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There are a few reasons custom closets are expensive: materials used, the luxury factor, and time to build. The people who can afford custom closets are those who can afford increased rates, and construction workers and contractors know this and charge accordingly. The time to build custom closets is substantial, especially if expensive material is being used or intricate details (like carved wood) are added to the project. 

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.

We use storage in nearly every room of the house, so it's no surprise that we lose track of things from time to time. The best way to organize storage is to declutter each year to cut down on auxiliary items that can be donated or tossed. Once you decide what's worth keeping, create an inventory list for all boxes you won't open for at least six months.

If you’re on a tight budget, the least expensive material you can buy for DIY closet shelves is chipboard, a.k.a. particle board. This inexpensive material is made from a pulp of sawdust, resin, and glue that’s pressed together under high temperature and pressure. As you can imagine, it’s not very sturdy and might buckle under your blue jean collection, so you should only use it if you’re storing very light items.