Budget-friendly storage: Tips to save on your next container

Finding a cost-effective storage solution to match your budget can be a challenge. With the right approach and a little diligence, you can save significantly on your next container. For any individual or business seeking to manage storage costs, there are ways to keep costs low. In this article, we’ll provide practical tips to help you save money while still finding a storage solution that fits your needs.

Know your needs

First things first, before you can consider budgeting for a container, you need to have a good understanding of your storage requirements. Think about how much space you need and how long you’ll need it. This helps you avoid overpaying for a larger container than is necessary.

Choosing a container that is the correct size for your needs can impact your budget significantly. Avoid the cost of a larger container if a smaller size will be sufficient. A 10ft container is cheaper than a 20ft container, which is also cheaper than a 40ft container.

Knowing your needs upfront also means you don’t need to replace your container or get an additional one later at a greater cost.

Multi-purpose containers

If you require a storage container for more than one purpose, you can save money by investing in a multi-purpose container. Here at TEU, you can have a modified 20ft container, which offers versatile storage and accommodation or office space.

These are ingeniously modified to integrate functional space with storage space all within a single 20ft container. This means you eliminate the need for separate containers and can save money.

Combined storage units can be set up in several ways. They can have an internal separator door, separate access doors, electrics and water. They can also be stacked with the option of an external staircase.

Hire or purchase

Choosing whether to hire or purchase can impact your budget. In a previous post, we explored the factors to consider when deciding between the two. Whether you’re opting for a temporary solution with a rental or a long-term investment, each option has its benefits. By evaluating your needs carefully - like the duration of intended use and your budget - you’ll find it easier to make a decision. Let’s take a look at the key factors that influence the hire v purchase decision-making process in more detail. 

Budget

Hiring a container has a smaller upfront payment, but comes with recurring costs. You’ll pay rental fees each month that you need the container. Buying avoids this issue, but there’s a greater initial cost.

Duration of Need

Renting is nearly always more logical if you’ll need the container for under a year. Above that, it’s best to run the numbers and see when you’ll break even. Once you get into long-term needs, such as more than two years, it’s nearly always better to buy. 

Capacity to Keep Up With Maintenance 

 Storage containers need the occasional TLC to remain in tip-top condition. If you hire, the rental company will be responsible for the container’s maintenance. If you buy, that responsibility will fall on your shoulders. If you think that undertaking ongoing maintenance will be a challenge, then renting will likely be the better option. 

Dependency

 If you often find yourself with storage needs, then buying a container may make sense. Having it readily available gives you peace of mind that you’ll always have additional storage available if required. 

Choose used, not new

For the budget-conscious, a used container can be a cost-effective option. Used containers are naturally less expensive but no less functional. This means you can save money while still getting a robust container and reliable storage solution.

Key takeaways:

1.         Assess your needs for the size required and duration of use.

2.         Consider a multipurpose container to eliminate the need for multiple units

3.         Consider whether hiring or purchasing is best for your short and long-term needs.

4.         Consider a used container for a cost-effective solution.

Storage containers can become remarkably cost-effective and budget-friendly just by following a few tried-and-tested strategies. By assessing your needs, duration of use, and considering multipurpose containers, you can find a new storage container that’s right for your needs. If that’s not an option, then hiring a container or even buying a used container can make sense.

Looking for the perfect container for your business? Contact TEU Containers today by calling 0151 546 0033 or visiting our contact page.