Painting is an easy and inexpensive home improvement project that can not only improve the curb appeal of your home but also increase its value. Whether you’re considering an interior painting project or going for a full exterior paint job, or both, these makeovers can boost the value of your home.
Many homeowners put their homes on the market during the spring season. This is the perfect time to invest in a new coat of paint to update your home so you can get more offers and money.
How Paint Can Help
When you put your house on the market, finishing details could reap thousands of dollars more on your asking and final selling price. Small changes like painting the front door or the garage is an affordable way to add value to your home. Painting the interior or exterior of your home will go a long way toward boosting its value even further.
1. Paint Your Home’s Exterior
You want buyers to fall in love with your home the minute they pull up to the curb. Painting the exterior of your home can be a great way to boost your home’s curb appeal and value. A good return on investment is an excellent reason to paint your home’s exterior.
In a 2019 HomeLight survey, the estimated average cost of painting a home’s exterior was $2,803, but the estimated value it added was $4,228 –giving you a whopping 51% return on investment. A great exterior paint job also signals to buyers that you have kept your home in good repair overall.
Another way to brighten the exterior without a full paint job is pressure washing surfaces like brick, stucco, stone, and concrete. This will clean up the exterior, add to the aesthetics, and brighten up the home. You may find, however, that when all the dirt and grime are gone, you may have chips and cracks in the paint that now are evident.
The first thing a potential buyer touches on your home is the front door. A new coat of glossy bold paint color that shines and complements the rest of the house will give the first touch a wow factor. You might also consider a new coat of stain on your deck and fence. These small changes can mean more money in your pocket when you sell.
2. Choose the Right Paint Colors
Paint colors play an important role when selling your home. It is recommended to go with a more neutral palette to help a buyer envision themselves in the space. Bold, bright, or saturated paint colors tend to turn buyers away. “Greige”, a mix of beige and gray tones, continues to be a color that potential home buyers love, as well as taupe, off-white, and light blue. Neutral colors usually have long-term appeal and can withstand the test of time.
Painting your home will not decrease its value as long as the color is acceptable to the majority of buyers. According to Zillow’s paint color analysis, light periwinkle blue or very light grey on your bathroom walls can increase your home’s value. Both colors are great for bathrooms because other features and accessories tend to stand out against them. They never feel overwhelming but create a calm and relaxing ambiance.
Outdated cabinetry wood, banisters, and baseboards can be updated with bright white paint. This gives darker, worn wood a brand-new modern look at a low cost.
3. Paint Your Kitchen
Repainting the walls or the cabinets in your kitchen can save you the expense of a full kitchen renovation. This is the space where families gather to eat, cook, and share memories. Every potential buyer loves a beautifully maintained kitchen. Choosing the right colors can make your kitchen a major selling point that can increase your offers.
Homeowners have a good return painting with neutral or greige colors in kitchens.
4. Proper Maintenance
Painting is not just about aesthetics. It’s about maintenance, too. Paint preserves the life of a home.
All homes benefit from regular maintenance. Making sure the exterior of the home has a current paint job is important because it will protect it from the elements. Painting the exterior of a home can keep mold and mildew at bay by keeping moisture out Maintaining your home by keeping it properly painted adds value.
Trusted Painting Professionals
When you’re ready to improve the appearance of your home, inside or out, bring in a pro who can help get the job done right. ACP Painting will make sure your paint project is perfect. We can guide you on what to paint and the colors to use. Contact us today for a free consultation.