If you’re planning to put your home up for sale, one of the simplest steps you can take to quickly add a bit of value to your home is put up some fresh new coats of paint. This is about the least expensive investment you can make in your home to give you a big return.
According to a 2012 HomeGain study, painting the interior of your home will result in a 107 percent return on investment, while painting the exterior results in a 55 percent ROI. On average, it will cost $967 to paint the interior, which will give you a $2,001 increase in value. Painting the exterior costs $1,406 on average, and results in a $2,176 increase in value. Most realtors, therefore, recommend painting walls and doing other paint touch-ups.
So how can you maximize this ROI? Here are some tips to consider when working with a painting contractor in Tyler, TX to improve your home’s value before a sale.
The colors you use inside your home matter. As a general rule, you should select warm, neutral colors. This makes it easier for buyers to imagine themselves living in the home, because these paint tones will go with just about any type of décor. Having these inoffensive paint colors gives a positive impression to buyers, who probably don’t want to have to spend the extra money and effort painting after they close on the home. Therefore, stick to beiges, grays, golds, tans and “greige.” Avoid using white—this tends to be too stark for buyers on a first impression.
You should also prioritize the rooms that get paint. The right type of paint can make a small room look bigger and a big room look cozy. Your first rooms that get a fresh coat of paint should be your kitchen, bathrooms, foyer and other entryways. These are areas that either make a first impression on your buyers or are big areas of consideration for people when looking at homes. Consider how your color choice will emphasize the unique features of your home.
Finally, consider the type of paint. Different finishes and sheens can impact how the color looks on the wall. Broad walls should use flat or eggshell sheens, while semi-glosses on the doors and trim are better for cleaning off dust and handprints. Use high-quality brushes and rollers if painting yourself.
Use no more than three colors on the outside of your home—otherwise you run the risk of it looking busy and hodgepodge. Use the 60-30-10 percentage rule, in which 60 percent of the paint is the body of your home, 30 percent is the garage doors and trim, and 10 percent is the front and shutters that give just a pop of color. Make sure the colors you select actually flow with each other, too—use color wheels for this purpose.
For more information about painting your home before a sale, contact Salgado Painting to speak with a skilled painting contractor in Tyler, TX.