PROPERTYSPARK ARTICLE

5 Innovative Storage Solutions to Boost Property Value and Appeal

Not all storage solutions have the same ROI. The National Association of Realtors report shows that storage solutions such as closet renovations have a better average ROI at 83% than much more expensive room additions.

The numbers confirm the experiences of real estate agents — storage space makes properties more organized, appealing, and valuable. So here are some of the top storage solutions that increase functionality, aesthetics, and value.

Built-in Closets

A built-in closet, whether it’s in the bedroom, living room, office, or entryway, maximizes space and makes everyday life easier. This makes it one of the most sought-after real estate elements.

Customizable to suit any space and style, built-in closets can include features like adjustable shelving, drawers, and specialized compartments for shoes, accessories, and more.
Also, according to the NAR report, it brings homeowners a Joy Score of 10, more than adding a new bathroom, a primary bedroom suite, or a full kitchen renovation.


Garage Storage Solutions

Transforming your garage into a well-organized storage area can greatly enhance your property’s appeal. Adding new cabinets into the garage is actually a common renovation project, along with new floor coating and paint, and the entire project costs about $11,000 on average.

Modular shelving systems are popular as they can adapt to any space with ease. Other common additions include as custom cabinets, built-in shelving, wall-mounted storage systems, overhead racks, and pegboards.


Storage Sheds

A well-designed storage shed is more than just a place to stash garden tools. With electricity and wi-fi, it can serve as a DIY space, a place to practice your hobbies, or another place to relax. Since the space in a storage shed is limited, you will also need to use shelving, storage hooks, racks, or cabinets to make the space as functional as possible.

Storage sheds do not always have the same impact on property value. They work best for homes that are smaller in size, as they bring much-needed extra storage. Another example when a shed is perfect is in areas with insufficient car storage, as they can serve as a small garage. If you want to add a storage shed to your backyard, you can choose a storage shed for sale that’s professionally built, or start a fun DIY project.


Attic and Basement Conversions

Attic and basement conversions aren’t just improvements in storage, but also in living space and the overall structure of the home. It’s no surprise then that they have a pretty decent ROI. If you convert a basement to a living space, you get 86% of the cost back once you resell the home. For an attic conversion, the average ROI is 75% according to the NAR.

What matters in these spaces is proper insulation, lighting, and ventilation, as they are likely to suffer from either high humidity or heat. With those issues out of the way, converting attics and basements into proper rooms that can safely store your belongings is one of the best ways to make use of your home’s square footage. The average price of converting a basement into a living space is $22,850.


Built-in Cabinets and Shelves

Built-in cabinets and shelves add a touch of sophistication to any room. If they are placed strategically and truly add functionality, they eliminate the need for bulky free-standing furniture. Our favorite examples are built-in shelves that accent other architectural elements such as windows, all-around storage perfect for home offices, and built-in bathroom shelving and cabinets as bathrooms always need more storage.

However, homeowners need to consider that these elements are fixed, so while they improve functionality and aesthetics, they can make the room less flexible. For example, your library shelves are now perfect for your office, but if a buyer wants to transform the room, they may be an issue.