When preparing to list your home on the market, it’s important to take note of any possible ways you can help increase your home’s value. While many upgrades can involve spending several thousands of dollars and can take months to complete, there are quicker, less-costly alternatives for homeowners. So, what’s one of the easiest, most cost-effective ways to increase your home’s value? A fresh coat of paint!
Painting your home’s exterior offers a return on investment of about 55% and painting its interior can offer a return of as much as 107%. Additionally, according to the National Association of Realtors, 68% of realtors recommend painting before listing. But with so many options available, which colors are best for increasing value?
Paint Colors that Increase a Home’s Value
Greige (a neutral shade that’s a mix of gray and beige) has been a top trend in home decor for nearly a decade. It’s extremely versatile and lends itself well to almost any style of home. So, it’s no surprise that updating the exterior of your home with a fresh coat of greige paint can increase the value of your home by as much as $1,526, according to a Zillow report.
Be sure the greige you select is a lighter shade, however. Darker shades of greige, taupe, or tan on your exterior can decrease your home’s value by nearly $2,000. Another helpful rule-of-thumb when painting an exterior is to never use more than three colors.
With the right hue of blue, you can increase your home’s value by nearly $2,000. Now, before you go painting your entire house a shade of electric cerulean, keep in mind that more muted shades of blue are what buyers want to see, especially in the kitchen, dining room, and bathroom. Select blues that have hints of gray or beige such as periwinkle or powder blue. Stay away from aquas and turquoises. These softer blue colors are also quite popular in bedrooms, where people prefer to enjoy a soothing, relaxing aesthetic.
Another interesting place buyers love to see blue? The front door. A blue front door can increase a home’s value by about $1,500. But painter beware: blue in a living room is a major no-no, as it is known to actually decrease a home’s value by nearly $900.
3. Beige or Taupe
Beige and taupe hues are buyer-favorites, especially in living areas. When listing your home on the market, it’s important to set a stage that buyers can easily see themselves (and their home furnishings) in. It’s difficult for a potential purchaser to walk into a maroon room and picture themselves living in it when they have a penchant for, say, the farmhouse style. Keeping living areas neutral will help create a blank slate of sorts.
Other Important Paint Considerations
There are a few other helpful considerations to keep in mind when updating your home’s paint colors:
● For the most part, stick with warm neutrals.
● The kitchen, bathroom, and entryway are the three most important spots to update
● Bright or trendier colors can work in your favor when used to help special nooks and crannies “pop”
● Flatter paints are best for walls while glossier paints are better for doors, baseboards, and moisture-rich environments like bathrooms
● If you’ve got a white bathroom, it’s best to throw some color onto it. White bathrooms can decrease a home’s value by about $4,000.
At Ken Golen Design, our unique style and impeccable attention to every detail is what has made us successful. The personal service we provide to our clientele sets us apart from other decorating firms.
Ken Golen Design considers space planning, style, materials, furniture placement, lighting and color selection when creating the perfect atmosphere, mood and ambiance in your home or office. Whether your taste is contemporary, traditional or eclectic, our goal is to give you a coherent style of comfort, elegance, and distinction, while using the finest quality materials and experienced craftsman.
Please contact us or click here to learn more about our services. We look forward to working with you.
Ken Golen Design
1290 Weston Road, Suite 314, Weston, FL 33326
954.217.7388 / Fax 954.337.0617
email: [email protected]
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