Self-storage units are quickly becoming one of the most popular types of investment properties in the modern age. These facilities are commonly used by residential, commercial, and industrial tenants for different purposes. For instance, homeowners can use it to store old appliances, sentimental items, old vehicles, and even furniture. Similarly, business owners can store inventory, equipment, records, etc.

So, if you’re looking for a relatively cheaper investment with an excellent ROI, a self-storage facility will serve you well. In this post, we’ll share the five most common types of self-storage units to choose from.

The 5 Most Popular Types of Self-Storage Units You Can Purchase

1. Traditional Self-Storage Unit

Traditional self-storage units are warehouses split into multiple units with space ranging between 100 and 1,000 sq ft. These facilities typically charge by the month and have wide driveways for owners to load and unload their belongings. However, they don’t have climate control or other modern amenities. Therefore, they’re not ideal for perishable goods or temperature/humidity-sensitive items.

2. Modern Self-Storage Units

These modernized and customized self-storage units provide renters several amenities, including round-the-clock surveillance, climate control for hot and cold storage, and even onsite managers. Other amenities include multiple entrance and exit points, bathrooms, and business centers. As a result, they’re also more expensive to manage, maintain, and rent. However, if managed properly, they provide a much higher ROI than traditional units.

3. Climate-Controlled Storage Unit

Climate-controlled storage units are traditional self-storage facilities equipped with temperature and humidity control units. Hence, they’re the go-to choice for tenants looking to store sensible items that need protection from moisture, heat, and extreme cold, including antique furniture, documents, and even family heirlooms. So, whether cold or hot outside, these units will maintain the same temperature and humidity conditions.

4. Mobile Storage Units

Mobile storage units are used by renters looking for portable storage to move household items from one place to another. Hence, they’re typically larger than traditional units and used for long-term storage. Like modern units, they come with several amenities, especially 24/7 surveillance, to protect against theft and vandalism.

Many renters also use mobile storage units as temporary living quarters since they can easily hold furniture, appliances, and other equipment. As a result, they’re usually more expensive to rent.

5. Stow-Away Storage Units

Stow-away storage units are among the smallest types of storage units. Hence, they’re relatively cheaper to purchase and easier to manage and maintain. They’re generally used for seasonal storage of household goods. For instance, renters can store winter or summer clothes, bikes, fishing gear, etc.

Wrapping Up

With so many different types of self-storage units available for investing, you can choose which makes a valuable addition to your portfolio in terms of budget, application, and target audience. Remember, the more features and space it has, the more rental income it can potentially generate. However, you also need to consider other factors, such as location, demand, and security, before deciding.

For more interesting reads related to real estate investing, tune into CHRE right away. You can also explore our vast options of self-storage unit facilities in Rio Grande Valley.