How a Fresh Coat of Paint Can Boost Your Property Value

You may already be thinking about methods to raise the value of your property if you’re considering putting it on the market. Giving your house a new coat of paint is one low-cost option to enhance its appearance and feel. In this blog article, we’ll look at how painting may increase the value of your house and provide advice on selecting the best colors and finishes.

Why Does Painting Raise Real Estate Value?

One of the most economical home improvements you can make is painting your house, both inside and out. Homes with white walls sold for, on average, $4,035 more than homes with walls of various colors, according to a recent Zillow survey. This could be the case because neutral hues give a house a more airy, welcoming feeling, which is crucial when attempting to sell a house.

Yet the quality of the paint job may also have a significant influence on a home’s value, so it’s not only the color that matters. A home’s perceived worth may rise thanks to the fresher, cleaner, and better-maintained appearance that a fresh coat of paint may give it. According to a HomeGain research, painting a home’s inside may yield a 107% return on investment while painting the outside can yield a 55% return.

Selecting the Proper Colors and Finishes: Some Advice

The ideal color choices for the interior of your home should be neutral hues like beige, gray, and white. These hues are adaptable and will win over a variety of prospective customers. Consider painting an accent wall in a striking color like navy blue or emerald green if you want to add a splash of color.

You should pick colors for your home’s exterior that go well with the neighborhood’s architecture and landscape. For instance, if your house is near a forest, you might want to go with earthy colors like brown and green. You might want to think about using a more restrained color scheme with tones of gray and black if your property has a contemporary style.

It’s crucial to select the proper paint finish in addition to the appropriate hues. Eggshell coatings give a light gloss that is simple to maintain, while matte finishes are fantastic for masking flaws on walls and ceilings. Consider selecting a semi-gloss or high-gloss finish, which are more resilient and moisture-resistant, in high-traffic areas like hallways and kitchens.

A Professional Painter’s Services

A Professional Painter's Services

Even while it would seem more affordable to paint your house yourself, it’s frequently worthwhile to hire a professional painter to do the task. Skilled painters have the knowledge and skills to guarantee a work well done, free of drips, smudges, and uneven lines.

Professional painters not only do a superior job painting your home, but they can also advise you on the best colors and finishes. To help you see the finished product and make sure the colors you chose will look fantastic in the lighting in your house, they can offer color swatches and samples.

FAQs

Certainly, a fresh coat of paint can be an effective way to increase your property value. Here are seven frequently asked questions (FAQs) that explain how painting can boost your property value:

How does painting improve property value?

A fresh coat of paint can enhance the overall appearance of a property, making it more attractive to potential buyers or renters. It can also cover up any existing damage or wear and tear on walls or surfaces, giving the property a refreshed and updated look.

What areas of the property should be painted?

The areas of a property that should be painted depending on the property’s specific needs. However, typically, the interior and exterior walls, doors, and trims are the most common areas that benefit from a fresh coat of paint.

What colors should be used for painting?

Neutral colors like beige, gray, or white are popular choices for painting a property as they appeal to the widest range of buyers. However, using accent colors or brighter tones in specific areas like accent walls or doors can also add personality to the property.

How often should a property be painted to maintain its value?

The frequency of painting a property depends on various factors such as weather conditions, the quality of the previous paint job, and the level of wear and tear on the property. Generally, properties should be painted every five to ten years to maintain their value.

Is DIY painting a good idea for increasing property value?

While DIY painting can save money, it may not always be the best idea, especially for properties with a higher value. Hiring a professional painter ensures a high-quality, long-lasting finish that can improve the property’s value.

How much value can a fresh coat of paint add to a property?

The amount of value added by a fresh coat of paint varies depending on the property’s location, size, and market conditions. However, studies show that painting a property can increase its value by up to 2-5%.

How can I maximize the impact of a fresh coat of paint on property value?

To maximize the impact of a fresh coat of paint on property value, it’s essential to choose the right colors, use high-quality paint, and hire a professional painter if necessary. Additionally, ensuring that the property is clean and well-maintained before painting can improve the overall impact of the paint job.

Conclusion

A cheap strategy to raise your home’s resale value is to paint it before you put it on the market. You may create a welcoming and well-maintained house that appeals to potential buyers by picking the appropriate colors and finishes and employing a professional painter. Hence, if you’re considering selling your property, give it a fresh coat of paint since it may be the difference between a rapid sale and a protracted period of time on the market.

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