How much can custom closets increase the value of your southern home? One source says a bedroom suite can recoup 56% of your initial investment.
This number, however, doesn't include every possible closet at home. They certainly don't look at all the other returns of investment (ROIs) one can get from a custom closet renovation.
Let's take a closer look at the actual value of a custom closet, especially how it may impact your Southern home's value.
Other Values You Can Get From a Custom Closet
There's much more to value than dollar signs alone, especially for custom closets. Here are a few other ways a custom closet can bring value to your Southern property.
According to research, installing a custom closet is the best way to increase the joy factor of your home. A recent survey ranks closet renovations as a 10-out-of-10 project for boosting satisfaction with your home, tied only with kitchen remodels, bathroom renovations, and a coat of new paint.
The results are surprising:
- 68% of people said they feel a major sense of accomplishment when thinking about the project.
- 59% of people said they feel more enjoyment at home thanks to their new upgrade.
- 56% of people said they have better functionality and livability thanks to their new custom closet.
Indeed, installing a custom closet could increase your overall satisfaction and help you feel happier in your home.
Custom closets can also help your home sell faster, of course, depending on the features inside. Recent research suggests certain properties could make your listing more appealing to buyers, including:
- Hardwood: Sell 2.4 days faster
- Soapstone counters (for islands): Sell 3.8 days faster
- Open shelving: Sell 3.5 days faster
Following along with custom closet trends can help you align your design to modern buyer expectations.
ROIs Are Not Only About Bedroom Closets
We mentioned that bedroom suites could provide up to a 56% return on investment depending on the closet's design, production, and overall look. This means approximately half of your investment becomes tangible equity in your home.
However, the ROI could be much higher by remodeling additional spaces in your home. These include garage additions, kitchen remodels, and bathroom renovations. In one way or another, these remodels do involve closet installation.
To get an idea of the average ROIs brought by household renovations in different states in the Southern US, here are the numbers:
- Florida: 69.6% ROI
- Alabama: 66.2% ROI
- Louisiana: 67.4% ROI
- Mississippi: 65.8% ROI
Remember that these numbers are averages only and may not reflect your individual experience. However, they provide an initial launching point so you know what to expect before starting.
Custom-made Closets Start With Louisiana Custom Closets
Louisiana Custom Closets is a custom closet maker serving property owners throughout the Southern US. With operating branches in Covington, New Orleans, and Baton Rouge, we're proud to provide some of the best custom closet designs along the Gulf of Mexico.
Whether you're looking for a reach-in renovation or a dreamy walk-in makeover, you can trust our custom-made closet process to have everything you're looking for and more. You don't have to take our word for it, though—just look at our wildly happy customers.
Discover the best custom closet installer near you by connecting with the professionals at Louisiana Custom Closets. Call us at (985) 871-0810 or visit us at 13405 Seymour Meyers Boulevard Suite 24, Covington, LA, 70433. We look forward to chatting with you soon!