Custom Button Letter Wall Art - DIY - Kids' initials - hang on bedroom doors. Use a fabric that coordinates with each kid's room & tastes. Tips: SEW buttons to fabric, use decorative upholstery tacks on sides.
Another peg board idea: For inconspicuous storage, hang a piece of pegboard on the inside of a closet door to organize your craft supplies. Add a bar to store ribbon and small baskets to hold rulers, scissors, and marking tools.