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RV and boat storage makes a great add-on to a thriving storage business, but it can stand alone as a smart business venture if you go into it with your eyes wide open. For one thing, RV and boat storage requires considerably more space than a regular storage operation so your land costs will be increased over what you would need for a traditional storage business. While RV and boat storage can be a great investment, you need to make sure that your local market needs such a facility. Open space near campgrounds, lakes and other bodies of water make ideal locations for storage facilities.
When you offer more than one type of space, the layout of your facility should make it easy to get from one section of units to another.
The cost of building a single basic canopy unit, one that doesna€™t include secure housing around the RV or boat, will cost around $20 per square foot. If you are able to charge the average market price for your RV and storage units, you may be able to pay off the cost of each storage unit in a year or two. The right layout and number of units are two essential ingredients to a successful storage unit, and they are difficult to change once you have begun construction on your new facility. Self Storage Blog: The Storage Facilitator How can you hop on the boat and RV storage bandwagon? Established self-storage facilities increasingly are adding boat and RV storage to tap into a new stream of revenue.
As aging Baby Boomers buy retirement “toys” such as boats and RVs, they need places to store them, self-storage consultant Bob Copper said. Caesar Wright, president of self-storage construction company Mako Steel, noted that strict enforcement of zoning laws often prevents people from parking their boats and RVs on neighborhood streets. This has opened up a new market for self-storage facilities that have sufficient land to accommodate the growing boat and RV clientele, Wright said. Wright said the trend of adding boat and RV parking structures to self-storage facilities is gaining momentum. Boat and RV storage can be as simple as a gravel parking lot or as elaborate as fully enclosed structures with climate control. The average size for a boat or RV space is 14 wide by 40 deep, or 560 square feet, Wright said. Because boats and RVs can cost at least $200,000, many owners want to make sure they’re sheltered from harsh weather, he said, and protected from thieves and vandals. Because you’ll need aisles that are 50 feet wide to accommodate boats and RVs, only about 35 percent to 40 percent of the space you set aside for boat and RV storage can be rented, he added.
If your area already features a lot of boat and RV storage, you may be better off sticking to conventional self-storage, experts say. Many people Wright works with say the cost of labor and materials for such projects generally ranges from $25 to $35 per square foot. Matt Langer, who owns and operates Sentinel Self-Storage in Sherwood, OR, said his family recently developed a boat and RV storage facility on unused farmland that his family owns.
While it will take decades to repay the construction debt, the new facility already is covering all of its costs, he said.
The project includes a combination of covered and fully enclosed units, surrounded by a security wall.
Langer said his family decided to make the investment after hearing complaints from self-storage customers about the lack of boat and RV storage in the region. Welcome.The Storage Facilitator is the modern self-storage professional's destination for useful education, intriguing news, diverse expert perspectives, technology updates, and beyond.
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This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. The per-square-foot cost of building this structure is more expensive than that of traditional self-storage because the buildings require more support for the large door. A power operator is also commonly used to operate the door. Whether you are looking at Roof Canopies, Partially Enclosed, Fully Enclosed, Angled Enclosed, Condo Units or Clear Span, Mako Steel has designed and built them all. RV owners want affordable RV storage solutions.A If you live in Orange County, Los Angeles County or in the Inland Empire you already know how difficult it can be to find a great RV and boat storage facility that makes sense.A Why Does this RV Storage make sense?
If you own a boat and youa€™re looking for that smart choice that gives you a variety of spaces sizes for that personal fit for your boat, then we can assist you.A Affordable boat storage or boat trailer storage needs to be accessible for even the inexperienced driver who may worry about getting in and out of their spaces. Finding that perfect balance between price and quality of service is hard to find when it comes to vehicle storage.
When you compair RV storage facility you will find that no other facility offers the same quality of service, amenities, security and access.
In total, you can expect to need at least 300,000 square feet to accommodate all of the storage spaces as well as parking and other buildings.
