Many homeowners complete multiple home improvement projects before selling their homes to make them more attractive and valuable to buyers. One of the most popular and cost-effective home improvement projects is painting.
Interior and exterior painting make the home more visually appealing and could increase the home’s value by several thousand dollars. Here’s a quick guide to understanding how painting your home impacts your home’s value.
How Much Value Does Painting Your House Add
Investing in professional exterior painting can yield a significant return on investment (ROI) of around 152%, according to iProperty Management. This means that for every dollar you spend on exterior painting, you could potentially see a return of $ 1.52. In fact, data by HomeLight suggests that an exterior painting job could increase your home’s value by up to $7,571.
On the other hand, interior painting can provide an average 5% boost to the home’s value and an ROI of 107%.
Based on these numbers, a $400,000 home could rise to $427,571 with a complete interior and exterior paint job.
Choosing the Right Colors
Selecting the color scheme for your home isn’t just about personal taste. It’s a strategic decision influencing your home’s perceived value and attractiveness to potential buyers.
Here are a few tips for choosing the right interior and exterior colors:
- Choose exterior colors that blend with the surroundings: Classic whites, soft grays, and warm beige tones can make the home appear larger and more inviting.
- Add bold colors to accent features: Deep blues, reds, or even black can add a touch of sophistication and curb appeal to accents like doors and shutters. According to Zillow, buyers usually prefer black front doors over gray doors and would be willing to pay slightly more for a home with a black door.
- Choose interior colors that reflect cleanliness: Light grays and off-whites are perfect for living areas and kitchens, creating a bright and airy feel. Softer hues, like pale blues and greens, are great for bedrooms because they have a calming effect that is conducive to relaxation. Bathrooms painted in light pastels or even vibrant whites can feel clean and spacious.
Interior vs. Exterior Painting: Where to Invest
Both projects offer significant advantages, but understanding current market trends and assessing your property’s specific needs can help you make an informed decision about where to invest.
Exterior House Painting Benefits
Exterior painting not only boosts curb appeal but also serves as a protective barrier against weather and insects, prolonging the lifespan of the siding. Exterior painting can increase the price by nearly $8,000 and has a 152% ROI, making it a cost-effective renovation to boost home prices.
Interior Painting Value
On the other hand, interior painting personalizes the living space, making it more appealing and reflective of current lifestyle trends. It’s an excellent way to update a home’s appearance without undertaking major renovations.
Interior painting can increase home value by up to 5% and address issues like stains, fading, or outdated colors, significantly improving the home’s overall ambiance. Also, professional painters will fix problems with the siding before painting, leading to even greater value boosts.
Which One Should You Prioritize?
Prioritizing exterior or interior paint depends on several factors. Ideally, you would paint the home’s interior and exterior, as both projects provide a good ROI and increase the property’s value.
Consider the following factors:
- Current market trends. If exterior appearances drive sales in your area, prioritizing the exterior might be wise. Conversely, if buyers focus on interior features and lifestyle fit, interior painting could offer a better return.
- The property’s condition. Evaluate the condition of your home’s interior and exterior. If the exterior paint is peeling or faded, it might be more urgent to address it first. Similarly, refreshing the interior could have a larger immediate impact if it feels outdated or worn.
- Budget and time constraints. Due to the scale of the work and preparation involved, exterior painting generally requires a larger budget and more time. If you have limited resources and your exterior is in decent shape, interior painting might provide a more immediate impact.
These factors can determine whether you should invest in one or the other, but remember that in some cases, you may need to do both to increase the home’s appeal and value.
The Importance of Professional Painting Services
While many homeowners are experienced in DIY home improvement projects, many are not. Additionally, in some cases, the scale of the project and the necessary tools are beyond what most experienced owners can reasonably achieve.
These are the benefits of hiring professional painters to paint your home before selling:
- Bringing precision and expertise that ensures a high-quality finish.
- Identifying and correcting issues like cracks, holes, or stains before applying the paint.
- Saving the time and hassle of preparing the walls and painting them, which could delay the sale if you do it on your own.
- Professional painters can also assist you in choosing the right color scheme for your home. This is a crucial step, as the right colors can significantly enhance your home’s appeal and potentially increase its value.
Partnering with professional painters like those at Precision Painting Plus can make the process less time-consuming and provide a better finish than most DIY-ready homeowners could, making them a viable alternative for your home improvement project.
Maximizing Your Investment: Tips for Homeowners
Do you want to make the most of your painting project to increase your home’s value? Consider the following tips:
- Before you start painting, it’s crucial to address all necessary repairs. Cracks, holes, and stains will almost certainly show through the paint job, forcing you to redo it or make a bad impression on potential buyers. By taking the time to fix these issues before painting, you’re ensuring that your home looks its best and is ready to command a higher selling price.
- Keep it simple. Choose neutral colors for interiors and exteriors to make your home as universally appealing as possible.
- Prioritize the high-traffic areas like the kitchen and the bedrooms. Buyers will spend the most time in these areas, so making a strong first impression is key.
- Use high-quality paint and supplies. They provide more durability, a better look, and more coverage.
- Hire professionals. If your home is large or you must paint complex architectural patterns that require expert hands, get professional assistance.
Painting Your Home Increases Your Home’s Value
Painting your home before selling it increases value and makes it more visually appealing to potential buyers. However, most homeowners don’t have the necessary training or tools to paint their entire homes in a reasonable timeline that doesn’t delay the sale.
That’s when Precision Painting Plus comes in.
You don’t have to let the project size get to you and prevent you from seeing it through. Contact Precision Painting Plus today for a consultation, and take the first step toward a fresh, beautiful, more valuable living space.
