How Repainting Can Boost Your Home’s Value
How Interior and Exterior Painting Boosts Home Value
Did you know that interior and exterior painting can actually boost your home’s value and make it easier to sell? Check out this article for all the details.
Keyword(s): interior and exterior painting
As soon as you decide to sell your house, you start seeing dollar signs everywhere. Will you make more money doing repair A or repair B? Is that chip in your door big enough to take away value?
When it comes to getting the most money you can for your home, interior and exterior painting is a goldmine. It’s a low-cost upgrade that has one of the highest potential returns on your investment. Here’s how:
How Interior and Exterior Painting Increases Home Value
A fresh coat of paint actually affects buyers in a number of ways. Here’s how it can increase the value of your home:
Every real estate agent will tell you how important curb appeal is. We all know how prone people are to clinging to their first impression. Curb appeal is the first impression your home leaves on a buyer, so it’s extremely important.
When a buyer takes their first look at your home, they’re already deciding…
- if it looks inviting
- if it looks like home
- if it needs a lot a repair
- if it’s their style
- if it’s too large or too small
This is just the tip of the iceberg, and exterior paint affects it all. After all, if buyers see chipped paint from the start, they assume the rest of the house has been poorly maintained.
Choose warm colors over cool colors, and make the front door a noticeable, welcoming color.
Specific Colors with Value
If you’re in the home-selling or home-buying market, you probably know about Zillow.com. As experts in home values, their team recently did a fascinating study about how interior and exterior painting with specific colors affects home value. They went so far as to assign actual values to certain colors.
Most of the colors that improve home value aren’t surprising, but they do vary from room to room. For instance, a warm taupe in the living room help buyers picture themselves enjoying family time together. On the other hand, cooler colors like blues in the bedroom creates a relaxing, mellow feel.
Zillow also notes that blue is a great color for dining rooms, kitchens, bathrooms, and front doors. But they also give a few colors to avoid because they can decrease home values:
- Blue living rooms
- Yellow kitchens
- Medium brown or taupe exteriors
- Red dining rooms
- White bathrooms
There’s a reason painting is one of the most popular tips for home sellers. As a buyer walks through a home, they’re calculating the finishing costs in their mind. A fresh coat of paint makes the entire home look newer and well-maintained, and thus more attractive to a buyer’s wallet.
This also has a subconscious psychological effect. Buyers may notice more details than they actually realize. They walk into a space and just feel at home – they may not realize they feel this way because the paint is fresh, the bookshelf is organized, and there is plenty of natural light.
It’s true that you only need to find one perfect buyer to sell your home. But the chances of finding them are much greater if your house appeals to more people. That’s why swapping out bright, unique colors for neutrals can make such a difference.
This doesn’t mean you need to paint your home with sterile whites. In fact, that would have the opposite effect in many cases. Choose a few neutrals that complement each other.
Use warm colors in living rooms, family rooms, and dining rooms. Opt for cool colors in bedrooms, bathrooms, and kitchens. This helps you appeal to the masses which will hopefully include one or several buyers.
It’s incredible how colors can affect our mind’s eye. In general, darker walls make a space look smaller while lighter colors make it look larger.
Both of these have uses for interior and exterior painting when you’re trying to make your home more attractive. Smaller rooms can look far larger when you choose a light, airy color. Especially when the room is decluttered as well, a lighter wall color can make it feel much larger.
On the other hand, if you have a larger home that looks too big for your lot, try a darker color. Dark colors with light trim and details look modern, and they can look make a home look more fit for its space as well.
Sometimes, life has certain smells. The scent of smoke, beloved pets, and more can actually seep into your walls. When this happens, a Saturday’s worth of elbow grease just won’t cut it.
Fortunately, a fresh coat of paint can make a powerful difference. And no, it doesn’t just replace the existing smells with the strong scent of new paint. In fact, modern paints are much lower in fumes than older paints were.
Tips for Interior and Exterior Painting Before a Home Sale
Clearly, painting can be a beneficial step in preparing your home for sale. But as with anything, there’s a right way and a wrong way to do it. Here are some tips:
Hire a Professional
Painting correctly isn’t as easy as many people think. Between labor-intensive taping, tarping, and moving items to protect them from paint, it’s a lot of work. The process is grueling for anyone, but if you have issues with your back, shoulders, knees, etc., it’s on a different level.
You also need to have the right equipment and know how to prime, how to use the correct paint strokes, how to apply certain paints differently, etc. At the end of the day, hiring a professional painter to do it right the first time can be well worth the extra cost.
Use Paint to Highlight Detail
If you have an older home with detailed woodwork and original character, capitalize on it. Using the right combination of paint colors or stain colors can bring these details to life and pull in buyers.
Consider the Material
The type of material you’re painting on will impact the type of paint you need, the color you can use, the technique you need, and whether it can be painted at all.
Take your time and do research before you jump into a project. The last thing you want to do is damage part of your home and take away from your resale value rather than adding to it.
Interior and exterior painting is one of the most cost-effective steps you can take toward increasing your home’s value. Just make sure it’s done properly. Now that you have the information you need, go forth and make it happen! For a truly professional paint job, contact our painters for pricing and details.