Paint Upgrades to Boost Resale Value of Your Home
Selling a home can be difficult. Not only do you have to come up with a good price, but you also have to compete with every other house on the market. As a result, more and more homeowners are trying to make their homes stand out. From replacing their roofs to repairing their homes, there are limitless opportunities to increase your home’s curb appeal. But can paint upgrades truly increase your home’s value? And if that’s the case, what’s the most effective type of paint upgrade?
Can Paint Upgrades Boost Your Home’s Value?
There’s little to no doubt that a new coat of paint can increase your home’s value. In fact, according to research, painting the home’s exterior leads to a 55% return on investment. While that’s a stunning ROI, painting the home’s interior is even more profitable, and leads to a stunning 107% return on investment.
Additionally, paint upgrades can also make your home more attractive to potential buyers. And since you have to compete with other houses that are for sale, a new coat of paint will surely make your home stand out. Even better, potential buyers will enjoy the fact that they don’t have to spend additional money repainting the house themselves. In other words, a repainted home is an investment for both homeowners and buyers.
What Type of Paint Upgrades Increase Your Home’s Value?
Now that we know for sure that paint upgrades can increase the value of your home, it’s time to see what’s worth investing in. And while ROI is a good metric, there are other details we need to consider.
Many homeowners prefer to repair the home’s exterior while leaving the interior as it is, and the benefits are obvious. For starters, exterior paint improves the appearance of their home, which attracts potential buyers. And in a neighborhood full of old painted homes, a fresh coat of paint can make your home look unique. Choosing a splash of color for the entry door such as teal or red is a good way to grab a buyer’s attention as well. Be sure to choose the paint you use carefully, as you want your house to stand out as fresh and clean but not out of place.
Interior painting has a great ROI as well. And while it doesn’t have the same curb appeal as exterior painting, it can still impress potential buyers. But just like exterior paint, the color palette and style matter. For instance, you can’t mix and match burning colors with vintage furniture. And you should definitely avoid using both cheap and expensive paint, as the contrast between them will be noticeable. Neutral interior paints are best when selling so the buyer can envision their colors and furniture in the home.
The Bottom Line
Overall, repainting your home is one of the easiest ways to boost your home’s value. However, while painting can seem easy enough, it’s always better to rely on a professional. Luckily, Mike’s Decorating & Painting is here to turn your home into any buyer’s dream. Specializing in both interior and exterior painting, we can handle all sorts of projects, no matter their scale. And with 37 years of experience, we know paint like the back of our hand.
So, what are you waiting for? Give us a call and improve your home’s curb appeal today!