As our society becomes more mobile and transient, the demand for self-storage units continues to increase. For those who are downsizing, moving or just need extra space, self-storage units provide an affordable and convenient solution. But what about climate-controlled self-storage units? Are they worth the investment? In this article, we will discuss the benefits of climate-controlled self-storage and whether it’s worth the investment.
Climate Controlled Self Storage: Is It Worth the Investment?
What is Climate Controlled Self Storage?
Climate-controlled self-storage is a type of storage unit that is kept within a specific temperature range, typically between 55°F to 85°F, and with a humidity level between 30% to 50%. This is achieved by maintaining the unit in an enclosed building with proper insulation and ventilation. Unlike regular self-storage units, climate-controlled units have individual thermostats that allow you to regulate the temperature and humidity within the unit.
Benefits of Climate Controlled Self Storage For Customers
- Protection from Extreme Temperature Fluctuations
Climate-controlled self-storage units are designed to protect your belongings from extreme temperature fluctuations. This is particularly important if you are storing items that are sensitive to changes in temperature and humidity, such as wood furniture, electronics, and musical instruments. Extreme temperature fluctuations can cause wood to warp and crack, electronics to malfunction, and musical instruments to become damaged.
- Protection from Humidity and Moisture
Climate-controlled self-storage units also protect your belongings from humidity and moisture. High humidity levels can cause mold, mildew, and other types of water damage to your belongings. This is particularly important if you are storing items that are porous or absorbent, such as paper documents, photographs, and clothing. Climate-controlled units maintain a consistent level of humidity, which prevents these types of damage from occurring.
- Enhanced Security
Climate-controlled self-storage units are typically located within enclosed buildings, which enhances security. This reduces the risk of theft and vandalism, as well as exposure to pests and vermin. In addition, climate-controlled units are usually located on upper floors, which provides an added layer of security.
- Peace of Mind
Finally, climate-controlled self-storage units provide peace of mind. Knowing that your belongings are protected from extreme temperature fluctuations, humidity, and moisture can give you the peace of mind you need when storing your valuable possessions.
Is It Worth the Extra Cost?
The answer to this question depends on several factors, including the type of items you are storing, the length of time you will be storing them, and your budget. Climate-controlled self-storage units are typically more expensive than regular self-storage units. However, if you are storing items that are sensitive to changes in temperature and humidity, the extra cost may be worth it.
If you are planning on storing your belongings for an extended period of time, climate-controlled self-storage is highly recommended. This is because items stored in regular self-storage units are more likely to deteriorate over time due to exposure to extreme temperature fluctuations, humidity, and moisture.
Cost to Add a Climate-Controlled System to a Self Storage Building
The cost per square foot to add climate-controlled systems to a self storage building can vary widely depending on several factors, such as the size of the building, the type and quality of the systems installed, and the extent of the renovations required. In general, the cost per square foot for a climate-controlled system can range from $15 to $30 or more.
One of the biggest factors affecting the cost per square foot is the type of climate-controlled system installed. There are several types of systems available, including traditional HVAC systems, mini-split systems, and ductless systems. Traditional HVAC systems tend to be the most expensive but also offer the greatest level of control and customization. Mini-split and ductless systems tend to be less expensive but may have limitations in terms of temperature control and flexibility.
Another factor that can impact the cost per square foot is the extent of the renovations required to install the climate-controlled system. In some cases, it may be necessary to retrofit an existing building with additional insulation, electrical wiring, or ductwork to accommodate a climate-controlled system. This can add significant costs to the project.
Finally, the overall size of the building can also impact the cost per square foot. Smaller buildings may have a higher cost per square foot due to the need for specialized equipment and materials, while larger buildings may benefit from economies of scale.
In general, industry experts estimate that the cost per square foot for a climate-controlled system in a self storage building can range from $15 to $30 or more, depending on the factors outlined above. It is important to carefully evaluate the costs and expected returns before making the decision to invest in climate-controlled systems to ensure that it is a financially sound decision.
Is It Worth the Investment?
Adding climate-controlled units to a self storage building can be a significant investment, and it is important to consider the potential returns before making the decision to do so. In many cases, adding climate control can be worth the investment from a returns standpoint, as it can attract more customers, command higher rental rates, and increase occupancy rates.
One of the main benefits of climate-controlled units is that they are in high demand, particularly in areas with extreme temperatures or high humidity. Customers who are storing sensitive items such as electronics, artwork, or antiques may be willing to pay more for the added protection that climate control provides. This increased demand for climate-controlled units can help to attract new customers and increase occupancy rates.
Another advantage of climate-controlled units is that they can command higher rental rates than non-climate-controlled units. According to industry experts, climate-controlled units typically rent for 25-30% more than non-climate-controlled units of the same size. This means that by adding climate control to a self storage building, owners can increase their revenue per square foot, which can significantly impact the overall returns on the investment.
In addition to attracting more customers and commanding higher rental rates, climate-controlled units can also help to reduce operating costs. Climate control can help to prevent damage to stored items, which can reduce the risk of insurance claims and lower insurance costs. It can also help to prevent pests and mold growth, which can reduce the need for costly remediation.
While there are many potential benefits to adding climate control to a self storage building, it is important to carefully evaluate the costs and expected returns before making the investment. The cost of adding climate control can vary widely depending on the size of the building, the number of units, and the extent of the renovations required. It is also important to consider the ongoing operating costs, such as electricity and maintenance, associated with climate-controlled units.
Overall, adding climate-controlled units to a self storage building can be a worthwhile investment from a returns standpoint. By attracting more customers, commanding higher rental rates, and reducing operating costs, climate control can help to increase revenue and profitability. However, it is important to carefully evaluate the costs and expected returns before making the investment to ensure that it is a financially sound decision.
In conclusion, climate-controlled self-storage is definitely worth the investment if you are storing items that are sensitive to changes in temperature and humidity, planning on storing your belongings for an extended period of time, or just want the added peace of mind that comes with knowing your belongings are protected. While climate-controlled self-storage may be more expensive than regular self-storage units, the benefits far outweigh the extra cost. When it comes to protecting your valuable possessions, investing in climate-controlled self-storage is a smart decision.