Are You Paying To Store Things You Haven't Used In Years?
Monday Sep 05th, 2016Share
$50,000 to store gloves for 20 years? (Don’t get caught in the storage trap.)
Mon, 23 Nov 2015
One of the biggest challenges when downsizing to a smaller residence is what to do with the things that won’t fit into your new home.
People often think they will just store items while they think about what to do with a couch that won’t fit, boxes filled with things they haven’t had time to go through, or a dining room set and china they want to save for the kids.
This may be a good strategy for a few months, as a 10’ x 10’ storage locker is about $200/ month. However, storage can get very expensive over time. We recently helped a client clear out her father-in-law’s storage locker which he had held onto for 20 years.
When they had finished going through everything, all they ended up keeping were a couple of pairs of mitts. They totaled up what he had spent over two decades and it was well over $50,000.00! Ouch!
Here are 5 tips to avoid the storage trap:
- Allow yourself time to appreciate the emotional connection you have to things, then let go - this is the hardest part of downsizing
- When planning a move start sorting through your home early. We recommend 9 – 12 months ahead of time
- Make an inventory list for each room and allocate a destination (new home, family, selling or donation, recycling, etc.)
- Keep the word ruthless top of mind. If you haven’t used it, worn it or read it for the last 2 years, chances are you don’t really need it in your life
- Think to yourself, “I am turning over a new chapter in my life, and I don’t want the burden of carrying around things I have had for many years.” Start fresh!
Don’t get caught in the storage trap.