Co-storage: why is it interesting to invest in a cellar?

In some cities where rents are high, not everyone can afford to rent spacious homes or homes with cellars. This is why there is co-storage. What is it and why is it interesting to invest in a cellar? We explain to you everything about this phenomenon, which is becoming increasingly successful.

What is co-storage?

“Collaborative consumption refers to the phenomenon by which consumers share the use of goods or services in a free or paid form.” We can thus mention carpooling, co-couching or even the exchange of services and/or goods between individuals (tools, courses, etc.). Now, another form of collaborative consumption exists: co-storage. But what exactly is it about?
Perhaps you know people who have a cellar, an attic or even a basement that is half full, or even almost empty? The idea with co-storage is to rent out these free spaces.
The principle is therefore quite simple. Cellar owners and others rent a few square meters at lower rates than those of furniture stores, for example. In return, tenants benefit from space to store various personal effects ranging from bicycles to scooters to sports equipment.
Both parties are winning. The tenant saves money while the owner earns money.

Investing in a cellar: what for?

More and more people are betting on collaborative consumption to make ends meet and so be able to afford vacations and others. With co-storage, cellar owners can rent them out and benefit from an additional monthly income equal to around 60 euros or even more.
In total, almost 800 to more than 1,000 euros additional euros can therefore be collected per year for around four square meters made available to other individuals. When you know that renting in a traditional furniture store costs an average of 140 euros per month (or even more), the choice is not difficult to make.
In addition, offering other people to rent a few square meters to store things cheaply is also a way of helping them. For young students as well as for workers with fairly low incomes, co-storage is a bargain.

How do I find a cellar to rent?

To facilitate contact between cellar owners and tenants, but also to cover each other's risks, official co-storage sites exist. Costockage.fr, Ouistock.fr or Jestocke.com are examples. Simple to use, they are reliable and very practical.
You can also search on advertising sites between individuals. Many owners publish their offers there.
Finally, among your loved ones, you may have people who have space to store a few things. Why not talk to them about the concept of co-storage? They might be interested.
But whether you are a tenant or an owner, you have to be attentive to various elements. So here are a few tips to remember.

Co-storage: some useful tips for renters

Have you found a cellar to rent? Attention, several elements need to be checked. First of all, think about what you want to store there and ask yourself if the humidity conditions or the temperatures are adequate.
Also remember to ask the owner if their cellar is properly ventilated, easily accessible, secure, and clean.
Do not hesitate to visit the cellar before investing to see it with your own eyes. You may have missed some details in the photographs.
By using co-storage websites, insurance is included in the monthly rate and a rental contract is available to you. Likewise, multiple tips are offered and area calculators, such as the one from Ouistock, allow you to calculate the area you need to store your things.

Co-storage: some useful tips for owners

Do you want to rent your cellar? To put all the odds in your favor, start by offering a good price. To fix it, think about the space you want to make available, the condition of your cellar or even its level of security.
As for the ad, make sure that it contains all the elements that the tenant needs (surface, location...). After reading your ad, people should ideally have no questions to ask you. Remember to offer quality and useful photos that will allow interested people to get a better idea of what you are offering.
Also mention the conditions of access to your cellar. In general, people prefer those that are easy to reach by car and whose doors or stairs are quite wide.
Is your cellar on the ground floor? It is a significant asset!
Finally, do not forget that the income received with the rental of your cellar must be declared. For now, it's up to you to file this income, but in 2019, that could change. The platforms would then do it for you.
Are you looking for a property in the Paris region? Do you want to call on an apartment hunter? Do not hesitate to contact us. More information on our website
[1] http://www.definitions-marketing.com/definition/consommation-collaborative/
[2] http://blog.ouistock.fr/definir-votre-espace-de-stockage/
[3] http://blog.ouistock.fr/les-criteres-determinants-qui-seduisent-les-locataires/ + http://blog.ouistock.fr/proprietaires-comment-declarer-vos-revenus/