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The differences between a built-in closet and a walk-in aren’t that different from a built-in wardrobe and a walk-in closet. It’s fairly simple—a walk-in closet is a closet you can physically enter, stand in, and walk around in. A built-in (whether wardrobe or closet) is more akin to covered shelves installed into a recess in the wall. Another big difference is walk-in closets almost always have traditional full-size doors, while built-ins either have no doors or use sliding doors.

You can budget a little less money for how to build a closet with wire shelves than with wood shelves. Some people don’t like the aesthetics that wire shelves provide, though, meaning they’ll gladly spend a little more to add wood shelves to the build. If you decide to buy pre-made wire shelves instead of building custom-sized wood shelves, you’ll be restricted in the closet shelving dimensions you can use.

Some features and upgrades you can add (some of which increase the closet’s value) are: modular shelving, motion-activated lighting, climate control, custom lighting, cigar humidors, revolving shoe racks, jewelry shelves, custom woodwork, and built-in laundry hampers. While only truly luxury closets have all of these, many custom closets have at least one special feature listed above. 

You can modernize an old-looking closet by just painting it, but beyond that, consider electric elements like recessed or accent lighting. If this is a large and deep closet, you can consider adding an island to the middle or a nice ottoman on a rug. Luxury closets will have even more items, like felt-lined drawers for watches and jewelry, in-wall safes, electronic shoe storage, or a tablet catalog of their items.