Self Storage Augusta GA
People Can Find Good Self Storage in Augusta GA
Luckily for the people of Augusta GA, there are business people who continue to invest in quality self-storage facilities. Self Storage facilities continue to be a good investment because of the high customer demand for Self Storage Augusta GA locations. The American people are purchasing more things than their homes or apartments can comfortably hold, so they seek self-storage units to store extra belongings, out of season clothing, decor items, and so on.
Self Storage Augusta GA facilities boasted a near 90% occupancy level in 2014 and the trend continues into the future. This leads to good profits for the facility investors and healthy investor competition to buy self-storage facilities in the Augusta GA area. Because of the demand for self-storage units by customers, the rents have been increasing at a healthy level, which makes them an even better asset and return on investment.
Why Do More People Need Self-storage Units?
In 2008 and since when the economy was in distress, many people were forced to sell their homes or lose them to foreclosure and move into rental units. Rental units have less storage space than the house people moved from. Many people choose to store their belongings that do not fit into the rental unit because they hope to be able to purchase another house in the future. Meantime, the economy has been improving, allowing people to spend more money on belongings. When the rental unit gets overcrowded, they seek self-storage units for the overflow. Studies show that many Self Storage Augusta GA renters have a family income of $50,000 or more. This income allows them to purchase more goods and rent larger storage units.
Why Do People Rent Storage Units?
There are many reasons for people to rent storage units.
A child goes off to college and comes home summers. The furniture and belongings needed for the college dorm room need to be stored during the summer.
Many people have extensive collections of everything from coins and stamps to dolls, antiques, guns, and other bulky items.
Some people choose to take temporary jobs overseas for as long as a year or two years and need to store their household goods until they return stateside.
Two people decide to move in together and combine households. They may choose to store the extra belongings in a self-storage unit in case things don't work out.
Some families have sporting and vacation camping or boating equipment that needs to be stored in between uses.
There are many reasons people need off-site storage for their belongings and that is what drives the self-storage market for investors. For more information on investing in storage facilities, please go to the website.