|
Turn your storage expenses into an asset!
Why rent when buying and owning costs less and you can recover your investment when you wish?
Let’s Compare Renting VS Owning
Storage condos are rapidly growing in popularity in the United States. As real estate gets more expensive, and available real estate dwindles, storage and shop space starts coming at a premium.
USAGarageCondo at Rio Salado adheres closely to the primary maxim of real estate investing; that being Location, Location, Location! And it does so in Phoenix, Arizona which has grown from a “town” of about 125,000 in the fifties, to the fifth largest city in the United States with no indication of letting up.
A storage condo can fill almost everyone's storage needs. Whether you are storing business inventory or records, an RV, a boat, a collection of classic cars or just the “stuff” one seems to collect in life, a storage condo fits the bill.
The ability to own your own personal warehouse is a relatively new concept so an analysis of appreciation is difficult to do for a lack of research data but we do know certain things that aren’t likely to change in the real estate marketplace.
Real estate is going to continue to become more valuable and this is especially true in Phoenix, Arizona. As Will Rogers once said, “They aint making any more of the stuff.”
- Construction costs will continue to rise. This is guaranteed because we have a government that spends more than it brings in. It’s not really that the construction materials or labor become more valuable, it’s that the money becomes less valuable.
- In order to keep escalating costs down, residential developments do not offer lots large enough to accommodate storage structures in the backyard.
- Neighborhoods no longer allow RVs and such to be stored on site.
A storage condominium is a real estate investment, appreciating just like a home or an office building does. Just like purchasing any other type of real estate, you receive a deed at closing and while we’re not tax advisors, if your garage condo is used for business purposes, the interest is deductible and the purchase is a depreciating business asset.
- Build equity through appreciation and amortization!
- Low, fixed monthly payments with NO rent increases!
- Individual control of your space and its design—increase the value of your property, not your landlord’s!
- Expenses for improvements can be recaptured at the time of a sale of the property rather than lost as is the case on a lease property!
|