If you live in a condo or an older house, you know that closet space is at a premium. Adding a closet or expanding an existing one will help to increase the functionality and value of your home. Or, if it's a low cost, flexible solution you're after, stand alone wardrobes are always an option.
You'd be surprised where you can squeeze in closet space. Consider, for instance, the often overlooked area underneath your staircase. With a little ingenuity, you can really gain some valuable extra storage. If it's your bedroom closet that's lacking, you may be able to get away with widening or deepening it or even building a new one by expanding into an adjacent room. Just be sure that other space is large enough to give up that square footage without losing its functionality.
A lot of people ask me if converting a small bedroom into a walk in closet is worth it. It's the simplest and most obvious solution to a lack of closet space in a house, but before you commit to this type of reno, there's something to consider first. Does your home have four (or more) bedrooms? The most appealing type of property to the majority of prospective buyers is a detached house with three bedrooms and two bathrooms. Bringing your home down to two bedrooms eliminates a large portion of the home buying population, so any value you gain by adding the big closet is erased. However, if you plan on staying in your home for the next 20 years and this is a 'just for you' renovation, go for it.
The easiest and most affordable way to increase closet space is by adding stand alone wardrobes along a wall. What's great about this solution is that they're a non permanent addition, so when it comes time to sell, buyers will be able to visualize the space as either having the extra storage or not.