Monday, 01 June 2020

How Painting Your Home Can Improve Its Value

Written by Posted On Wednesday, 20 May 2020 11:32

If you plan on selling your home in the next few months, now’s the perfect time to do whatever you can to maximize its value—and your return. While you may not have the time or budget to take on a full kitchen or bathroom remodel, there are a number of upgrades you can complete to give your home’s value and curb appeal a solid boost. In this article, we’ll review why interior and exterior painting make sense and can improve your home’s value.

Interior painting: One of the best projects to tackle before you list

If you’re looking to sell your home in the near future, there’s a good chance that your realtor will recommend you repaint the interior walls. It just makes sense: interior painting is a relatively straightforward project that requires minimal upfront investment, yet can really have a profound impact on how prospective buyers feel about your home. On average, homeowners who repainted before listing their home saw a 107% return-on-investment (ROI), which means most of them increased the value of their home well beyond what the project initially cost them.

So, why does interior painting have such a positive impact on a home’s value? For one, most buyers subliminally associate new paint and a clean interior with a home that has been well-cared for by the current owners. This may lead them to make positive assumptions about the quality and value of the home relative to others they’ve seen. Think of it as putting your home’s best foot forward: it may not increase your home’s value by tens of thousands of dollars, but it can have a concrete impact on the offers you do receive.

Exterior painting: Improve your home’s curb appeal

As the saying goes, you never get a second chance at a good first impression. What kind of first impression does your home make on potential buyers? Even in an age of online listings, a surprising amount of that initial impression is formed when they pull up to the property for their in-person visit.

What your home looks like from the outside sends a message: whether that message is good or bad is ultimately determined by you, the seller. Overgrown vegetation, dirty pavers, and fading exterior paint might signal to buyers that the home hasn’t been very well cared for, or at least isn’t worth what you’re asking for it. These issues can slow down your home sale and, with enough time, eat away at your asking price.

Along with landscaping and cleanup, having the exterior of your home painted by a professional house painter is well-worth the cost. On average, homeowners who have their home’s exterior repainted prior to sale see a 55% ROI. However, when you take the positive impact on curb appeal—that critical first impression—into account, you’ll find that it’s a project with clear-cut benefits.

Hiring a professional just makes sense

If you’ve decided to move forward with painting the interior and exterior of your home prior to sale, you should strongly consider hiring a professional painting company to handle the work. There are a number of benefits to working with painting professionals:

  • Quality: Professional painters have access to pro-grade interior and exterior paint that looks better and lasts longer. This is especially important for exterior paint, which has to stand up to the elements without showing signs of wear or fading.
  • Time: A team of professional painters can paint a home much more quickly than a single homeowner can. This is important if you need to list your home by a certain date, or if you have plans in the lead-up to selling your home (such as handling relocation to another city for work).
  • Warranty: Most exterior painting comes with an extended warranty to protect the quality of the workmanship and paint.
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Jane Wilson

Jane Wilson is the house painting content specialist at Crash of Rhinos Painting, a professional exterior house painting company in Phoenix, Arizona. When not in her office, Jane is an avid beach traveler and a fashion design enthusiast creating handmade women’s dresses.

https://www.crashofrhinospainting.com/
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