Buying a house is cheaper than renting in the long-term and the same exact concept applies to owning your storage space.
Future return on investment through appreciation over time. No throwing money away every month through rental payments.
Can sublease to others, creating a passive income stream. Expenses for improvements can be recaptured at the time of the sale of a property.
No rental increases or renewal hassles. Ideal for long-term storage, low interest Mortgage Loans are available. The property will be an asset on your personal financial statement.
The property may offer tax benefits such as depreciation and the ability to deduct mortgage interest (consult with a tax professional).
Purchasing a storage unit as a real estate investment provides you with an active asset. This means that an investment in a storage unit provides ownership and therefore the opportunity to experience capital growth.
As an owner, your storage unit becomes an extension of your home!