It’s true that it’s a seller’s market out there, especially with reports that this year is one of the most competitive seasons for home buyers. Even if you are selling your house this year, there are some small things you can do to help increase the value of your home. According to Real Simple, color can be a powerful tool to higher prices.
Sure, you can take on a couple remodeling projects, including some quick curb appeal fixes, but the easiest thing you can do is refresh your home with a fresh paint job.
It all depends on the paint colors you choose for particular rooms or home features. Zillow’s 2017 Paint Color Analysis (a review of more than 32,000 sold homes across the country) found that blue bathrooms in particular (in shades of powder blue or light periwinkle) sold for $5,440 more, while the exterior of homes painted “greige” sold for $3,496 more than homes that were painted a medium brown or with tan stucco. And sometimes, all you have to do is paint your front door a different color—doors painted in shades of dark navy blue or slate gray sold for $1,514 more.
The blue trend is the same for kitchens, bedrooms, and dining rooms, which can help a home sell for $1,809, $1,856, and $1,926 more respectively. Surprisingly, spa-like white bathrooms seem to have the opposite effect on a home’s selling price—Zillow found this could actually decrease the sale price by $4,035. In the living room, it’s the opposite: brown shades (light beige, pale taupe, and oatmeal) can increase the selling price by $1,809, while blues can decrease the price by $820.
“Color can be a powerful tool for attracting buyers to a home, especially in listing photos and videos,” Svenja Gudell, Zillow chief economist, said in a press release. “Painting walls in fresh, natural-looking colors, particularly in shades of blue and pale gray not only make a home feel larger, but also are neutral enough to help future buyers envision themselves living in the space.”
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