When To Use Long-Term Storage

When To Use Long-Term Storage

Long-Term Storage can be very expensive, so it's best to avoid it. There are a few situations where it might work to your benefit, though. Let's take a look.

Long-Term Storage Is Expensive

It’s probably fair to say that people pay too much for storage. More than half the people in this country rent storage for something. The costs add up. While it’s easy to say how much better it is to get rid of things than to spend money to store them somewhere, a lot of people still find it hard to give up their possessions – even the ones they don’t use. I’ve already recommended the practice of seasonal storage as a way to make the best use out of storage.

Sometimes that’s not what you need from your storage unit, though. In some situations, long-term storage becomes a necessity. If you need long-term storage, there are ways to get the most out of it, as Vernon Storage – a storage company based in Summit County - will tell you.

But what are the appropriate times to use long-term storage? It’s all situational and you’ll have to consider all the facts, but here are some times when it might be good.

1. Extended Time Out of Country

If you’re going to spend an extended time out of the country – such as traveling the world, or going out on tour as a soldier – long-term storage might be useful. If you’ve been living in a rented apartment and you’re going to be spending a long time out of the country, renting a storage unit, even long-term, might be cheaper than paying rent for the entire time. This is especially true if the place you’re living was always meant as a temporary location. Even if you have your own home, renting a small unit might be good for storing outdoor equipment, or vehicles that you won’t have time to use and don’t have a place to keep them out of sight. Of course, this all depends on costs of storage, costs of rent for apartments, and any agreements you may have signed. Be sure to check on all these things before you make a final decision.

2. You Have Antique Vehicles

Ford model T

My dad owned one of the earliest versions of the Ford Model T, which he got as a gift from his own dad. The car is nearly 100 years old now and a priceless antique. But where do you keep such a thing? Your own driveway or garage has to have space for the vehicles you actually drive. If your home is too small to store it, what do you do? Yeah, you could sell it, but if you’ve got such a valuable antique as that, do you want to? That’s a piece of US history, as silly as that sounds.

For things like that, long-term storage can be useful. If you find a storage unit that’s the right price, has good security, and you make sure you’ve got a good insurance policy on it, it can serve as a safe place to keep a large antique that lets you enjoy it, but doesn’t take up space in your home. Who knows, maybe you’ll be able to find a place for it later. My dad, for example, eventually made enough money through investments to build his own private garage to store the car in.

3. Recreational Vehicles

Similar to antique vehicles, large, recreational vehicles can take up a lot of space. Depending on the size of your home, you might not have a place for them. This can be especially true of large trailers or boats. Just because you own a big boat, that doesn’t mean you have a big house. If you leave them out on the driveway during the months you can’t use them (can’t go boating in winter, the lakes are all frozen!), you’re subjecting them to the elements. Renting a storage unit to keep them in can give you a place where they’ll be out of the rain and snow. In this case, though, it might be a good idea to go for seasonal storage. It really all depends on the demand for storage space in your area. Before you rent, be sure to find out what you can to make decisions on what is the best way to store your recreational vehicles. Long-term storage might not be necessary, though this can pair well with seasonal storage if you have different vehicles for different times of the year.

Long-Term Storage Is Highly Situational

There really aren’t a lot of situations where long-term storage is a financially smart strategy. Seasonal storage, or short-term storage strategies tend to be better for most scenarios if you want to make sure you’re getting your money’s worth. You should always find out what you can about your situation before you make decisions. Never do it as a last-minute thing. It all depends on so many factors that vary from place to place – for example, big cities tend to charge a lot more for storage than rural areas – so there’s no single answer anyone can give one whether or not long-term storage is a good idea. A general rule, however, is this: long-term storage is a last resort. If you have other options, it’s usually a better idea to go with that.

When long-term storage is necessary, make sure you check around to find where the best deals are. Long-term storage is always going to be a bit pricey, but if you take time to look around and do your research, you can usually find deals that make it at least worth it if that’s what you really need.