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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. 

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.

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.

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.