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Yes, adding a built-in or custom closet generally increases your home's value and makes it more attractive to potential buyers. A well-designed closet adds utility, organization, and a touch of luxury, which are appealing selling points. Most homeowners see a return on investment (ROI) of 50% to 60%; for example, a custom closet can add about $1,000 to your home's value on average. The specific ROI depends on the type, with custom walk-in closets typically providing more value than reach-in closets. However, to maximize value, ensure the closet doesn't significantly detract from the room's usable square footage. Converting an entire room into a closet can actually lower your home's value. Similarly, using overly lavish materials may not recoup their cost. A good strategy is to add a closet that takes square footage from a non-living area, such as a garage, to create a mudroom closet.

How many days it takes to remodel a closet will also depend on the scale of the project. Small changes like installing a prefab kit will eat up an afternoon and no more, while a total renovation could require several days to a week. If you’re planning for the latter, plan to secure other sleeping arrangements while construction is ongoing.

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. 

Fortunately, there are no hard and fast rules or regulations regarding the height of closet shelving. However, the typical height for a single closet shelf with a hanging bar is 70 inches from the floor. For a double-hanging system, use 84 to 85 inches from the floor for the top one and 42 inches for the lower.