When thinking about renovations, homeowners always want to know whether they can recoup the money invested upon the sale of the home. Nobody wants to spend thousands of dollars on an improvement, just to leave it behind in a few years for somebody else to enjoy. At least, not without receiving some of that value back.
If you have dull or underutilized closets and are considering realizing their full potential through a custom closetsystem, you may be wondering whether it’s a worthwhile investment.
It’s impossible to give exact numbers because the housing market differs everywhere, and the cost of a custom closet varies so widely from project to project, but there are a few things to consider when it comes to investing in custom closets for your home.
How Much is a Custom Closet, Anyway?
The price of a custom closet varies widely depending on the size of the space you are working with and the features and finishes you wish to add.
A very basic closet remodel consisting of adding some shelving and an extra rod might be $400. Most professional closet installations will cost between $2,000-$6,000 dollars.
How much of that investment you receive back upon selling the home depends on your local housing market, but chances are it’s less than 100%. But determining the value you’ll get out of your new wardrobe is much more nuanced than dollars and cents.
Custom Closets Make Your Home More Attractive, Marketable & Sellable
Even if we can’t give you an exact return on investment from a closet remodel, what we can tell you is custom closet systems sell homes.
Realtors overwhelmingly agree that storage never goes out of style, and the more appealing your storage looks, the more likely you are to get offers closer to your asking price.
Buyers see an organized closet as a luxurious feature, despite the majority of projects being remarkably affordable. By the time they view your house, most home-buyers have probably seen their fair share of empty, dry-walled storage or bland rod-and-hook closets. When they walk into a closet that is tailor-made to accommodate a diverse and ever-growing wardrobe, it quickly becomes a major selling point of the home.
Custom Closets Create Space
When you invest in a custom closet that is handmade to suit your home’s aesthetic and your possessions, you can see the benefits throughout the entire house. An organized home appears bigger, cleaner, and overall easier for the potential buyer to envision themselves in.
Every realtor will say that getting rid of clutter is essential to staging your home for the market. Why? A cluttered home appears smaller than one that makes intelligent use of its space, and buyers don’t want to move-in to a home they think they will soon outgrow.
But you can’t just take all that clutter and hide it in the closet; the buyers are going to look in there too! If the closet is cluttered and disorganized, they will view the house as being too small for them. The best way to show them the home’s real potential is to utilize it yourself.
By making expert use of every square inch of your closet, buyers see a house that is spacious, luxurious, and accommodating.
Smart Storage Shows Pride in Your Home
Home-buyers often say they are looking for a home that is well taken care of by the previous owner. When they walk into a closet that is organized and tailored-made to maximise its potential, it creates an image of an owner who is prideful of their property, and has been committed to preserving and improving its function and appearance over the years.
They say the perception is the reality, and the phrase is never more accurate than in real estate. Comprehensive storage systems create a positive impression of both you, and the value of your home.
A Custom Closet Complements Your Home’s Aesthetic
Most people don’t think of their closets as decorative features, but just a practical space to cram their clothes and excess items that don’t belong anywhere else. With a custom closet, you can complement the home’s interior aesthetic, creating a house that is completely tied together in every aspect.
Home buyers lose their minds when a home’s style is consistent throughout every space. Whether you lean toward modern, contemporary, or rustic design, there is a closet that can integrate seamlessly and create a home that is beautifully consistent.
Is a Custom Closet Worth it?
So let’s get to what you want to know; is a custom closet a good investment?
Ultimately, whether a custom closet provides enough value to be worth the cost is up to you. We’ve discussed how custom storage moves houses off the market, but the benefit you get out of your closet depends on your needs and your lifestyle.
If you are looking to sell the home soon, a custom closet might not be the best dollar-for-dollar investment. However, if you want to enjoy the benefits of an organized and functional home in the meantime, it’s a small upgrade that has a massive impact on a home’s value.
Another Kind of Value
There’s another kind of value that is independent of the housing market; the value you are getting out of your home right now. If you’ve recently moved in and plan to stay awhile, how valuable is an organized and clutter-free home to you?
How much do you value the time you will save getting dressed every morning when all your clothes, shoes, jewelry, and accessories are organized and displayed neatly?
Naturally, custom closets offer a unique level of functionality. You designed it right from the drawing board specifically for you. If you are the kind of person who values order and cleanliness in your home, it’s near-impossible to quantify the improved quality of life you will enjoy from having an attractive and practical solution to your home-organization.
If you get stressed out just looking at your closet, the peace of mind of an organized and accommodating space is probably valuable enough to justify the cost, especially considering that you can create the perfect storage space on just about any budget.
The Bottom Line
When considering how much value a custom closet adds to your home, think less about dollars and cents, and more about time and lifestyle. If you are trying to squeeze every dollar out of a home sale, look to the kitchen and bathrooms for the best return on investment.
If you are looking to make your house a home, and transform it into a place that is built to complement your lifestyle, you could call it the best return on investment of any home improvement project. The home’s superior marketability is just icing on the cake.
At the very least, it never hurts to get a free consultation and explore the potential your closets can achieve.