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Custom closet renovations offer a return on investment of 50% to 60%. This means that if you spend $2,000 on a closet remodel, you can expect to see your home's value increase by $1,000 to $1,200. Investing in a custom closet allows you to enhance your daily living experience while building equity.

A "reach-in pantry" is a smaller, cabinet-style pantry that allows you to grab items by simply reaching inside. On the other hand, a "walk-in pantry" is like a closet or small room that offers a larger space that you can physically enter to get your food. Walk-in pantries allow for more customizable shelving. A reach-in pantry is usually around 5 feet wide by 2 feet deep, while a walk-in pantry is closer to 5 feet by 5 feet or larger.

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.

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.