I opted for this cute bench instead of a $2K renovation to create a mudroom in our utility room.  This bench is functional and looks great.  Easy to assemble (which is saying a lot for me).  Shoe slots more for kid size shoes, though, which fits my needs perfectly.  Going to buy a row of hooks to hang over it and voila, mudroom!

Pros: great value, easy assembly
Cons: shoes slots are small-ish, though great for kid shoes