This is about the easiest decision—the closest thing to a no-brainer—a co-op or condo board of directors will ever need to consider: what to do with vacant space.
Install storage lockers. If you already have storage lockers, install morestorage lockers.
What other building amenity pays back its initial investment in a year or two, turning a bleak, dark hovel in the basement into a perpetual money machine while making closet-space challenged residents very happy?
“It's a great advantage to either selling or renting a storage unit because most of the units really are designed so that every little corner is used,” says Judi Allen, PCAM, district manager at KW Property Management and Consulting in Clearwater. “They don't really build in a lot of storage, and when people move from homes and they move into condominiums, they realize they don't have an attic, they don't have a basement, where are they going to put their Christmas decorations, where are they going to put their bicycle? So, it's definitely a benefit to have a building that has storage facilities available.”
Most condos that Judi Allen manages have some sort of storage facility, depending on the layout and structure of the condominium and the needs of the residents.