When we are about to sell our property, the logical course of action about doing is increasing the value of our home and property by renovating areas that might seem like it’s already at the end of its lifespan. One of the more popular ways of increasing your home’s value is by making it stand out with a fresh coat of paint. But does the colour of the paint increase the value of our home? If so, what are some of the best colours that we can use? Here’s what you’ll need to know.
Does it Increase Value?
Let’s get straight to the point: yes, paint does increase the value of your home. In fact, it’s one of the easiest and most cost-effective ways of increasing the value of your home without having to spend thousands of British pounds on equipment and hardware. Since it’s simpler than having to install different types of structures, you need not worry about potential physical hazards.
Most experts would say it’s one of the cheapest known investments that will have the biggest return, especially when all you have to buy is paint. It’s also easier to save when you already have the tools for it.
Certain studies have shown that using a fresh new coat of paint on different parts of your interior can result in an almost 107% increase in your return on investments while painting your home’s exteriors will often lead to a 55% return on investment.
On average, painting the interiors of your home will usually have an average cost of $1000 USD or 780 British pounds. In theory, if we compute the net increase based on the ROI for interior design, the value will go up to $2001 USD or 1545 GBP. For the exterior, the ROI increase is lower. You might have to spend more on your exteriors, especially when it has more surface area than the interiors. If you are spending $1000 on your interiors, you’ll get $1550 based on the ROI.
While these numbers might look good in theory, it’s still important to note that this does not exactly translate to numbers used in real life. Certain data and information might be different in other countries and areas.
Still, the process of painting your home is a time-consuming and tedious process. Although it might seem easy to do when you see experts do it, it’s not always the case all the time. When you’re painting your home, it’s best to remember that most of the elements might not be working in your favour.
Since time is of the essence when painting, you might want to commission the services of painting and decorators that can ensure that every aspect of your home is painted properly. Not only will this increase the overall value and the general appeal of your home, but they are also known for providing responsive decorating services that will reflect your personal preference.
Essential Tips When Choosing The Right Paint
It’s important to note that the colours that you’ll be using on your property will ultimately be reliant on key factors. It’s important to think of the following:
- Material used
- The visual “texture” of the materials
- Architectural design
- Exterior design
- Environmental factors
- Interior design
Warm Neutral Colours For Interiors
But even though you will need to weigh in on different factors when you’re using paint, warm neutral colours are known for working well with almost any type of interior design. Your home is more likely to sell when you’re incorporating a fresh new set of paint, especially on areas that will be the first thing that most buyers will see. Most would suggest painting your lobby and your porch.
Neutral colours are a great way of attracting potential buyers. One of the reasons why neutral l colours are such a good choice is that most individuals will be able to visualize almost any type of lighting in the room. Whether it’s ambient natural lighting or warm-coloured lighting, neutral colours can easily blend in with any type of paint scheme.
Colours such as gold, grey, and tan are just some of the examples of neutral colours. Contrary to what most people think, white should be avoided since it makes stains and dirt stand out while also being too stark for certain types of rooms.
At Least 3 Colours for Exteriors
Naturally, the exterior will be the first thing that most people will see, so it’s only appropriate that you give potential buyers a good first impression. Some homes that are built with certain types of materials like brick don’t necessarily require a new coat of paint. However, different types of building materials like sidings will need painting.
Experts would recommend having at least three-colour palettes for your exterior. The general rule of thumb when it comes to painting exteriors is:
- 60% – For the body of the home, especially for bricks and sidings
- 30% – For larger entryways such as garage doors and the trims
- 10% – For smaller entryways like fronts and shutters, with at least a bit of lighter popped colours.
There are different colours that you can use for your home. Still, neutral colours are great for your home’s interiors while you should at least have 3 colours for your exteriors. If you’re in doubt about how you should mix and match your paint, you might want to consider consulting with a professional before making any final decisions.