In order to build a successful RV and boat storage facility, you need to think about the big and small pictures at the same time.
But make sure you will offer something that other established facilities dona€™t already have. The units should also be built on either side of any established drives so that you maximize the use of the roadways. You may need to work with the city to create or change the entrances to accommodate the size of the RVs and trailers. While the exact costs will vary depending on the materials used and the area where you live, you should count on spending at least this much.
However, if you are in a competitive market and will need to offer discounts or reduced rate units, it may take longer to get a return on your construction investment.
To make this type of project work financially, you typically need access to inexpensive land. But if you decide to go forward with boat and RV storage, you’ll need to check with your municipality to make sure local regulations allow this use.
Copper said the price tag can range from several thousand dollars to hundreds of thousands of dollars. It’s one of several commercial projects that’s been undertaken on the family’s property, including traditional self-storage. Although the project cost about $5 million, the investment already has begun to pay off, he said, because of the great demand for storage space in his area.
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Operators who have extra land can consider adding a standard storage canopy or simply designating an area for outside parking. The only security for the client is the initial gate access to the property. Also, there’s zero protection from the elements, as the vehicles are simply parked in an open area. When it comes to weighing costs, many business owners forget to consider whether their storage canopies or three-sided RV-storage units are considered “buildings” by their local tax authority. Fire sprinklers, which increase construction costs and ongoing operational expenses, are another overlooked outlay. The additional structural strength required by these oversized units also increases the cost of building components. There are four main types of Boat and RV storage and each has advantages and disadvantages for you and your tenants. The units are mostly protected from the environment but are not individually separated from other units.
With only a roof, this structure will protect the vehicles from the sun, but it may not protect them from rain, snow or wind.
Youa€™ll need to make sure therea€™s a nice flow to the property, where the boats and RVs can easily get in and out without having to back up. If you compared all other storage facilities with regard to quality of facility, amenities included free, hours of access and the price you would pay per month, you would understand why this RV parking facility is your first choice. Keeping your car safe and secure is first on everyonea€™s mind when choosing a car storage facility. Also, make sure that there are enough boat and RV owners looking for a place to store their big toys for your business to thrive. Enclosed units offer more security and sun & weather protection than open storage spaces or canopy spaces. If you have a main office on-site, it should be clearly marked and easy to access as soon as a customer drives up to your storage lot.
In addition, the adjacent streets must be able to handle vehicles of such size turning in and out of your parking lot.
Facility owners typically don’t acquire land to add boat and RV storage if the cost is greater than $5 per square feet, Wright said.
It is mostly protected from the environment, but is not individually separated from other units. This will have a significant impact on the tax assessment, so be clear before you make a decision about unit types to build.
The total price of RV storage usually ends up being slightly higher than that of traditional self-storage but significantly less than climate-controlled storage. It is fair to assume that the more substantial the structure, the more expensive it will be to build. These are often used in areas prone to snow, as they provide more protection than open canopies.
This may require a second exit gate if there isna€™t adequate turning distance around the buildings. Research the area to make sure that you will have a demographic to market to before you begin to set up shop. You also need to factor in fire codes when it comes to spaces between buildings, and the necessary hydrants or fire sprinkler systems in your buildings. Other costs associated with building new storage include security cameras, alarm systems, landscaping, permit fees and payroll overhead for hiring and training. This type of storage is often used in areas prone to snow, as it provides more protection than open canopies. This type of structure will protect vehicles from the sun, but there is little protection from rain, snow or wind. We can also say that the more substantial the storage structure is, the more protection and security it will provide to the very expensive vehicles stored within.
They'll usually have an eve height of about 16 feet and a 12 -by-14-foot door to accommodate even the largest RV. The cost to build this type of structure is more expensive per square foot than traditional self-storage because the buildings require more structure to support the large door. The constructions costs wona€™t pay off if you dona€™t have enough regular long-term renters.
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