How to Pick the Right Paint Color to Increase Home Value
How Paint Color can Increase Home Value
If you’re planning on selling your home, some minor improvements and DIY projects can potentially attract more buyers.
And if you happen to be in the process of putting your home on the market right away and you’re not planning on doing some major renovations, you might want to at least consider a few painting ideas that can make a whole lot of difference in your home’s value.
A recent report from Zillow that concerns 135,000 photos of old houses across the country reveals how paint colors can impact sales. The study shows that homes with smoky, charcoal, or black doors sell for $6,271 more than what is expected.
This is considering the fact that a door painting job can only cost around $100 to $400. Given this recent finding, a bucket of black or charcoal paint might seem like a star and a five-star investment.
Choosing the Right Color Combination
Based on another report, Zillow also confirms that kitchens with a tuxedo color scheme, or a color palette wherein the upper and lower cabinets are of two different shades, sell at a higher price too.
The concept is said to be more modern and sophisticated. However, it doesn’t apply to any color scheme because ideally, you have to choose colors that complement each other such as black and white, cream and yellow, or tan and beige among many other combinations.
As a general concept, a lighter shade combined with a darker one is a suitable combination with more emphasis on the lighter tone.
Furthermore, color combinations that exude a traditional and classic vibe are more preferred compared to modern concepts that make use of bolder and brighter colors. Here are some more findings based on the report;
- Home Interior
Overall, cool and neutral wall colors that enhance natural light are preferred by most buyers according to the same study. Light blue bathrooms and brownish-gray (taupe) and beige living room walls are likewise more popular in homes that were sold for more money.
On the contrary, homes with brown-colored and dark red walls sold for as much as $2,310 less than what was expected from them.
- Home Exterior
For home exteriors, classic and traditional color concepts still dominate the top choices of homebuyers such as off-white, light brown, light gray, and beige in combination with darker shades to add some layer. Houses painted in creamy and bright yellow sold for $3,408 less compared to other homes.
Keep in mind that home exterior painting is quite an expensive project that ranges between $1000 and $6,000 depending on the size of the property and the type of materials used.
While fresh paint can increase the value of your home, you have to take into consideration the amount of money you have to shed off to determine if it’s worth the investment. An affordable alternative you can consider is subtle touch-ups and minor retouches to treat some of the exposed areas.