When thinking about selling a home, sellers want to get the most for their money. Regularly brokers and real estate professionals will suggest making some upgrades prior to listing your home on the market. However, the size and cost of these updates do not need to be monumental in most cases, such as a full-kitchen or bathroom remodel. In fact, reports have shown that with just the simple act of applying a new coat of paint in an inviting color can often seal the deal for many buyers.
A new coat of paint can increase your asking price
Zillow, a real estate and rental marketplace, found that after reviewing 32,000+ photos from sold homes around the country that certain paint colors impacted their average sale price compared to homes of similar value with white walls. For example, homes with white bathrooms sold for an average of $4,035 less than similar homes. Similarly, homes with blueish bathrooms sold for $5,440 more than expected, kitchens with light blue-gray walls sold for $1,809 more than expected, and interior walls with cool, natural tones like soft oatmeal and pale gray also had top-performing listings.*
What rooms to paint
First impressions can make or break a home sale. If a real estate professional comments that your home has bright/unsightly colored, or chipped and/or deteriorating paint, then a new coat of paint both inside and out may be worth it. Remember that the front side of your home, exterior door, and entry way are the first things that will make an impression on your buyer so give special attention to those areas. If you are looking to pick and choose what interior rooms that experts suggest you focus on, choose both the kitchen as well as all bathrooms.
What colors to choose
As reiterated through the Zillow statistics above, home-selling experts recommend using a neutral-color interior paint so you can present buyers with a blank canvas where they can envision their own style. This does not mean paint your interior walls white, but to opt for fresh, natural-looking colors, particularly in shades of blue and pale gray, which make a home feel larger.
As for exteriors, it’s important to blend in with, and not to stand out from, your neighbors’ homes. A common option for a painted exterior is to use a hue of white with colored trim, though buyers continue to respond positively to mixes of light gray and beige complemented by a dark navy blue or slate gray front door. If your home has been stained and is settled among the conifers in Tahoe, then a new coat of stain may be all that your exterior needs.
If you are thinking of selling your home and are interested in getting the most out of your sale, then contact us at Sierra Precision Painting for a new coat of paint or stain. From paint selection to expert application, we can help your home make an impactful impression on your potential buyer.
* Source: https://www.usatoday.com/story/money/2017/06/18/how-coat-paint-can-determine-your-homes-sale-price/400361001/