Making sure your home is well-painted before selling is worth the cost. Depending on the paint job and your local real estate market, you can expect a 50% to 500% return on your investment. It will greatly impress potential buyers if your house has a professional finish with sharp cut lines along ceilings and trim.
And the color that adds the most value to a home is… black. Not only is this color the most searched-for on Google this year, but it also will add $6,271 to the resale value of your home, according to Zillow.
Your actual home's worth isn't likely to be impacted by a garish paint job, or the paint of the house next door. The appraisal process is looking at the home value based on its' structural integrity and its square footage, among other aspects, and paint color really isn't part of how much the actual house is worth.
The short answer is “yes”: Painting your exterior and key rooms in the interior a neutral color can help attract buyers and boost your sale price. However, some variables may sway your decision, like what type of market you're selling in and the current condition of your paint.
Painting the interior of the house helps with a clean and fresh look, sets the mood and can help highlight specific features. Buyers are particular about a few areas – the entrance, the kitchen and the bathrooms. The buyer does not want to update fixtures, paint walls and replace cabinets and counter tops.
Touch up damaged and weathered areas
One of the most important reasons to repaint the house before selling is to provide touch ups on dings, faded paint, and general wear. Weathered areas of the house reduce value in the eyes of buyers, so you want to take care of them before listing.
Because whether you're a renter who's preparing to move out (and, hopefully, take their security deposit with them) or a homeowner who's ready to put their house up for sale, filling nail holes is a necessary—and not always super simple—task to undertake.
Leaving any nails sticking out from the walls is even worse, so the only good option for you will be to patch up all nail holes before you move out. With enough time and confidence, you can use the proper way to cover nail holes when moving out – using spackling paste, sandpaper, and paint.
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.
When in doubt, white it out. Fixr's surveyed pros believe white paint will sell your home because not only does it provide future buyers with a blank slate, but it gives living rooms a fresh, well-kept appearance that appeals to the masses.
Applying a coat of paint to worn walls, re-grouting bathroom surfaces and replacing any broken fixtures can really help to perk up a property. Taking the time to ensure things like door bells and light bulbs function as they should, will show the property is worth caring about.
Paint your door black
According a Zillow Paint Color Analysis, a black front door could increase the price of your home by 2.9 percent.
Have a professional painter return your bedroom walls to a soft grey or more neutral greige to entice potential buyers to spend more on your home. Installing, painting or repainting trim in your bedroom can also add big value.
Home sellers are often advised to slap on a fresh coat of paint before listing their properties, but they shouldn't overlook the impact of color. A Zillow analysis of more than 32,000 photos from sold residential properties finds specific colors can either boost or crimp a home's selling price.
Most experts say that you'll need to paint every five to ten years, depending on factors such as where you live, climate and weather, and the previous paint job. Also, keep in mind that every surface will be a little different. For example: Wood siding - every 3-7 years, or every 4 years if it's stained.
Popular classic interior colors are beige, gray, white and warm, Earthy tones. Trendy interior and calming colors include blush pink, true blues and soft pastels. Check out the paint colors of the year for more trending ideas.
The Value in Painting Your Home
Painting your home can improve your home value by around 2%, with sprucing up the outside adding about another 2% to the house price.
As a general rule of thumb, you should never paint your entire home one singular color. That isn't to say that you can't use the same color in some capacity throughout your entire home; however, it shouldn't be the primary wall color in every room.
For 2021 (and 2020) you might be surprised to hear that gray is out and white walls are in! Buyers' color preferences are stronger than ever, especially this year. Cleanliness tops the list of must-haves for Buyers so the trend is going in the direction of a clean look.
Painting your home in one color is considered ideal for flowing color from room to room, and is the best reason for using one color throughout your home. It can be less expensive to have just one color painted or sprayed throughout a home, and professional painters often recommend it for that reason.
On average, your house should be painted every 5-10 years depending on the surface type, quality of paint, and signs of wear.