Even if you are not putting your house on the market, maintaining its value should always be on top of your mind, right? But the great thing is homeowners who spent money on painting their exterior received a 51% return on their initial asset, according to a 2015 study. You can get more prizes for your House if it looks awesome because of the paint. It’s like getting the best revenue of your money!
We know the major crisis you get while selling your house is its market value. It’s completely okay if you want to get a good payoff from it. However, to improve your chances of getting a great offer, experts say to put your home in the best light through strategic efforts. It includes refreshing your house, and curb appeal, and updating a kitchen with adorning paints. Let’s walk through the 5 ways that painting increases your home value.
Paint The Exterior Of Your Home To Increase Its Curb Appeal.
Think about your home as if it were dressed up in bright clothes. When people pass by, they notice it! This is the result of painting the exterior of your home. It gives the impression of being extremely alluring. This is called “curb appeal.” It’s like wearing your favorite clothes and feeling fabulous. When the exterior of your home is well-maintained and attractive, potential buyers will take notice.
If you want people to notice how beautiful your house is from the inside, don’t scare them away by the bad and unappealing look of your exterior. Although this fact is enough reason to paint your house there are other reasons too.
Paints are like the first line of defense against dirt, rain, sun heat, and wind. On the one hand, good exterior paint covers your house for a long time, on the other hand; bad paint will fade and chip over time. More potential buyers will be interested in making an offer on your home if it has a well-painted exterior that is visible from a distance.
Kitchen Paint Can Increase Your Asking Price By As Much As Ten Percent.
The kitchen is one of the most demanding places when someone is buying your house. It should be perfect; not too dull not too bright. Neutral or greige walls in the kitchen also fetch a decent price for homeowners. The most important thing to keep in mind, however, is that it’s not guaranteed that the color you adore will be the color that attracts purchasers.
Strategic Color Choices Elevate Home Value Up to 10%
Did you know your home’s price can dip by over $2,000 if your kitchen is painted red or other deeply saturated colors? Homebuyers are particularly interested in properties with ‘tuxedo kitchens’, or kitchens, that feature dark cabinets and white walls. That is why, you should hire a professional Hamilton painting company who can consult with you on the right choice and increase the value of your home.
You Can Get A Higher Return On Your Investment If You Paint Your Bedroom.
Who doesn’t want his bedroom with deep, calming colors? It has the potential to produce an excellent setting for a good night’s sleep. If your bedrooms, particularly the master bedroom, feature dark or highly saturated hues, it might be time for an update. Take the color red as an example. Although many individuals find the passionate shade of red energizing, scientific studies have shown that it increases arousal in the brain. There’s evidence to suggest that this shade raises blood pressure because it’s so stimulating.
Potential buyers can be substantially enticed by having the bedroom walls painted in soothing greys or neutral greige tones by a skilled painter.
Your Home’s Siding Will Last Longer If You Paint It.
Painting your home’s exterior might extend the life of the siding. Weather and regular use might eventually wear away at the siding. The siding might deteriorate over time from exposure to the elements. However, consistent painting creates a thick coating that shields the siding from the elements. This makes it more durable and reduces the frequency with which it must be repaired or replaced, both of which save money.
Painting also serves to cover up any imperfections in the siding. The walls seem brand new after this coat of paint has been applied, and any imperfections have been concealed. In addition, it’s a method of preserving your home’s condition over time.
Painting Has Both A Cooling And A Heating Effect.
If you paint the exterior of your home with the right colors, you can reduce your energy bill. If it’s hot where you live, utilizing bright colors on the outside can bounce off the sun’s heat and make things cooler inside. Dark colors, however, are great for retaining the sun’s heat on chilly days.
A good paint job isn’t just about appearances – it helps protect your house from things like mold and mildew. You have to deal with the elements, bugs, and changing weather on your home’s exterior. Putting on a fresh layer of paint acts like a barrier, stopping all those things from causing damage.
Kitchen and bathroom walls, especially those in direct contact with steam, should be painted regularly. This aids in protecting the item from normal wear and tear as well as dampness.
Choosing The Right Colors
Experts concur that painting your home a beautiful shade can completely transform it. House prices are affected by several factors, but none more so than your choice of paint color. The post on Zillow summarises the results of a recent study as follows:
- door colors: Adding a front door that is black or charcoal grey can increase the value of a home by $6,271.
- Wall colors: Neutral tones like light blue and tan remain perennially fashionable, but dark greys, blues, and blacks are increasingly popular too.
- Kitchen walls: Kitchens painted in brick, barn red, or raspberry red might lose as much as $2,310 in value.
- Kitchen cabinets: Tuxedo-style cabinets can boost home values by as much as $1,547.
- Dining room: Oat brown, medium sandy brown, and browns with yellow overtones are darker neutrals that might reduce a home’s value by as much as $1,684.
- Living room: Tans (with peach or pink overtones), light taupe, and dark peach are examples of warm neutrals that can add up to $2,793 to the value of a home.
- Bathroom: The value of your property could increase by as much as $2,786 if you paint your walls periwinkle blue (usually with a gray-blue tint).
- Exterior: Yellow exterior paint can reduce the value of a home by as much as $3,408.
Conclusion
A freshly painted house increased the rate because it stands out from the rest. Potential customers will surely be impressed by fresh paints if they don’t have much budget for home renovation. Even the smell of fresh paint tells the buyer that the place is well-maintained and newly painted.
Think about the house’s construction materials before picking a color. The hues you pick out for your home should go nicely with the colors already existing in the building materials.
Again, it is important to hire a professional painter who can help you get the job done right and your home will sell faster with high returns.