Increase the value of your home

May 04, 2016
Increase the value of your home

Ever wonder why realtors suggest a fresh coat of paint when you’re ready to put your house on the market? Because it can increase the value of your home! Not only does it look nice on the walls, but it will look nice in your bank account, too!

According to Consumer Reports, a new interior paint job can increase the sale price of your home by up to three percent. Combine this with the estimated two percent new exterior paint can add, and you’re looking at upwards of five percent added to the sale. Five percent doesn’t sound like much, you say? Well, think of it like this – the average single-family home sale price in Houston is about $270,000. Applying some paint could potentially bring in an extra $13,500! If your home is priced at $500,000, this could mean $25,000 more, and so on.

If you’re trying to sell your home quickly and don’t want to re-paint entirely, consider selective re-painting. The kitchen and master bathrooms are two rooms that make the biggest impression on homebuyers. Painting these rooms in a neutral color – soft white, cool gray, warm beige – will allow potential buyers to focus on the features like appliances and fixtures. Also think about any bold or bright colors you may have in bedrooms or other areas of the home. These could easily be repainted for a softer feel and help make your home more marketable.

A relatively small investment in fresh paint could bring huge returns if you’re putting your home on the market. Contact Spear Paint today for an estimate!