These Paint Colors Can Boost the Value of Your Home
If you’re planning to sell your home, you may want to give careful consideration to the paint colors you choose. That’s because the paint color can influence the value of your property. Homeowners can expect a 107% return on investment (ROI), according to the 2012 HomeGain Top DIY Improvements for Sellers survey. This means that the value of a home painting project far exceeds the cost. But not just any color will do. To get the highest return on your painting investment, you need to know which color choices potential home buyers’ value most.
The kitchen is often the feature buyers consider the most, and not surprisingly, the most difficult for sellers to get right. Light paint colors like tan and grey and lighter shades of blue are among the most popular and make a modern kitchen look smarter and brighter. Kitchens with plenty of light can soften the tone with darker paint colors like navy blue. Also, “tuxedo cabinets”, cabinets painted in two contrasting colors are in high demand. The most popular painting combinations for home buyers are white upper cabinets with dark blue or black lower cabinets. This increased the home value by approximately $1,500, according to Zillow.
Based on recent Zillow sales data, home buyers are preferring neutral paint colors with soft contrasting shades like Winter Peach or even Blush Pink living rooms that offer a fresh, clean appearance. The best paint colors for the living room are taupe and grey with white crown molding. It’s an elegant finish especially when accented with dark hardwood flooring. And these paint choices increased the average resale value of a home by nearly $2,800.
For the master bedroom and even guest rooms, following the neutral color palette or soft pastels with coordinating accent colors will offer the biggest ROI for your painting project. For example, navy blue with a creamy white trim and ceiling is a smart color combination for a stately master bedroom. And the soft pastel color of cool mint green is a great color choice for a bright and airy master retreat.
The paint colors in the bathroom have changed with the times. Bold colors like navy, red or yellow are out. Today’s home buyers want a bathroom are moving to the calming lighter shades of blue with a hint of grey for a soothing, relaxing oasis that also happens to add up to $2,700 to the home’s value.
We’ve saved the best for last. Based on the Zillow 2018 Paint Color Analysis, painting the front door in a black or charcoal grey color gives homes an average $6,000 boost in its resale value.
All totaled, these paint colors can boost the value of your home by up to $13,000. Giving your home a fresh coat of paint is a smart investment that instantly updates your home when your color choices reflect current market trends.
Whether you’re planning on selling or remodeling your forever home, Lakeland Painting will give your home a fresh, updated appearance. We stay on top of housing market trends helping you to make the best color choices for your entire home.