If you’re like most people you probably aspire to be something more than plain, boring, predictable and staid. How many times have you tried to spice up your life with a colorful addition to your wardrobe, shoe collection, tie or hair color? While adding a pop of color is a great idea for a garden or attention getting outfit, it turns out that may not be the case when it comes to home values. A recent comprehensive survey delved into the mysteries of home color and sales price. The end result is a handy guide of do’s and don’ts if you want to get the biggest return on your investment.
Brighter is Not Always Better
File this finding under the “well, d’uh” category. It turns out that brighter colors overall have a smaller positive impact on your home’s value. In some cases, they can even be a negative. Bright orange may have been great on Annie, but when it comes to creating an attractive, warm and inviting atmosphere for realty…not so much. Overall both traditionally and in line with modern decorating trends, neutral palettes are best. Before you go painting everything eggshell white though, the survey did show that inviting shades of gray, tan, green and khaki all performed better than old tried and true pale ivory.
Color Choice by Room
If you’re looking to delve further into specifics, it turns out that not all rooms are created equal when it comes to a splash of color. Yellow went over big in kitchens but didn’t quite get the job done in the bedroom. For your cozy spaces, relaxing shades such as light brown’s, greens and rich grays not only attract buyers’ attention, they also help you get a better night’s sleep than more stimulating reds or oranges.
For living rooms, neutral shades of gray seemed to be a real winner, adding a few extra thousand dollars to a home’s final sale price. Orange got no love in this category either, though, detracting from the sale price and value. Dark colors in bathrooms apparently also isn’t a good option. And if you’re thinking about alternative paint patterns such as sponging, or coverings such as wallpaper, just don’t do it. You may enjoy that scenic landscape or fruit bowl paper, but most buyers just see the added expense of having to correct your quirky tastes.
Fresh Coat of Paint
Whatever color you choose, consider a paint job to be similar to staging, gardening or other methods of preparing your house for sale. A good paint job shouldn’t stand out or draw attention to itself. Clean corners and lines between ceiling and wall give the appearance of a professional job and compliment without sticking out like a sore thumb. If painting isn’t your forte, consider hiring a professional painter to get the job done. It may not pay off to foot the bill to redo the entire house, but a fresh coat of paint in key areas such as the living room, dining room, master bedroom or kitchen, can be an inexpensive way to give your house a modern facelift.
Moral of the story when it comes to painting and home value is to do your best to create an environment where other families could picture themselves at home. Stick to widely appealing color schemes and solid application and survey says you’ll see big rewards in the end.