New paint colors can transform a room's atmosphere and increase your home's value—if you choose the right paint color. "Generally, going with neutral colors like shades of white, beige, taupe, and grays lead to a faster sale," she shares.
According to a recent survey of home designers, white houses will most likely sell the best. White and off-white exterior paint colors appeal to potential buyers because they help the home look new, which enhances curb appeal and helps a house sell quicker. Buy or sell a home and you could save thousands.
White is one of the safest siding colors for resale values since it's neutral, matches with any accent pieces and complements most buyers' tastes. Stone, brick and stained accents also contrast well with white. Black trim is another popular choice to create a rich contrast in modern homes.
“White and off-white can both make a home look fresh, clean, and new regardless of age,” the study says. “These colors have nearly universal appeal, helping improve the curb appeal of a home and making it more likely to sell in a timely way.”
Do Appraisers Look at Paint? Some appraisers will, and others won't. If the paint is chipping, you have unsightly wallpaper, rooms are half-painted, or you've painted over a poorly patched hole, these things could hurt your home appraisal. Paint is more likely to be a factor with a VA appraiser.
An example of improper communication would be asking an appraiser to provide a valuation that matches the asking price of a particular home. Another example could be telling an appraiser he or she will not receive future assignments if the appraisal does not facilitate a transaction.”
Fresh Paint will make your Home look Expensive
Choose from white, beige (yes beige is back!), cream and off-white colors. Dark brown and black are also on trend so will make your interiors look more upscale as well. Sherwin Williams often has sales – their paint is amazing!
Red is more effective for impulse purchases, so it's a common buy button choice on ecommerce websites. But it's more effective for B2B software vendors too. When HubSpot A/B tested CTA button color for Performable, red out-converted green by 21%. Red seems to perform best across the board.
Some of these factors are out of your control, such as market conditions, interest rates, and the economy, while others are very much in your control. From unappealing renovations to neglecting maintenance on your home, some projects, or lack thereof, can negatively impact your property value.
Aside from yellow and orange - if retaining value is important to you, look to jewel tones like purple, red, green and blue. Researchers say they hold their value better than average.
Stick to Light, Airy Neutrals
“While dark grays are very trendy this year, as a general rule, I would avoid them unless it's for an accent wall,” he added. The best neutral paint colors for staging a home are light grays, beiges, and whites.
Green, yellow and pink are among the most popular paint colours for lifting spirits in the home. To help households find the perfect wall colours for a happy home, the team at MyJobQuote.co.uk turned to Environmental Psychologist, Lee Chambers, to find out which shades can make us feel instantly happier.
"Generally, going with neutral colors like shades of white, beige, taupe, and grays lead to a faster sale," she shares.
Gold. According to Feng Shui principles, the colour gold can help manifest good luck and it also plays an important role in attracting money. Old Chinese charms, furniture, and decorative elements, are rich with gold details and it is a strong element of the Chinese aesthetic.
PURPLE. Purple has been associated with royalty in the past and is often thought of as a luxury color. Think about beauty products and anti-aging lines–more times than not, they will incorporate a shade of purple in the branding.
Crimson & White color palette for your brand is a modern, bright and luxurious color scheme. Just like the red wine, ivory and white colors speaks of luxury and creates a feeling of warmth.
Purple is often used to show luxury, loyalty, courage, mystery, and magic. It's a very intriguing color as it soothes but also presents space for mystery and new ideas. This is why creativity is most often associated with the color purple.
White. White is, of course, always a good paint choice, because it feels elegant, fresh and clean. Plus, Gibbons says, “black and white are the most timeless colors you'll find anywhere and the most timeless color combination.”
Typically, traditional homes have three colors: body, trim and accent. Newer architectural styles (and occasionally larger houses) can benefit from more than three colors. By adding a second body or trim color, you can make your home more visually appealing.
Outdated Systems, Appliances and Interiors
Updating appliances or any major systems, like plumbing, electrical or HVAC, can be costly, so if yours are outdated, it could affect the overall value of the home.