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Bump-out additions can add some space to a closet without requiring any significant structural work. This entails pushing back the existing rear or side of the closet, simply moving the wall into either an adjacent room or unused space. For ground-floor closets, this could even be extended to the exterior of the home, but that has its own complications. Bump-outs are a good discussion to have with your contractor if you’re just looking to increase the space a little—not renovate the entire closet space.

Bedrooms and living rooms generally cost the least to remodel. Of course, the project price will depend on what you're planning to do to the space and the cost of the materials you choose to incorporate. Prices are typically lower than those of other remodels because major plumbing, electrical, and HVAC work isn't often part of remodeling these rooms.

You can turn an adjacent room into a walking closet by just rearranging the room. This means removing the furniture and adding racks and an island in the center if you have that in your budget. Houses with two bedrooms connected to each other are great options for large walk-in closets that don't require any structural changes or much building whatsoever.

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.