What You Need to Know About How Much Painting Boosts the Value of Your Home
Whether you are getting ready to list your Bismarck home on the market, or just want to maximize the value, you will be surprised to learn how much worth painting will add. It’s obvious that new paint ups the value – just a professional power washing of the exterior can increase the asking price by as much as $15k.
However, what many people do not realize is that the color choices have a lot to do with the increase, as well. Point being, it is not just about slapping on a fresh coat of paint, it is about learning which hues will help you get the most bang for your buck.
The Science and Finance of Colors
Simply put, the right colors help potential buyers imagine themselves in the space. So what are these colors and what are their values?
If you’re still thinking yellow is the power color to sell kitchens, think again. Shades of blue are now the alluring hue for this culinary space. Anything ranging in the color pallet from light blue to soft grayish blue can also heighten the appeal of the space meant to inspire your taste pallet – by as much as $1,800!
The same color, but different shades, also help in the bedroom. Certain housing sites rank specific shades of blue, but it can also help raise the value in this room by about the same amount, if not more.
Neutral tones that are less than drab help sell that exterior. Gray or beige, or a mix referred to as ‘graige’ help keep things simple, without be as lackluster as simple white. Adding this to your exterior helps spike the property worth by approximately $1,5000.
You can then double that by adding a blue or gray front door. Although red is still known as the good luck color, it’s these colors that are helping homeowners see green!
Make that powder room a powder blue and you will also see some financial gains. In fact, going with blues to purples like periwinkle can earn you as much as $5k more in overall value and asking price amounts.
Making Sense and Cents of it All
It is also about what colors you should avoid. The wrong colors can not only detract from the overall value, but also make it impossible to find a buyer. For instance, even though blue seems to dominate when it comes to raining the value, the one space you should steer clear of using blue is the living room.
Same thing goes for white bathrooms, yellow kitchens and red dining rooms. Plus, avoid color fads like hot pink and highlighter yellow. The only thing potential buyers see is money they will have to spend on getting the space repainted – immediately.
Get the best advice, as well as painting work, from The Painters Inc. We can help you make smart choices whether you are putting your house on the market, or finding just the right hue for your dream home.