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A standard walk-in closet has dimensions of 7 feet by 10 feet at a minimum and an average of 100 square feet. Remember that the dimensions of the closet aren’t necessarily the usable space. This means that a 100-square-foot walk-in closet with shelves on each wall and an island may only have a walkable area of 50 square feet or less. Make sure you consider the effect of additions when you plan the room—mockups are a great idea.

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.

Closet remodels can add a significant element of luxury to your home and depending on how you remodel, a lot of functionality that may have been missing. People underestimate how much they use their closet and one that lacks storage space or just becomes a room full of random items can benefit from a remodel in almost all cases. There's a vast range of pricing for closet remodels—they aren't all expensive.

Different types of closets are defined mostly by size. A few different types of closets include:

• A reach-in closet is a smaller closet that you can stand in front of and reach everything inside it. Aside from the size, the doors and the level of drywall finish are typically the largest price factors.  

• A walk-in closet can be anything from a small 5-by-5 feet closet that has a narrow walkway with shelves on both sides to a 100 square foot bedroom-sized closet with shelving along the walls and plenty of room to move around in.

• A built-in wardrobe often does not have a door and leaves the clothes and other contents open to the room, whereas a closet usually has a door to separate it from the rest of the room.