Want To Increase The Value Of Your Home? Choose Paint Colors Wisely
If you’re thinking about putting your house on the market, obviously you want to do everything you can to increase the value before you sell. And if you want to add to that value without breaking the bank? Try a little paint.
According to Zillow’s 2018 Paint Colors Analysis, which analyzed the effects different paint colors had on home values, choosing the right paint colors—and incorporating those paint colors in the right way—can make a huge difference when you list your home.
Which colors will give you the most bang for your buck? According to the analysis, painting your door black can boost your home’s sales price by 2.9% while covering the bathroom walls in a periwinkle blue can add another 1.3%.
The kitchen is another area where the right paint can add serious value. The analysis found that a “tuxedo kitchen” (which features light walls and dark cabinetry) can increase the value of a home by an impressive €1370. But the wrong color in the kitchen can cause prices to plummet; a brick red shade can lower a home’s selling price by €2040.
If you’re thinking about putting your home on the market, you should definitely consider painting. The right colors and a few strokes of the brush may be all it takes to add thousands of dollars to your home’s final sales price.