So long as your wine doesn't sit on the leese (the fruit bits and yeasties that fall from suspension in the liquid) for longer than necissary, bulk aging (leaving it all in the carboy rather than bottling) is probably better, as your finished product will be more uniform in its completion.
As far as storage goes, if you've got a closet somewhere in your basement, that'd be a good place to put a wine rack. Cool, dark and stable are the best qualities for your storage site.
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