Does Painting Increase a Home’s Value?
Maybe you’ve heard that painting your home before putting it on the market can increase home value. Perhaps you’re already planning to bring in the professionals for a new coat of paint and are curious if it’s worth the hassle. The short answer is yes!
Read on to explore how painting your home can increase its value and get more information on what impact a colorful new paint job can have on selling your home.
Does Painting a House Add Value to It?
The general answer is yes! In Colorado's dynamic real estate market, especially in Denver and the Front Range, painting is one of the easiest ways to increase the value of your home. It’s a home project that's not as expensive as a full kitchen or bathroom remodel that can completely transform the way your home looks and feels. There’s no other job that can give a better return on your investment than a fresh coat of paint.
When someone pulls up to a home, one of the first things they see is the paint. If it’s shoddy and old, it isn’t going to give the best impression. However, a fresh coat of paint in a timeless color can peak buyers' interest in the property.
How Does Painting Increase a Home’s Value?
Both interior painting and exterior painting can have a huge impact on the value of your home. In the Denver area, where aesthetics and style are highly valued, a well-chosen paint job can make a significant difference. Zillow’s Paint Color Analysis shows that simply painting the front door of your home in black could increase the price of your home by almost 3%. Slate blue or gray is also a great choice for this part of the home.
Painting the interior of your home with a hue that creates an airy and light atmosphere can also increase home value. Here in Colorado, a multitude of white colors are timeless and are the go-to shade for most realtors. On the other hand, choosing a loud color may turn people away from your property due to differing tastes and styles.
If you decide to repaint your home before selling, be sure to choose traditional paint colors that appeal to as many home buyers as possible. Whites, grays, beiges, and other neutrals are always front runners for universal colors.
By How Much Does Exterior Painting Increase Home Value?
Based on a survey by HomeGain, painting the exterior of a home creates almost $2,200 in value. Painting the interior can create $2,000 in value when selling. The cost of interior and exterior painting differs from company to company but the return on investment remains impressive.
Painting brick can also increase home value. This dramatic change can add a modern feel to your home and increase your curb appeal. Paint can be added to a variety of other home materials to create any sort of aesthetic you desire.
Dreaming of a New Look? Make It a Reality with Singletrack Painting!
Painting Your House to Increase Its Value: When Is It Worth the Investment?
Not everyone looking to sell their home needs to repaint before selling. However, painting the exterior of your home should be done if the paint is cracked, chipped, or peeling. Your interior should also be painted if it's showing significant wear and tear. Good realtors have a trained eye and can help you know what you should and shouldn’t paint. However, freshening up your space with a neutral and light coat of paint can have a huge positive impact on buyers.
6 Repainting Tips to Increase Your Home’s Value
Now that you know the basics, we want to share a few tips that will ensure you get the most value out of repairing your home before putting it on the market.
Make sure you’re aware of HOA guidelines and follow them to ensure a second paint job isn’t needed.
Before the painters come, be certain the home is prepared for the upcoming paint job. This can mean covering and removing furniture, cleaning walls if needed, and preparing to leave the house for the duration of the project.
When coming up with exterior color ideas, keep it to no more than three which is standard for most tract or spec homes. There’s the primary body or field color, a trim color, and an accent color for the front door and/or shutters. More colors can be used if you own an older home with Victorian architecture or something that supports many colors.
The best timeframe for painting the exterior of a home is every seven to eight years. If your home is past due for a repairing don’t skip out or you can risk expensive damage.
Use neutral colors like light gray, white, taupe, off-white, gray, tan, and beige in the interior to make the home a blank space for a new family.
In the Denver and Front Range areas, it's important to consider local styles and preferences when choosing colors for your home.
Increase Your Home’s Value with a Fresh Coat of Paint
Repainting your home before selling increases its value and can make it easier to sell. When you work with a professional painting company like Singletrack Painting, you get peace of mind knowing the company has years of experience with both interior and exterior painting.
When you’re ready to move forward, reach out to us for a free quote. We’re here to help you make the most of your home if you plan to put it on the market soon.
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