Are you thinking about moving? If so, you already know that the value of your home is based on many different factors. Some of these factors are obvious: the neighborhood your home is in, the school system, and the size of your home. Other factors, however, may be more surprising.
Not only does a fresh coat of interior paint transform the entire look and feel of your space, it also can help increase your home’s value. A recent study conducted by Zillow analyzed over 50,000 sold homes and the colors of kitchens, bathrooms, dining rooms and living rooms in those homes. If you’re thinking about selling your home, incorporate our tips below into your home’s color scheme before putting it on the market!
This may come as a surprise, but homes with yellow kitchens yielded the highest sale premium, coming in at $1,360 above the expected value. But that doesn’t mean you have to run out and purchase a can of bright yellow paint. Typically, people enjoyed this color the most in hues of creamy or wheat yellow.
In addition to creamy yellows, other earthy tones are said to increase a home’s value. Colors like sage green, dove gray and mauve typically increased a home’s selling price. These earthy tones are well received in the bedroom, dining room, and living room. This does not come as a surprise. Because earthy tones, especially green, are abundant in nature, those are thought to bring about feelings of tranquility and composure.
While many people think white is the perfect choice to paint before putting your house on the market, this study proves otherwise. While white walls give potential buyers the ability to paint whatever color they choose, the lack of color can often leave them feeling cold and unattached to your home. Many potential homeowners may also see white walls as just another project they would have to work on. In this study, homes with white kitchens sold below the expected value.
In addition to white walls, homes with dark or style-specific wall colors, like dark brown and terracotta, didn’t seem to be well received in this study. Dark brown in both the bedroom and bathroom decreased the home’s value by a few hundred dollars. Homes with terracotta living rooms sold for almost $800 less than expected.
If you’re looking to liven up your home’s interior with a fresh coat of paint before putting it on the market, we suggest sticking to neutral, earthy tones. Not only are warm neutrals stylish and clean, but also are well received by the masses. Sticking to neutral and earthy tones help signal to potential buyers that the home is well cared for, and that may translate to other areas within the house.
Whether you’re thinking about moving or you’re just looking for a fresh and easy way to breathe new life into your home, you can trust the experts at Gleco Paint for high-quality paint and tools for the best possible price! With top-brand paints like Benjamin Moore, Sikkens, Pittsburgh, Coronado and Zinsser, we are guaranteed to have a brand and color that you will love. For more information, please contact us today or visit us at our Mt. Pocono, Scranton, or Easton locations!