In the months leading up to selling your home, many homeowners create a list of projects that need to be done in order to make the property look nice and get the best price. Repairing things that are in need of fixing, updating old appliances, and remodeling dated areas are among some of the top things that make the list to fetch top dollar at sell time. Painting, a cost effective and majorly transformative measure, may be one of your best tools to increase your home’s value and improve aesthetics.
Realtors know that most home buyers are looking for turnkey homes. They do not want to put time and money into a home that they are most likely already paying top dollar for. Improvements, even small ones, can increase a home’s overall value.
Consumer Reports says that enhancing your home’s exterior, including paint touch-ups, can boost home value by 2-5%. As for your return on investment of painting the numbers show that painting is well worth the cost, time, and effort. Painting the interior results in a 107 percent on the return on investment (ROI), and painting the exterior leads to a 55 percent ROI.
Painting an entire house is not a small job. It will take days and special equipment including scaffolding and ladder extensions if you have a two story home. Choosing a professional painter can ensure that you have a team of experienced painters that will get a quality job done in an efficient manner.
Increase Curb Appeal
Although curb appeal is not an actual number you can see on your purchase and sale agreement for your home. It can, however, impact a home’s appeal. In a 2019 survey conducted by the National Association of Realtors, 66% of real estate professionals agreed that exterior paint is essential to a home’s curb appeal, and is a project that homeowners should complete prior to listing. have a major impact in the increase in value of your home.
At first glance, your home should look well kept and clean. That first impression can go a long way to getting buyers to consider your home for purchase. Remember that many homes are previewed online first. Home buyers spend lots of time swiping over images and deciding within seconds if they want to consider attending an in-person viewing or open house. Realtors report that home buyers decide within mere seconds if the “look” of a home from a computer image is worth further investigation.
The importance of making your home “buyer ready” is critical if you want to have multiple offers above your asking price. Contact our team for a free estimate and a color consultation.