Before you put your home on the market, you will likely be spending some time fixing it up to boost its market price. The most cost-effective way to prepare your home prior to the realtor coming over is by adding some paint to the walls. In fact, many real estate agents will inquire about whether or not interior painting is within your budget, as it has been proven to increase price and shorten the time your home takes to sell.
In a Zillow Paint Color analysis conducted in 2017, listings with light pale blue to soft periwinkle blue bathrooms sold for $5,440 more than expected. Don’t forget about the exterior of your home as well, as homes that have their exterior painted “greige”, a mix of light grey and beige, sold for $3,496 more than similar homes with other colors.
Why Not White Paint?
Most homeowners believe a simple white paint will attract the most potential buyers. It looks clean, it brightens up any room and it opens up the next resident’s customization options.
Based on the paint color analysis, which was collected by viewing over 32,000 photos of homes that sold around the U.S. to conclude how their paint colors impacted their sale price, Zillow predicts that having the following colors in the following rooms boosts the expected sell price by over a thousand dollars:
Why Not Bright Colors?
While some may think that walking into a neon pink bedroom or candy apple red bathroom is fun, the truth is, bright colors tend to be off-putting to those looking to buy. They want the colors and accents to be warm and inviting so that they can better envision themselves living there. On the high chance that their favorite color is not neon pink or candy apple red, you’d better just stick to calm, soft and neutral colors that are easy on the eyes.
Not Just Walls
Painting walls not on your to-do list? Not to worry! As a homeowner yourself, you know that no one decides to buy a house solely on how nice the walls look. Consider how nice kitchen cabinets, cupboards, doors and window frames would look freshly painted for open house.
Enhancing these areas often gets left behind during home improvements, but they are just as vital as having functioning plumbing. When was the last time some of these items received some professional-style TLC? In fact, Zillow’s paint color analysis also concluded that front doors painted in shades from a dark navy blue color to slate grey helped homes sell $1,514 more than what was expected. More money in the long run and less work for you; when shall I pencil you in?
For a free estimate, call O’Fallon Painting Contractors today at 636-306-1770.
Fiander, Alexa. “Homes With Blue Bathrooms Sell for $5,440 More Than Expected.” Zillow Porchlight, Zillow Group, 1 June 2017, https://www.zillow.com/blog/blue-kitchens-sell-for-more-216631/