Chicago Relocation
 

Joseph Ver on Storage Options

May 31, 2012

Filed Under
Chicago Real Estate
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John D’Ambrogio

When planning on relocating, there are many factors that come into play when deciding on your
new home. The location, school district, shopping areas, and size will all be questions that are
brought up when finally settling on where you will live. Especially if you plan on renting, you
would probably want to keep costs at a minimum without sacrificing the quality of your future
home. Think about downsizing on the size of your home while using a storage unit especially for
temporary living conditions!

When would storage make sense when choosing a smaller home? Take two potential homes and
compare the monthly payments. Take into consideration estimated utilities as well. If Home A
costs 1,500 a month with utilities and Home B, a smaller living area, costs 1,200 a month with
utilities, your storage unit should be less than 300 dollars to save money by using a storage unit.
Here’s a quick little equation to help make your decision:

(Home A’s living expenses) – (Home B’s living expenses) – (monthly cost of storage) =
monthly savings/loss

Of course, this might not be the best decision for everyone. Instead of using storage, you can also
save money by getting rid of the things you would place in your unit. Also, don’t sacrifice a great
living space for something smaller just to save a couple of bucks. Using storage as an option
for downsizing is a case by case decision that you need to decide yourself. An average 10’x10’
storage unit in Chicago can run around 100-200 dollars, so keep that in mind when thinking
about the possibility of downsizing into your new place.

Joseph Ver is part of the SpareFoot marketing team. Search for storage near you with
SpareFoot.