Design/build is a popular approach to self-storage construction, but it can be expensive, especially with today’s high interest rates and inflation. Managing costs has never been more important, especially if you’re building a smaller project. Let’s face it: During the planning phase, you’re likely to be investing your own capital before securing financing.
In this video, industry owner and author Mark Helm shares a money-saving alternative to the traditional design/build process that’s tailored for single-story, drive-up self-storage facilities of less than 60,000 square feet. It’s designed to help you minimize those early out-of-pocket expenses and stretch your dollars until outside funding comes through. Helm explains how shifting bank requirements after the pandemic forced him to rethink his development process and how he adapted to stay financially nimble. You’ll hear about each step of the approach he uses today, including practical, real-world tips. This approach is good for boat/RV-storage developments, too!
Related:Building a Dependable, Repeatable Construction Budget for Your Self-Storage Projects
ISS Staff
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