Explaining about Easy Storage Self Storage Wandsworth

The current storage facility as we know it today originated in Florida in the late 1950s. Since then, the popularity of self-storage units has increased year after year. Storage demand peaked in the 1990s, outpacing supply, prompting a rush to construct new facilities throughout the United States. The New York Times reported in 2009 (“The Self-Storage Self”) that over three thousand new storage facilities were constructed annually between 2000 and 2005. Storage space is also in high demand. According to the Self-Storage Association (SSA), self-storage businesses in the United States offer 2.3 billion square feet of space. The total area is more than three times larger than Manhattan! Currently, one out of every ten households in the United States rents storage space. After reading all of those numbers, you could be tempted to get a slice of the self-storage pie for yourself. So, what are the requirements and benefits? To get started in the storage business, you’ll need to do some research and find a suitable place. The success of a self-storage company is determined by its location. When searching for the ideal location, expense, property taxes, and zoning regulations should all be considered. If you plan to purchase an existing storage facility, make sure you do your homework first. Many of the self-storage facilities constructed in the last decade were purchased by developers or landowners with large plots of land. Since these facilities are mostly located outside of densely populated areas of a city, the number of potential clients is restricted. Building a proper facility in a convenient location would help you cater to the consumer and increase your return on investment. In the first year, you can expect a 6.75 percent return on your investment. Starting a self-storage company requires a significant upfront investment. Some national lenders can help with financing. Many people in the industry recommend getting in touch with Wells Fargo’s Self-Storage Division. Have a look at easyStorage Self Storage Wandsworth to get more info on this