Did you know that the Zillow conducted a paint colour analysis and looked at more than 135,000 photos of sold homes to determine how paint colours affected their sale price. Let’s take a look at what they found and some unexpected ways you can improve your home’s curb appeal and increase your home’s sale price as well.
It is no secret that a beautiful, well-kept porch area will boost your curb appeal and increase your home’s value. But, did you know that the colour of your front door can increase your home’s value even more? According to the Zillow Paint Colour Analysis, homes with black or gray front doors sold for an average of $6,271 more than those with other colour combinations.
Tuxedo kitchens are becoming a popular trend in interior design. A tuxedo kitchen is when you paint the upper and lower cabinets two different colours. For example, you may choose to have white upper cabinets and black or navy blue lower cabinets. Having this popular, colourful trend is not only going to update and improve your entire kitchen, but the paint analysis found it can increase your home’s sale price by up to $1,500.
You must be smart when painting the exterior of your home. This decision can significantly affect your home’s value and sale price. Bright colours, such as yellow, can affect your home’s value and detract potential buyers. Yellow exteriors, in particular, can decrease your home’s sale price by more than $3,000. Grey and beige exterior colours, on the other hand, can increase your home’s sale price by approximately $1,500.
One secret to impressing potential buyers and making your home move-in ready is to paint neutral colours on your walls. Consider painting the interior of your home colours such as light grays, tans, creams, etc. These colours are not only warm and inviting but go with many home décor and styles as well. A living room painted in a light taupe, which is a tan colour, can increase your home’s value by more than $2,700.
Some bold colours in rooms like the kitchen will actually decrease your home’s value. For example, the Zillow Paint Colour Analysis found that red kitchens can decrease your home’s sale price by up to $2,000.
When choosing the colours for your home, choose wisely. If you have any questions about selling your home, preparing your home to sell, the real estate market in Collingwood, etc. contact real estate agent Christine Smith today.