Does Fresh Paint Increase Your Home’s Value?

If you’re looking to put your home on the market, one of the most cost-effective ways to increase your home’s selling point is repainting. 

Both interior and exterior paint jobs have been shown to increase your return on investment (ROI). According to a 2012 study, painting the interior of your home leads to a 107% ROI and painting the exterior results in a 55% ROI. 

Repainting your home can be an investment, but it is shown to pay off in the end. 

Painting the interior of your home on average will cost about $967, but offers an increase of $2,001 in value. Exterior painting is costlier, averaging about $1,406 to do, but results in a $2,176 increase in home value. 

As you can see, re-painting is one of the easiest ways to get more money from your home when you’re selling. 

Tips for Repainting the Interior of Your Home

Repainting your home is undoubtedly a wise choice, but where do you begin? Starting with colors, it is important to make the right color choice. After all, colors can play a big part into the character of your home. 

Studies have found that it is best to paint the interior of your house in warm neutral colors. When picking colors, try to find ones in these color families:

• Beige
• Tan
• Gold
• Grey
• Taupe
• Greige 

These neutral colors are best because they allow for the potential buyer to imagine their things in the home more readily. Additionally, most buyers don’t want to repaint after splurging on a home, so neutrals are an attractive feature. 

Colors can also impact how a buyer sees a room. 

Light pastel colors can make small rooms appear more spacious. Trim that matches the walls can also give the illusion of a bigger space. And if you have a large spacious room, painting it a warm, dark color can give it a cozier feel. 

Now that you know what colors to use, what rooms should you prioritize? 

Perhaps you are in a time crunch or do not have the financial means to paint every room in your home. In that case, you should focus on repainting your kitchen, bathrooms, entryways, and foyer. Typically, these areas see the most wear and tear on the paint job. 

These rooms also have established color palettes that are appealing to most buyers. 

You can’t know how someone wants a bedroom painted, but these rooms are more neutral. It is recommended you have the kitchen painted tuxedo style, with dark cabinetry and light walls. Bathrooms should be painted in light creams or blues. Entryways and the foyer should be in a light neutral color to brighten the space. 

Tips for Repainting the Exterior of Your Home

Painting the exterior of your home is a bigger undertaking than painting the interior. 

Despite this, it is guaranteed to give your home more curb appeal and attract buyers since it is the first thing they will see. If you’re looking to paint the entire exterior of your home, it’s recommended you hire a professional. That being said, there’s still some sprucing you can do on your own. 

The first step is establishing a color palette. 

For the exterior of your home, it’s recommended you follow a three-color rule. With this, 60% of the house (usually the siding) should be one color; 30% of the house, such as the garage and trim, should be a different color; and 10% of the house, including the windows and shutters, should be a third color. 

Once you have your color palette created, you can touch up doors, windows, shutters, and trim. These things will help make the house look well taken care of, but don’t require as much money, work, or danger to do. 

A study performed by Zillow found that homes with a dark-colored door sell, on average, for $2,671 more than others. Repainting a door will cost you only between $100-$400 leading to a huge profit margin. 

Also, covering up the wear and tear on the paint will make the house look as though it has been under good maintenance. This eases a buyer’s mind about the condition of the house because it will appear to be well taken care of. 

Interior & Exterior Painting in Metro Detroit

Painting your home can be a huge undertaking, which is why Armor Tough Coatings is here to help. Our professional team of painters will guide you through every step of the process, even color selection! We can give your home the look you want without any work on your part. Call today for an estimate!