Increase Your Home’s Value with a Simple Coat of Paint!

When you decide to sell your New Jersey home, it only makes sense that you want to sell at the best possible price. Knowing what changes to make for an increased home value isn’t always an easy decision. Any reputable real estate agent should conduct a walk-through of your home before listing it  to offer suggestions or ideas you can implement to increase your return on investment. There are also many tips for increasing your home’s value across the web, but a study released by Zillow in 2017 says it could be as simple as a coat of paint.

Before you decided to paint, make sure you take a look at which paint colors result in an increased home value. Choosing the wrong colors can deter potential buyers from giving your home a chance.

Exterior paint matters

How your home looks from the outside, referred to as curb appeal, is an important component of selling your home. If a house looks attractive and welcoming from the outside, potential buyers are more willing to schedule a walk-through with their realtor. On the other hand, if a home looks run down and outdated, they may decide to pass assuming the inside is the same.

The Zillow analysis showed that homes painted in a color named “greige,” a mix of light grey and beige, sold on average for $3,400 more than homes with a brown or tan stucco appearance.

Don’t overlook your front door either, which is the main focal point of your home. Navy blue and slate grey exterior doors resulted in better sales than other shades.

Add some color inside

In the past, many realtors recommended painting walls a neutral color to increase its appeal. But, tan and white wall homes actually sell for less money.

Kitchens/bathrooms

Kitchens and bathrooms are typically the focal points for home buyers. Since kitchens are where you spend the majority of your time at home cooking, eating, or entertaining, you want to make sure it is appealing to potential buyers. Kitchens painted in soft gray-blue hues sold at $1,800 more than the average home sale. Most unexpectedly, was the impact a light blue bathroom has on the selling price with homes selling at more $5,000 above what was expected.

Living Area

Living rooms are another area where homeowners spend a great amount of time. You should opt for neutral shades such as light beige or oatmeal for an increased home value. These colors tend to be more welcoming and pleasant, and take less of a toll on the eyes than more vibrant colors like maroon or dark blue.

Bedroom and Dining Room

Blue is the color with the biggest impact on selling your home for more. In addition to kitchens and bathrooms, bedrooms and dining rooms with blue hues also sold for more than expected.

Before painting every room in your house, contact a trusted real estate agent for advice. The experienced team at Brightstar Realty & Rentals is ready to help when you’re ready to sell!