Friday, April 26, 2019

Useful And Essential Facts About Farmington Self Storage

By Donald Campbell


Americans are notorious for exercising consumerism to its greatest extent. Americans want the biggest or the most of everything, including automobiles, houses, storage spaces, clothing, and even food. This can be indicated by the increase in the square footage of homes owned by Americans now and a few years ago. Statistics indicate that homes have grown exponentially in size in the US in a few decades. Here are facts regarding Farmington self storage.

It is this huge demand that is leading to a steady growth in the self storage industry. History indicates that it has taken only a few decades for this industry to grow into a very huge size with thousands of storage facilities. The thousands of facilities own millions of square feet in space that they lease to the public to store personal and commercial belongings.

A great part of the industry is owned by private citizens. Generally, individuals own about 80 percent of the facilities while companies own just about 20 percent. There are no facilities owned by the government where citizens can lease to store their items. However, the government plays a big role in the industry by coming up with regulations and enforcing standards to be followed.

The facilities are mostly used by individuals basically to store home appliances and other personal items. Most of the stuff that people usually store in these facilities are extras which cannot be accommodated in their homes. Therefore, there is need to get extra space outside the home where such items can be kept.

Besides people storing excess belongings, they also use these facilities to store belongings when they are moving. When one is moving out of or into a new place, they may need somewhere to keep their belongings for a while. These facilities turn out to be a perfect solution in such cases. One can store their belongings as long as they want in these establishments.

Businesses are increasingly beginning to use these establishments despite individuals making the majority of clients. As per recent research, 30 percent of clients are now businesses. Self storage is an impeccable option for businesses, especially as businesses continue to experience an increase in their storage needs. The need for storing extra merchandise is very important, especially to firms that are expanding rapidly.

It is important to understand that even though the US dominates this industry at the moment, this practice did not originate in the US. The first facility was opened in England in 1850s. The first facilities were owned by banks because people entrusted their valuables with banks while they travelled.

The industry expanded fast and soon bank vaults became overcrowded. Banks therefore started to lease space from moving companies. Years later, the first mini self storage facility was opened. This industry found its way into the US in the 1960s, with the first facility being opened in the states of Texas. Today, the numbers of these facilities has exploded and they are found in every state in large numbers.




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