How fast Can an Expert Develop a Self Storage facility from scratch?
- May 4
- 1 min read
Updated: 6 days ago
Much faster than the average of 3 – 4 years.
Description Time
Find Land 2 months
+ Build team
+ Prepare design standards
Close on land 1 month
+ prepare Concept Plan
+ Start boundary survey
+ Get proposal for Engineering
+ Get Proposal for Architectural design
Design site plan and building plans 2 months
Site plan approvals & related approvals 2 months
+ Discussions with Bank 2 months
+ Discussions with Bidders
Building permit plan approval 1 month
+ construction bid 1 month
+ Initial bank application
Bank Approval 1 Month
Construction 11 months
Contingency time 1 Month
Start to Grand opening = 24 months
Now remember I said time for a self storage expert. Most people are not experts and will take longer.
Even if you double the time and then add in a couple more years to fill your facility, there is no better way to build long-term income and wealth.
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