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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.

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.

The time it takes to build a closet varies widely depending on the project's size, complexity, and level of customization. On average, construction can take anywhere from a few days to two weeks.

A simple reach-in closet might be completed in less than a day, while a more complex walk-in closet could take one to two days or more. A typical project often falls in the 2-to-5-day range. However, a large, highly customized walk-in closet that requires structural changes, like moving a load-bearing wall, will take significantly longer.

A professional contractor can provide the most accurate time estimate for your specific project. If you are planning a DIY build, it is best to budget additional time.

The vertical space between closet shelves depends on what you're storing. For clothing like shirts and sweaters, 10 to 12 inches is enough. Towels and linens need 12 to 15 inches, while tall storage bins may require 18 inches or more. Overcrowding your shelves can reduce accessibility and increase clutter, so be sure to leave breathing room for your items.