Does Storage Increase Home Value?

Does Storage Increase Home Value? Here's What You Need to Know

When it comes to boosting your home's resale value, most people think about kitchen upgrades or curb appeal. But here's an often-overlooked factor that can deliver a serious return: storage space. So, does storage increase home value? The answer is a strong yes—and here’s why.

Why Storage Space Matters to Buyers

Today’s homebuyers prioritize function just as much as form. Storage plays a key role in making a home feel more spacious, organized, and livable. According to the National Association of Home Builders (NAHB), over 90% of buyers rank garage storage, walk-in pantries, and closet space as essential or desirable features.

Storage as a Selling Point

Buyers often make emotional decisions—and a tidy, well-organized home can feel like a sanctuary. Additional storage helps:

• Reduce visible clutter
  
  

• Highlight efficient use of space
  
  

• Show off home functionality
  
  

Well-planned storage solutions, especially in older homes or urban areas like Chicago, can set a listing apart from the competition.

Types of Storage That Add the Most Value

Not all storage is created equal. Here are the most value-adding options backed by current market trends:

1. Custom Closets

Walk-in or customized closets are among the most appealing upgrades. A Remodeling Magazine Cost vs. Value Report shows that midrange closet renovations can recoup up to 60-80% of their cost.

2. Garage Storage Systems

According to Zillow, homes with garage storage systems and shelving often sell faster than comparable properties without them.

3. Attic and Basement Storage

Usable storage in attics or basements—even if not fully finished—can appeal to families needing seasonal or long-term space.

4. Kitchen Pantries

A walk-in pantry is now considered a luxury feature. Many buyers are willing to pay more for homes that offer better kitchen organization.

How Much Value Can Storage Add?

While the exact value varies based on location and home price, real estate experts estimate that smart storage upgrades can increase home value by $2,000 to $10,000, especially when combined with modern design elements.

In cities like Chicago, where space is at a premium, well-integrated storage can significantly impact how quickly a home sells. If you're curious about your home’s potential value, use this free home value estimate tool.

Simple Storage Upgrades That Pay Off

Want to boost your home’s value without breaking the bank? Try these affordable tips:

• Install modular shelving systems in closets
  
  

• Add built-in benches with hidden compartments
  
  

• Use vertical wall space in garages and laundry rooms
  
  

• Include pull-out shelves or organizers in kitchen cabinets
  
  

If you're prepping to sell, consider requesting a cash offer and using that feedback to make value-boosting improvements.

Buyer Expectations and Chicago Market Trends

In the Chicago housing market, functional layouts are key. Buyers often prioritize livability over size, especially in condos and townhomes. Listings with ample storage frequently appear in featured home listings and gain more traction during showings.

Looking to stay updated? Browse more tips on the Heart of Chicago Homes blog.

Storage = Value

So, does storage increase home value? Absolutely. Whether you're staging your home or simply planning for future resale, investing in smart storage solutions is one of the easiest ways to maximize your home’s potential.

Ready to Maximize Your Home’s Value?

Curious About Your Home’s Value? Get a Free Estimate!
Wondering what your home is worth? Get a free, no-obligation home value estimate based on the latest market trends.
Check your home’s value or call/text (312) 361-8288.