Now is a Good Time to Invest in Self-Storage

This is no sales come-on or a case of reverse psychology. During this time of economic uncertainty, you should seriously consider getting into the self-storage business. And if you’re already in it, now is the time to add another phase or start building another facility.

Why? Here are some very compelling reasons:

Today, self-storage building prices are lower than they have been in years. Now is the time to get a great deal before the economy strengthens and price of materials go up, because you can rest assured they surely will.

Manufacturing production schedules aren’t as long as usual, because there are fewer jobs in the pipeline. This means faster scheduling.

The price of land has decreased substantially. Don’t wait for it to start increasing again before you act.

Even though interest rates are low, banks are requiring higher down payments. As a consequence, if you don’t have the where-with-all to invest on your own, you should consider partnering with others. Why not get started now, while others are waiting on the sidelines to see what happens. We may be able to help you locate suitable partners.

Construction costs are lower and construction management is less complicated. With fewer projects these days, you get special attention and faster turnaround.

Permitting approval times are shorter because city and county officials aren’t as swamped with their normal number of projects.

Conventional wisdom has taught us that while the industry isn’t recession proof, it certainly is recession resistant.
All of these are good reasons to act now. When times are tough, that’s the time to buy, because your investment costs are low, plus your project is bound to appreciate when things get back to normal.

BETCO continues its exponential growth and now does business worldwide. Whether you are looking for guidance on obtaining a construction loan, refinancing a property you currently own, or just looking for advice on how to get started. We can help set your expectations, as well as work with you to identify a program that best fits your needs.

BETCO will design at no cost to you, a free site specific, preliminary site layout to give you a starting point as to how to design your site. All you have to do is to send us a survey, plot plan or tax map that gives the specific boundaries of the property.
Feel free to contact us with any self-storage business questions..