*
No rent increases! * No late fees! * No admin fees!
* No rental taxes! *
Creating some new storage space
at your home instead of renting a mini-storage unit makes
good sense. Besides being much less expensive, one of the
benefits you will enjoy the most is having access to your
stored items any time you wish!
Purchasing a storage building
is a sound economical decision!
To demonstrate this to you, the following
illustrates the financial considerations of renting a 10
x 15 mini-storage space versus purchasing a 10 x 15 residential
utility building from Absolute Steel Sheds.
Note: We have not taken
into consideration that mini-storage rental rates will continually
go up (5 to 10% per year), nor have we factored in any of
the late fees, administration fees or the rental tax that
you pay when renting a mini-storage unit.
Mini-Storage
Cost: 10 x 15 mini-storage at
$95.00* per month.
Value: If one were able to achieve
an annual yield of 10% on his investment, one would determine
the value of the above money/income stream as follows:
$95 (monthly rent) x 12 (months per year) = $1140.00
So in our assumption, one would have to make a total investment of
$11,400 to achieve a yield of $1140.00.
Residential
Utility Building
Cost: 10 x 15 RUB w/shipping
(West US) $1895.00
Concrete** ($3.75 per square foot) $ 586.17 (or DIY for $184)
Total Investment: $2481.17
Value: Now, assuming a 10% yield as described above,
you would be paying a monthly rental rate of $20.68 with the Residential Utility
Building.
(Total Investment of $2481.17 X .10 = $248.18 (annual rent) divided by 12 (months
per year)
That’s 78% cheaper
than renting a mini-storage!!!
*Mini-storage rental rate based
upon 2003 national average for the above referenced size.
Rental rates in your specific area may vary.
**Professionally poured concrete pricing estimated at $3.75 per square foot:
Formed, poured and site cleaned up/no substantial site prep required. |
