How Painting Your Home Can Boost Its Value

Article written by Jane Wilson

Planning on selling your home in the near future? You’re certainly not alone. In the coming months, thousands of local homeowners will list and sell their homes. Each and every one of them has the same goal in mind: maximizing their return-on-investment (ROI) and getting the most possible for their property. In this article, we’re going to make the case for how painting the interior and exterior of your home will not only boost the value of your home ahead of sale, but also improve its curb appeal.

Interior and exterior painting is a high-ROI project

In the months leading up to listing your home, you’ll want to complete as many high-ROI upgrades and projects as you can. For example, a kitchen remodel can significantly raise the value of a home and make it much more competitive with other properties on the market in its same price range. However, major kitchen and bathroom improvements also take both time and money to complete. In other words, they’re not a great fit for every home: especially if you’re planning on listing in the very near future.

This is why both interior and exterior home painting makes sense. Repainting the inside and outside of your home boosts its value and curb appeal—more on this in a minute—without requiring a major investment of time or money. In fact, repainting your interior walls is one of the most DIY-friendly projects out there. You just need to buy some paint, rollers, and a dropcloth, and you’re ready to go. This is one of the primary reasons that interior painting has a high ROI. The initial cost is so low and the value added is considerable, which results in most homeowners making money off of the project.

Exterior painting has a lower average ROI because many homeowners hire a professional to paint their home, which increases the upfront cost. However, given how important quality exterior paint is to your home ’s curb appeal, it’s still a good project to complete before putting your property on the market.

Improve your home’s curb appeal

These days, “curb appeal” is a much broader concept than just the first impression your home makes on prospective buyers as they pull up the drive. A vast majority of people are going to first see your home in an online listing. Your property may only have seconds to make the right first impression—if it doesn’t, they’re scrolling right past it. So, what influences a positive impression? One important factor is your home’s exterior, as it’s typically the first image in the listing. Well-cared-for landscaping, freshly cut grass, and, yes, a newly painted exterior can send the right message to the buyers you’re looking to attract.

Of course, getting prospective buyers to take a closer look is only the first step. Eventually, they’ll see the inside, too. Here, repainting can pay dividends: most home experts agree that new interior paint influences whether buyers perceive your home to be “new” or “valuable.” Just be sure to pick neutral colors and accent walls that fit the room: even if you like the shade, you may find it challenging to find a buyer who wants neon green walls in their bedroom.

Be sure to show off your property’s best side

Once you’ve completed painting the inside and outside of your home, consider taking the extra step of hiring a real estate photographer to get the best angles of your now-beautified property. Given how important (hint: very) photos are in online listings, the right photos in the right lighting can be a major difference-maker. Get started by talking with your realtor, aka the Meyer Lucas Team! We will be happy to provide recommendations for recommendations for people you can talk to, or even have experience taking shots of homes themselves.

There’s a lot to consider when moving forward with painting your home, from whether or not you should hire a professional to what colors you should use in different rooms. For some outstanding advice, stats, and tips, check out this new infographic from the team at Crash of Rhinos Painting in Phoenix, Arizona.

About the Meyer Lucas Team at Compass

The Meyer Lucas Team at Compass is an award-winning, top-producing real estate team based in the Jupiter area of South Florida and led by Holly Meyer Lucas. Consistently ranked among the leading real estate teams in the state and nation, Holly and her team take pride in providing premium luxury real estate services to our local communities across the Palm Beaches and Treasure Coast. While Holly is known locally and recognized nationally for her work finding homes for Jupiter's professional athletes and their families, the Meyer Lucas Team treats every buyer and seller like a VIP. Whether you are buying a home, selling a home, or investing in real estate, contact our team today to get the ball rolling on your next move. Learn more about the Meyer Lucas Team at ]meyerlucas.com.