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How a Coat of Paint Increases the Value of Your Home
Dated: July 22 2020
Any improvement you make to your home should be done with the forethought of improving its value and increasing its appeal to prospective buyers. One of the least expensive ways to accomplish this is to grab a can of paint and a brush and get to work to create a positive first impression of your home.
HomeGain, a leading provider of marketing ideas to real estate agents, has found that the return on investment (ROI) for interior painting is 107% and 55% for new exterior paint. This makes the ROI for interior painting the top home improvement.
Selecting warm neutral colors can make buyers more easily visualize themselves living in your home. Color choice will determine if an interior space appears larger and more spacious or smaller and cozier. Light tones can help increase the openness of a small space, while darker tones tend to create more intimacy.
Since buyers seem to home in on kitchens and bathrooms during the hunt for a new home, you will want to prioritize your painting to transform these two areas. The right colors and application will help define important spaces. Consider creating colored accent wall areas to draw attention to any unique architectural features, such as alcoves, recesses, and soffits.
For exterior painting, focus on the true “first impression” of your home by selecting colors that will appeal to a wide array of buyers.
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