. If you can't easily return to the unit in one month or when the short-term agreement ends, you need to select a longer lease.
To better assess your overall storage needs, compare the alternatives and weigh the pros and cons. If you're still unsure, start small with a monthly lease. If you're not completely sure that you will move everything out of storage sooner rather than later, ask the rental facility if the short-term option can turn into a long-term lease.
For more information on self-storage units, contact a company near you.
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