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How Do Custom Closets Increase the Property Value of a Home?

innovativestor • Dec 23, 2020

If you’re a fan of those home remodeling and home buying shows on HGTV, then you know that custom closets are on almost everyone’s wish list. That’s not surprising when you consider that custom closets can be both purposeful and profitable. In fact, custom closets have been proven to increase the property value of a home.

A custom closet can increase the property value of your home by:

Making it more marketable
Creating a sense of more space
Expressing pride of ownership
Improving aesthetics

Keep reading to discover why installing a custom closet will add value now and when it comes time to sell your home.

Making It More Marketable

Custom closets are a major selling point in today’s real estate market. A report in Forbes found that large walk-in closets are no longer a desired amenity but are now expected by homebuyers. One real estate agent went so far as to say that having no walk-in master closet can be a deal breaker.

A recent report in Qualified Remodeler magazine showed that the average custom closet project provided a 53% return on investment, while RemodelingCosts.org’s Home Remodeling Costs Guide found that custom closets deliver a 100% return on investment. Even more impressive, both resources agree that a custom closet project ranks higher in value than adding another bedroom or bathroom, making a custom closet a sound investment for your home. When you consider that the cost of a typical walk-in closet project ranges from $2,000 to $5,000, it’s a small investment that will pay off with huge rewards when you get ready to sell your home.

Many buyers view a custom closet as a luxury feature, which automatically makes your home seem more valuable. Thus, it quickly becomes a positive selling point. Additionally, custom closets make a home move-in ready. A home buyer simply needs to unpack their belongings into the closet space, and they will instantly be ensconced in organization.

Additionally, Homes.com notes that you may be able to turn a spare room into an extra bedroom simply by adding a closet. This will greatly increase the value of your home and give you the power to ask for more money from prospective buyers.

Creating a Sense of More Space

Many homeowners make the mistake of thinking that custom closets are only for large or walk-in closets, but that’s not the case. A custom closet organization system in a small closet will actually maximize your storage space, creating more room for clothes, shoes, and other items.

An organized closet gives the impression of having more space – something all prospective home buyers are looking for. If a home buyer sees a cluttered closet – one packed with stuff – they will think that the home lacks storage space. You want to give the illusion of ample space so the prospective home buyer can imagine themselves living comfortably in your house.

Expressing Pride of Ownership

The thought process is that if the homeowner invested in an organized storage system to protect their clothes and such, then they also take pride in the overall home and have kept it well maintained. This may give peace of mind to buyers that bigger ticket items, such as the roof or HVAC system, have been properly cared for and will last a long time.

Custom closet systems show prospective buyers that the homeowner has been committed to supporting and improving the function and appearance of the home over the years and that will definitely add to the home value.

Improving Aesthetics

A custom closet system can improve a home’s aesthetics. Homebuyers appreciate when the home’s style is consistent throughout the house and that extends to the closets. Whether your design taste is modern or rustic, or anything in between, there is a closet design to complement your décor and create a seamless style throughout your home.

Just like all home designs, there are trends when it comes to custom closets. Today’s home buyers want his and hers closets, so consider adding a second closet if your home only has one in the master bedroom. To add value to your home, a real estate professional with Century 21 suggests installing a dresser in a large walk-in closet. This is a great idea because it will keep all of your clothing in one spot making getting ready easier and faster.

Conclusion

A house with ample storage is a must for most homebuyers. So, if you want to increase the value of your home, you need to maximize your closet space – and the best way to do that is with a custom closet. They create additional space, give the impression that you are proud of your home, and they look good – all of which will pay off big time when it comes to selling your home faster and for more money.