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3 Ways To Save Money On That Storage Rental Space You Need

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Now that you've identified the need for some extra storage space, you're probably wondering how you'll pay for a rental unit without greatly affecting your monthly budget. Here are three things you can do to save yourself some money on your storage rental so you can keep your budget on track:

Find Yourself a Roommate

An effective way to save money on your storage rental is to find a roommate to share the space and the costs with you. Not only will you both save some money on monthly rental costs, but you can split the deposit and any other fees that are associated with the rental to maximize savings all around. There are several ways to find a storage roommate including:

  • Create fliers and hang them on bulletin boards at places such as your work, schools, libraries, community centers, grocery stores, and colleges.

  • Sign up for local forums and bulletin boards online so you can network with other people in your community who need of storage space.

  • Spread your interest in a storage roommate through word-of-mouth – ask all your friends, neighbors, coworkers, and relatives to let the word out to everyone they know.

Downsize a Little

Another way you can save some money on your storage rental space is to downsize so you can rent a smaller unit than you currently need. If you want to store everything in your garage, go through it all first and commit to downsizing by 25 percent. If you plan to store your entire household, work hard to downsize by upwards of 50 percent if possible to see serious monthly savings.

You can sell some of the stuff you decide not to store and use the proceeds to fund your storage unit for the first month or more. Consider having a garage sale, hosting a silent auction, holding an estate sale, or selling your stuff online to people who live in and around your community. It's a good idea to rent a dumpster while you're downsizing so you can easily get rid of anything that isn't worth selling.

Consider Signing a Long-Term Contract

Instead of renting your storage space month to month, consider signing a long-term contract if at all possible. Many storage companies offer a discount to customers who are willing to commit to using their facilities for at least a few months at a time. While you may be able to get a discount for signing a three-month contract, you might get a more substantial monthly discount for signing a contract of one year or more.

To learn more, contact a storage facility like Cardinal Self Storage