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WHY RENT WHEN YOU CAN BUY
ONE OF THE GREATEST OPPORTUNITIES IN THE STORAGE industry these days
is due to the popularity of recreational vehicles. In 1997, there
were 9 million RVs on the road and an estimated 30 million RV
enthusiasts. In 2007, 521,000 RV units were sold in the United
States. Today, revenues in the RV market are at an all-time high.
Similarly, in 2007, more than 13 million boats were in use in the
United States. Many states, particularly those on the coast, have a
large population of boat enthusiasts who enjoy water sports. Boats
range in type and size as greatly as they do in price. A new market
focus has been generated with the enthusiasm for such water sports
as jet-skiing.
A contributing factor to the explosion in RV and boat sales includes
increased marketing of such recreation, but industry leaders largely
attribute this boost to the aging baby boomers, which comprise a
large population of adventure-seekers. Most are not content to spend
their golden years rocking away on their front porch. The RV and
boating lifestyle provides the freedom they crave; but this
lifestyle comes with a price tag. For example, basic RVs start at
$30,000, with luxury models going for as much as $2 million. With an
investment like this, storage of recreational vehicles is
particularly important.
Increasingly restrictive city ordinances that ban the parking of
large vehicles in residential areas have contributed to the
popularity of RV & Boat RV storage. Most cities restrict long-term
parking of such vehicles, requiring them to be moved every 72 hours.
Some ban all parking of RVs and boats in driveways, while others
require a petition to be signed by neighbors to allow storage of
vehicles over a certain size. Most new housing developments do not
allow any overnight RV or boat parking, as houses being built
generally have smaller yards than in the past. Finally, many baby
boomers are opting to live in adult communities comprised of
condominiums and townhouses, which means there is often no yard at
all.
As recreational vehicles are a long-term financial investment,
concerns about security and protection from the elements have also
contributed to the storage need. Theft, burglary, and vandalism are
serious fears of RV owners, who recognize the value of a secure
site. RV and boat-storage facilities can provide 24-hour
surveillance in the form of security cameras or personnel, while
streets and yards leave vehicles vulnerable to vandals. There is
also the issue of the elements--sun, wind, ice and snow--all of
which can be extremely damaging. In the case of boats, marina
storage is becoming more difficult to find and leaves the boat
exposed to the elements.
Space becomes the final factor. Even when vehicles are permitted in
yards or driveways, they are cumbersome and can block such areas for
other uses. Facilities specifically designed for vehicle storage
make it easier to maneuver in and out of spaces, as well as to
perform routine cleaning and maintenance.
The people who will profit in the RV & Boat storage market are those
who adjust to meet the demand. There are huge financial
opportunities in the RV & Boat storage market. We have chosen to
enter this market for several reasons:
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There are
very few dedicated RV & Boat storage facilities in existence. Of
those that exist, many are open storage facilities with very few
amenities.
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This type of
storage involves very simple construction. There are no moving
parts except for roll-up doors on enclosed units. Unlike
self-storage that must be built on a concrete slab, RV & Boat
storage can use gravel.
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There is an
untapped market. Very few facilities exist that offer more than
open, uncovered parking. Covered RV & Boat parking protects from
environmental exposure. Most damage to personal property is a
direct result of prolonged exposure to the sun.
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Once the
facility is operational, maintenance is limited to cleanup and
repairs.
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Rents for
storing an RV or Boat range from $200 per month for simple open
parking to $850++ for fully enclosed storage with amenities.
Why Invest In RV & Boat Storage Unit?
A simple answer would be: IT BEATS RENTING! Baby Boomers
investing in retirement, fun, and lifestyle have created record
revenues in the RV market. Each year shows a marked increase with an
estimated 30 million RV units already in the marketplace and
growing.
With city and new developments becoming more restrictive about where
RV’s or Boats can be parked, owners are discovering that their major
investment may wind-up setting in an open self-storage facility with
little security and exposed to the elements.
Today
there are very few professional RV & Boat storage facilities, and of
those that exist, most are strictly open storage with very few
amenities such as security, on-site conveniences, etc. Those who
adjust to meet this demand can ride the Wave of opportunity.
RV & Boat Storage has no moving parts other than roll-up doors for
“enclosed” units. The facility is easy to construct with virtually
NO maintenance once operational other than limited cleanup and minor
repairs.
These
vehicles are a major long-term financial investment of most owners,
and protection is important to safeguard it. Streets and yards are
vulnerable to vandals and the weather and elements are damaging.
Most of us
would be hesitant to park an investment worth $100,000 to $1,500,000
on the street. Even with the ability to store an RV or Boat in a
driveway, they can become cumbersome and block normal usage of
driveways for personal vehicles. Larger RVs or Boats require even
more space.
With homes being built today with smaller back and side yards, and
with many “baby boomers” opting to live in adult communities
comprised of condominiums or townhouses, owing an RV or Boat can be
very daunting if you have no where to store it.
The bottom line:
SIGNATURE STORAGE
FACILITIES OFFER PROTECTION AND SECURITY!
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