Self-Storage: How Much Should You Spend In The Philippines?

At A Glance: The cost of self-storage Philippines can range from ₱ 300 per month (per sqm) to ₱ 700 per month (per sqm).

Are you living in a home that is bursting to the seams? Well, you are in die-hard need of safe and secure self storage. However, the question is how much you should spend on a storage unit. So, to clear the air, we are here with this blog. We will break down the price of self-storage along with the factors that impact the price of a unit.

So, let us dive into the blog together!

But First, What Is A Storage Unit, And How Does It Work? 

In layman’s language, a storage unit is a space that lets you keep your items safely and securely. Well, how secure it is— totally depends on the features it has! Further, the storage unit size can go from 1 SQM to 30+ SQM. Thus, it has the potential to fit a household full of packed boxes and items.

As far as the features are concerned, some units have security alarms while others do not— affecting the unit’s price. Therefore, learning the factors impacting the cost is mandatory to understand how much you shall spend on a storage unit. 

Ergo, in the next sections of the blog, we will briefly look at the factors swaying the fares. 

Cost Of Self Storage Philippines: Factors Affecting It!

With leeveit, the average cost of a storage unit is ₱ 525 ( 11.36 USD) per SQM. Furthermore, no matter which unit you choose, some features are common in most units— they are as follows: 

• Lockable Doors 
• Electricity 
• Air Quality 
• Pest Control 

However, some attributes may charge you extra. So, let us have a quick glimpse at them. 

The Size Of The Unit 

When looking at the factors that impact the price, how can we start with something else other than the size of the unit? A competent storage facility will offer storage areas of various sizes, from tiny containers to huge warehouses. As you might expect, the expense of a storage unit rises with its size.

Having said that, customers are often charged per square foot of storage space. Storage facilities frequently provide per-square-foot savings. This means that larger units are relatively cheaper in terms of square footage. As a result, depending on what you need, a smaller unit may not always be the most cost-effective choice for you, so take that into account when selecting a self-storage unit.

Location Of Your Self Storage

While looking for a storage unit, location is a crucial aspect to think about. It is also one factor determining whether the price is higher or lower. The closer your apartment is to the CBD, the more expensive it will get. The rationale goes that the price of real estate in business districts is higher than on the periphery. Pricing in major cities will be much higher than in the outskirts.

We strongly recommend a safe and secure self storage closer to you if you’ll store stuff you require regularly.

Duration Of The Stay At Safe And Secure Self Storage

The length of your rent may influence the amount of rental you must pay. Businesses are often willing to give you a deal if you stay with them for a long. The more you use the service, the lower it becomes, just as in retail and wholesale.

Whichever storage unit you require, leeveit will provide you with the best possible price. We promise that you will discover the finest storage solutions in the Phillipines since we have one of the largest online directories of storage units in the Phillipines.

Indoors or outdoors?

While hunting for self storage Philippines, think about the various types of units that the storage facility has. Outdoor units let you drive to your unit, making access and convenience considerably easier. Nevertheless, you must consider the weather and how dry the units are. Further, indoor storage spaces are safer and dry, although they may be on higher floors. However, such units can come up with added benefits like climate control and other alluring perks— potentially affecting the unit’s price. 

Cost Of Replacement/ Insurance Cost 

Another vital factor to consider while choosing the storage facility is the replacement or insurance cost. Storage companies will either require you to purchase their insurance or furnish your own. Even if you choose a reputable storage service, you never know what may go wrong, so insurance is always a good idea.

Insuring your belongings is especially important if you are storing a large number of high-value things. Always speak with a provider to see if there is anything you cannot keep in their units. Jewelry, watches, cash, and perishable products are usually unwelcome.

How leeveit Can Help?

If you are skipping the storage unit option just because you do not want to waste the extra pesos on getting the insurance for your items, consider leeveit! We automatically have you covered with insurance. Do not worry; we are not just providing any discount to insure your items. Instead, we cover it for you. 

Whether you are a keeper or a leever, we take care of the insurance in the following way:

• For Keepers

Your space is safeguarded against potential harm from stored things— Up to ₱ 100 thousand for property damage.

• For Leevers 

We cover the stored items— Up to ₱ 1 million insurance coverage for items stored.

Amenities Of Self Storage Philippines

The more the amenities, more is the price of your safe and secure self storage. Storages with padlocks, CCTV, security guards, smoke detectors, elevator access, fire alarms, and more can ease your mind. However, bear in mind that it can potentially shoot up the price by a few more pesos. So, pick only what you need. 

With us, you can do that easily. Just filter out the items you need and search for the best suited from our inventory to become part of the company that will be a major player in 2023.

Final Word!

On average, self-storage in the Philippines can cost anywhere from PHP500 to PHP 10,000 per month. However, this cost can increase significantly if you require a larger unit or additional services such as climate control, 24-hour security, or insurance coverage.

When determining how much you should pay for self-storage, it is important to consider your specific needs and budget. Overall, self storage Philippines can be a convenient and cost-effective solution for storing your belongings, especially if you don’t have enough space at home or are planning to move. However, it’s essential to factor in the cost of self-storage when budgeting for your expenses to ensure that it is a financially feasible option for you.

FAQs

Is self-storage for my spaces a good idea?

This can be a great idea for empty or unused space, as it has the potential to generate a steady income stream over time. However, like any investment, it comes with risks, and it’s essential to do your research and due diligence before investing in self-storage. But, with leeveit, you won’t need to give it a second thought before making this investment as we come with features like Up to ₱ 1 million insurance coverage. 

How much do you pay monthly for storage?

The cost of monthly storage can alter depending on several aspects, such as location, unit size, and amenities. On average, you can anticipate paying anywhere from ₱ 350 per month (per sqm) to ₱ 900 per month (per sqm) for a standard storage unit, although the cost can be higher for larger units or more specialized services.

What is the price of the smallest storage unit?

The price of the smallest storage unit can vary depending on the storage facility and location. However, on average, you can expect to spend around ₱ 350 per month for a small storage unit, which is typically around one square meter in size. It’s important to note that prices can vary significantly depending on the location and demand for storage in the area.