Homebuyers and sellers are demanding more self storage due to the housing market boom. Due to low inventory and high prices, many buyers are downsizing. Downsizing increases storage center customers. The majority of homebuyers are millennials. Millennials like biking, camping, and water sports, which require storage.
Sellers use self-storage units too. A storage unit can help sellers declutter their homes for staging. To maximize property value, remove clutter before photos and open houses. In a 2021 National Association of REALTORS survey, 23% of buyer’s agents reported that home staging increased offer prices by 1% to 5%, and 18% by 6% to 10%. Since it can affect the home’s market value, sellers should store their belongings until after the appraisal. Due to fast home sales and closings, sellers may have to move out before their new home is ready. As a result, sellers will often temporarily store their belongings in a unit while they wait for their permanent residence.