10% Of SMEs Use Basement To Store Stock

Basements are growing in popularity among homeowners for many reasons – they are ideal for use as wine cellars, they are fantastic as extra storage space, or they can be renovated into other rooms to extend the property.

However, one reason why basements are great assets is because many small and medium-sized enterprises (SMEs) adapt them into a place to store their excess stock.

According to Direct Line for Business, 71 per cent of SME owners have used their homes as a stockroom, and 38 per cent have even converted a room into a designated area for their products.

Out of the SMEs that use their home for stock storage, 11 per cent keep their goods in the basement, which is more than those who use their living room, conservatory, attic, main bedroom or kitchen.

Carly Menken from Direct Line for Business said: “As more people are choosing to work for themselves, it’s no surprise that so many business owners are turning to rooms in their own home to facilitate stock as a cheaper alternative to external facilities.”

She did warn SMEs, however, to make sure they have the right insurance in place in case of damage or theft, as home insurance will not protect their business products.

This could be especially important for those who store goods in their basement, as they can often be damp and excess moisture could damage some of the stock.

To make sure your basement is entirely dry, call a damp proofing expert in Middlesex. By waterproofing your basement, you could take advantage of the extra storage space for your business products without spoiling them.

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