real estate

Home renovation: 6 worst fixes for the money

No. 3: Closet renovation
Closet renovation © All About Space/

No. 3: Closet renovation

Typical cost: $3,500; 57% recouped at resale

Organization is vital, but it doesn't come cheap.

A $3,500 remodel for a reach-in closet is "a realistic price," says Matt Laricy, partner and managing broker with Americorp Real Estate. "I don't think anyone realizes how expensive closets are."

Knoll agrees. "They can be spendy, for sure." But it's a check in the plus column for potential buyers. "I think people like it -- as long as it's customizable," he adds, because buyers want to be able to move shelves and features so that your perfect closet will fit them, too.

And "closet space is something people always take note of," says Fichelson. "The bigger the closet, the better."

Even so, a great closet probably won't be a major factor in a sale, says Laricy.

"It's not the reason your house gets chosen over someone else's," he says. "It's a nice perk."

Data source: "2015 Remodeling Impact Report" by the National Association of the Remodeling Industry and the National Association of Realtors

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