Paint colors that can boost your home’s value
If you’re planning to list your home on the market, one of the easiest and most cost-effective ways that can help to increase its value is also one of the simplest: paint.
It’s the least expensive investment for the biggest return .Painting the interior results in a 107 percent on the return on investment (ROI), and painting the exterior leads to a 55 percent ROI, according to a HomeGain 2012 Top DIY Home Improvements for Seller survey. Painting the interior costs on average $967, and offers a $2,001 increase in value. Painting the exterior cost $1,406 and results in a $2,176 increase in value.
About 68 percent of realtors recommend painting walls and 62 percent recommend paint touch-ups, according to a 2017 survey from the National Association of Realtors.
Interior paint – select warm neutral colors
Your home is more likely to sell with a fresh coat of paint, which is the very first thing buyers see.
Neutral colors make it easier for potential buyers to imagine themselves living there because the paint goes with just about anything. Many buyers also don’t want to shell out extra cash to paint after closing.
Know which rooms to prioritize
“Paint is the simplest, most effective, and most transformative way to change a space. Small rooms can appear larger if you paint them with a lighter or pastel color If you have a large room that you’d like to appear smaller, try using a warmer or darker color to give the space a cozier feel. Prioritize painting your kitchen, bathrooms, entryways and foyer. A bright white baseboard can pop against a different colored wall. A more colorful nook could create a memorable impression on buyers. Paint types matter, too
Paint holds more than just color. Different finishes and sheens can impact how the paint color pops, how easy a wall is to clean, and other factors.
Stick to flat or eggshell sheens on broad walls, as they will not show off the nail pops and unevenness in walls as much as a satin will.
Satins and semi-gloss coats are better for durability and stain resistance.
Use semi-glosses on the trim and doors to make it easier to clean dust and handprints.
Price can be a good indicator of quality level. Spend a few extra dollars on a high-quality paint, or at least something mid-tier. With a cheaper paint, you might have to use more coats, and it won’t go on as smooth.
If you’re painting yourself, purchase high-quality brushes and rollers for an even, flawless finish.
Use eggshell or semi-gloss in the bathrooms where there might be moisture, advises Norris. And don’t forget to paint the trim and ceiling, not just the walls..
Exterior paint – no more than three colors
The exterior of your home is the first thing potential buyers see. Some homes, like those made of brick, won’t require fresh paint. But exteriors like stucco or siding might. Try following the 60-30-10 percentage rule: 60 percent is the body of the home, like stucco or brick, 30 percent is the garage doors and trim. The final 10 percent is the front and shutters, with just a pop of color.
A full exterior paint job is best left to the pros, since many homeowners lack the necessary equipment, like ladders, scaffolding, and spray tools.
Most of the major paint companies create specific paints designed for home exteriors. Those exterior lines typically exclude colors that are less likely to hold up due to weather.
If you’re aiming at increasing your home value, a few cans paint can be a wise investment. Choosing the paint colors will not only appeal to the broadest audience possible, but also help future buyers envision themselves living in the space.
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