Custom closets keep your home organized and add needed storage space but they also have another perk - boosting your home’s resale value.
Whether you are looking to sell your home in the near future or want to have an organized space to streamline your daily routines, custom closets are a great addition to your home and can have a positive impact on your home’s market value and appraisal.
Here are some ways custom closets increase the market value of your home:
1. Home is Move-In Ready
Most buyers aren’t interested in doing major work on their new home. They just want to move in and have space for all of their things. Custom closets indicate a well-maintained home, which is very appealing to buyers. The best way to demonstrate your home’s potential is to utilize it yourself. Buyers consider an organized closet a luxury item. When they see a custom closet system, especially a walk-in closet, it shows them there is enough space for their stuff to fit in the home. They will also like the idea that an organizational system is ready for them to start using.
2. Enhances Home’s Functionality
Custom closets have a very high likelihood of selling a home. If your home doesn’t have enough storage space, upgrading the closets in the bathroom or adding a linen closet in the hallway will increase the value and functionality of your home, especially older homes with very small closets. Custom closets generally hold double the amount of items as a standard closet.
3. High Return on Investment
Custom closets sell homes. If you decide to renovate closets in one or more rooms, you are likely to get most, if not all, of your investment back. The blog Home Remodeling Costs Guide reported in its article, Top 20 Addition Ideas, that in addition to a 100% ROI, you can likely get another $2,000 on sale price whether it’s a walk-in or reach-in closet.
Homebuyers find well-designed closets to be a big benefit and they are willing to pay for it. Custom closets will also set your home apart from other similar homes for sale, If it’s a choice between a custom walk-in closet in the master bedroom or a small reach-in closet, the buyer will choose the former, even if they have to pay a little more.
Custom closets are in high demand and they help sell a home quickly. As noted in Kiplinger’s in the article
11 Home Features Buyers Want, a walk-in closet in the master bedroom is one of the most sought after attributes buyers seek. Other walk-in and reach-in closets also make a home more desirable.
4. Upgrades Your Home’s Classification
If you add a walk-in closet to a den or other room, you automatically create a new bedroom, which opens your home up to a larger audience and pushes your home into a higher pricing category. In most housing markets, the difference in price between a two-bedroom home and a three-bedroom home or a three bedroom to a four bedroom home can be significant.
5. Creates a Sense of More Space
Regardless of the size of your home, custom closets creates the illusion of more space.
Buyers don’t want to move into a home and then worry about outgrowing it in a few years. A cluttered, disorganized home looks smaller than it is. On the other hand, a clean, organized closet appears more spacious and buyers can imagine living in the home and fitting all of their items in the closet. will believe all of their items will fit.
6. Increases the Appeal of a Smaller Home
If you have a small home, you may not have considered getting a custom closet because you don’t think there is room for it. The smaller the home, the more impact a custom closet can have. In a small home, storage space is at a premium and a custom closet will maximize the home’s space and give the home a refined look buyers respond well to.
7. Keep up with Current Trends
Pay attention to the current trends in closet organization. Buyers will find custom closets more appealing if they have all the latest features and accessories including cabinets, drawers, ironing boards, pull-out bins, built-in shoe racks, etc.
8. Adds Beauty to the Home
Look and Buyers appreciate a beautiful, well-decorated home. The look and feel of a custom closet enhances the beauty and injects a sense of order in your home. You can select from a number of different hardware styles, colors, finishes and materials to complement the home’s aesthetic.
Conclusion
Whether you’re preparing to put your home on the market, or want to maximize the space in your home, adding custom closets can increase your home’s value. Consider the ideas in this article for boosting your home’s market value so when you are ready to put your home on the market, it will sell quickly and you’ll get your asking price. Use the ideas in this article to help increase the market value of your home.