We get it, we\u2019re all guilty of having too much \u201cstuff.\u201d\u00a0 Although the practical decision would be to downsize or donate, you may decide one day that you want to ride that mountain bike you haven\u2019t touched in two years. You\u2019re definitely going to ride it again one day, right?\r\n\r\nIn the meantime, where can you store that bike and the other items that are taking up valuable space in your garage?\u00a0 Two popular options are purchasing a storage shed for your backyard or renting an off-site storage unit. The real question is which one makes more sense for your needs? Find out which one suits you better \u2014 a storage shed vs. storage unit.\r\n\r\nStorage Shed vs Storage Unit: Cost\r\nThe first factor to consider is cost. A storage unit is paid for monthly, just like rent, while a storage shed you pay for up front, in full. Additionally, some storage units require a security deposit, administration fees, and require you to purchase a specific lock. Close to one-third of storage unit renters will rent for several years. In five years\u2019 time, you would have spent close to $4,315 on a 5' x 10\u2019 storage unit, and that\u2019s for rent only. Meanwhile, the average cost of a larger 8' x 10' storage shed is about $2,175, and you own it for a lifetime.\r\n\r\nHowever, if you aren't ready to pay for a brand new shed in-full at the time of purchase, you do have an option beyond leasing out a storage unit.\u00a0 For example, Penn Dutch Structures offer a rent-to-own program on their selection. Using the rent-to-own option, you can add an 8' x 10' shed to your backyard, paying just $101 per month, and take ownership after just three years.\r\n\r\nStorage Shed vs Storage Unit: Convenience\r\nTo fill your storage unit with all your extra stuff, you might need to rent a truck (which will cost you even more money) or borrow a friend\u2019s vehicle to haul everything to your unit \u2014 and this may take multiple trips. Going to retrieve items from your unit may take more time or expenses.\r\n\r\nNot all storage units are available 24 hours a day, but your backyard storage shed is. With your backyard shed, there\u2019s no need to\r\n\r\nrent/borrow a truck or set aside a specific day to drop items off or pick things up. Simply walk out your back door, and it\u2019s all there any time you need it.\r\n\r\nStorage Shed vs Storage Unit: Insurance\r\nWith a storage shed, items in the structure, and the structure itself are covered by your homeowner\u2019s insurance policy. Meanwhile, items in a storage unit are not covered and many storage unit locations do not offer independent property insurance. This means, if items in your storage shed are damaged, you\u2019re covered, but a storage unit\r\n\r\nStorage Shed vs Storage Unit: Property Value\r\nLastly, adding a storage shed in your backyard can increase your home's property value. By adding extra storage, which is attractive to potential homebuyers, your property has an advantage if you ever sell your home. A storage unit does nothing to add to the value of your current home.\r\n\r\nAre you ready to add some extra storage right in your own backyard? Check out our shed options or visit us in person at The Markets at Shrewsbury.