05 Dec Selling? Add Fresh Paint To Improve Your Home’s Resale Value
A New Coat of Paint = Better Home Prices
If you’re considering a new home purchase, chances are it’s contingent on selling your current home. It’s a not-so-well-kept secret that painting your house prior to putting it on the market is one of the easiest ways to boost the asking price.
Now is not the time to install those granite countertops or finish your basement. There’s a strong chance that the improvements you’ve been dreaming of won’t get your money back, let alone generate a positive return on the investment. To get the best price you can without breaking the bank, grab a roller or hire a professional painter. Painting is the tried-and-true home improvement that always grabs attention. If your realtor is worth his salt, he’ll tell you the same…improving your home’s resale asking price may be as easy as sprucing it up with updated paint.
What Buyers Notice When Looking At Homes
Basically, buyers look at whatever they see first. Naturally, repainting your front door is a great place to start. Make sure and py special attention to any areas that home buyers will see first. On the front facade and anything that surrounds the front door, remove or repaint any peeling or flaking to help out with curb appeal and improve the overall first impression. Be sure to repair wood rot, nail holes or cracks. Here’s a pro’s inside tip…choose an eggshell or a dull matte paint finish to take the focus off any flaws and imperfections. Especially if you’re in direct sunlight. Be mindful of what YOU see first when you walk up to or inside your house. Ask friends or neighbors who aren’t over much to give their input. A fresh set of eyes never hurts when you’re evaluating areas for improvement.
Go Neutral…Or Go Bold
Some people just love deep, rich reds. Others hate it and are turned off. If you want to stand out and swing for the fences, go ahead and go bold. Just know that along with potentially making this a “perfect find” for the right buyer you might be alienating a large portion of the market. A safer choice is a nice, neutral tan or beige. Safety first!
If the current paint is still in good condition, a light pressure wash might be all you need. It’ll brighten the exterior and create a welcome feel for your upcoming visitors. If your home exterior is purple or if your wallpaper was around when the Beetles were still together, now is the time to go for cream, beige or some other neutral color. Most realtors even recommend repainting the entirety of your home’s interior in an off-white shade just to provide a clean slate for the new buyer. This is especially valid for high-end homes where the picky buyers will spend freely to “make it their own” after closing. It might not be your style, but the more neutral colors that are in your home’s color palette, the more possibilities a buyer will see. And a lot of homes are sold on the concept of what’s possible versus what’s presented.
Actually, there’s a few great tips on what to do in the video below (get through the first few seconds of introduction and the bulk of the video is very sound painting advice):
Think Before Hiring A Professional Painting Company
You can always do it yourself, but hiring a pro can save time and generate a truly impressive finished product, but be careful to choose wisely. Hiring the wrong company will cost you three times as much if they don’t finish on time or do a half-hearted job. Take the time to hire the right person or group, do some research. Here’s a quick checklist to consider:
* When hiring a professional painter always check for references. An established business should have plenty!
* Check their insurance – both Workman’s Comp and Liability Insurance. You don’t want to be on the hook for either one if something goes wrong!
* Find out what their warranty is. Most painters will offer a year. A warranty of 3-5 yrs is a good sign that the company is willing to stand behind their work no matter what – and this carries over after sale – which can be a great selling point to a potential new owner.
* Ask WHO is doing the work…the person you’re talking to and their company employees, or a sub-contractor. True professionals will never sub-out their work (this is often overlooked, unfortunately).
When it’s all said and done, you’ll have a home that stands out with incredible curb appeal and a ‘wow’ factor on the inside, both of which are key to making sure you get every dollar possible out of your sale. Good luck!