How a Paint Job Can Boost Your Home’s Value One of the easiest, most cost-effective ways to boost your home’s value is to give it a good coat of paint. Investing in an interior/exterior paint job will not only refresh the look of your home; it will also help protect it against damage caused by … Continued
How a Paint Job Can Boost Your Home’s Value
One of the easiest, most cost-effective ways to boost your home’s value is to give it a good coat of paint. Investing in an interior/exterior paint job will not only refresh the look of your home; it will also help protect it against damage caused by dirt and grime build-up. This investment pays off in other ways too, as statistics show that by painting your home you can increase its market value by several thousand dollars.
Here’s how you can refresh and revitalize your home, as well as boost its value, by adding the right shade of paint in just the right place.
Exterior or interior?
Your home’s exterior is the first thing that other people see — whether it’s a guest you’ve invited for dinner or a potential buyer. That’s why realtors often recommend adding a fresh coat of paint before putting a home on the market.
According to HomeGuide’s list of top 10 improvement projects that generate the highest return of investment, a new coat of exterior paint can increase your home’s value by $2,222, while an interior paint job can increase it by $2112.
While an exterior paint job seems to offer more value for money, realtors agree that prioritizing either an exterior or interior paint job depends on a variety of factors based on the overall condition of your home. For example, if the exterior has peeling paint and other major signs of wear, painting the exterior would take precedence over tackling the interior.
Rooms to Prioritize
If you’re planning to put your home on the market, realtors say that the best approach is to paint your rooms selectively, choosing specific areas that potential buyers will respond to more strongly.
According to a Consumer Reports study, high traffic rooms such as kitchens and bathrooms are ideal places to begin. Entryways and foyers are also an excellent choice, as they’re the first interior areas that visitors will see. In addition, any room with a particularly bright color — such as a purple bedroom or a red dining room — should be prioritized as well, as it’s crucial to tone down the color so it will match the rest of the house. Idiosyncratic colors might be fun to live with for a while, but realtors say that they’ll often deter buyers who are put off by jarring colors that clash with other rooms.
Choosing the right colors
Realtors agree: The right colors can transform your home into a showplace you’ll be proud of. In fact, it’s a well-known phenomenon that specific colors can boost not only your home’s curb appeal but also its market value.
Toward this end, online realtor site Zillow posts an updated paint color analysis to determine the most popular interior/exterior shades on the current market. Here are a few takeaways from a recent study:
• Front door colors: Black or charcoal gray front doors can add $6,271 to a home’s value.
• Wall colors: Neutral shades like light blue and tan are perennially popular, but dark grays, blues and blacks are becoming popular too.
• Kitchen walls: Brick, barn red and raspberry red colors can devalue a kitchen by as much as $2,310.
• Kitchen cabinets: Tuxedo style cabinets (with white/light uppers and navy/black lowers) can boost home values by as much as $1,547.
• Dining room: Darker neutrals in brown shades (oat brown, medium sandy brown and browns with yellow undertones) can devalue a home by as much as $1,684.
• Living room: Warm neutrals such as tans (with peach or pink undertones), light taupe or dark peach can boost values as much as $2,793.
• Bathroom: Periwinkle blue (typically with a gray-blue tint) can add as much as $2,786 to your home’s value.
• Exterior: Homes with yellow painted exteriors are selling for up to $3,408 less.
Also, realtors say that while neutral colors like tan and light blue are perennially popular, today’s home buyers also appreciate pops of color (especially in dark tones of blue, gray and black). Another trend is to showcase contrasting colors in home exteriors, as well as high-traffic areas such as kitchens.
According to experts, warm neutral shades such as tans, beiges, golds and grays are best at enabling potential buyers to envision themselves living in the home, because these shades tone in with every type of decorator scheme and lifestyle imaginable.
Three more tips to remember: For interiors, light pastel colors can make smaller rooms appear larger, while darker colors can give a large space a warmer, more intimate feel. Also, realtors advise against using more than three colors on the exterior, as this can give a home a choppy, distracting appearance that might make buyers feel uncomfortable. Finally, it’s always best to avoid white, which can come across as too harsh for both interiors and exteriors.
Making your home look new again
A full exterior or interior paint job shouldn’t be tackled as a DIY project, but should instead be left to the professionals. Most homeowners don’t have access to scaffolding, spray equipment and other essential tools for a top-quality paint job that can maximize your investment.
With Rent Painters, you can hire top-notch local professional painters who are trained to bring out your home’s beauty to its fullest potential. Plus, Rent Painters offers a full range of exterior/interior painting services, all from a company that’s noted for its client-friendly practices and customer service excellence. With a three-year warranty on interior jobs and a two-year warranty on exterior jobs, plus full liability insurance coverage in the unlikely event of any damage, you can feel completely confident in entrusting your home to be improved and beautified by Rent Painters’ expert specialists.
An interior/exterior paint job can provide the architectural equivalent of a facelift by removing years of wear and making your home look fresh and brand new, especially to potential buyers who are seeing it for the first time. By hiring Rent Painters, you can rest assured that your home will look its absolute best, whether you plan to sell it or continue living there for years to come.