Buying and selling a home is considered among the most stressful times in a person’s life. It can be difficult to decide whether to paint your house before putting it on the market. It adds to your already stressful to-do list, and it’s also an added expense.
Pros of Painting Before Selling;
Appeals to Potential Buyers
First impressions matter when selling your home. Even the best staging or new appliances won’t compensate for damaged or outdated interior paint. A fresh coat of paint will look clean and inviting to potential buyers. If you have bold paint colors in your home, a coat of neutral paint color throughout will make your home more appealing. Neutral tones make it easier for buyers to picture themselves in your home and want to make it their own.
Adds Value to Your Home
On top of adding visual appeal to your home, it will likely add value. Houses painted in specific colors made an extra $5,000 more than expected. Most buyers want move-in ready homes and are willing to pay more for homes in excellent condition. Chipped or faded paint will lower the value of your home.
Improves Your Virtual Marketing
In today’s world, home buyers begin their shopping online. One way to make your home stand out is with better real estate photos. Without an updated paint job, your home could look old or dingy in photos. Painting your walls and ceilings will make your home look cleaner and brighter online and in person.
The Right Paint Colors Sell Houses Faster
It’s essential to choose colors that appeal to the most buyers. A recent survey from Zillow found that the right paint colors can significantly increase incoming offer prices on a home. Their analysis revealed that homes with rooms painted in light shades of blue, pale blue or gray, and powder blue sold above the expected price ($5,440 on average). When in doubt, choose light neutral colors. Creamy whites, beige, and light grays can make your home look clean and more inviting.
Cons of Painting Before Selling;
Expense
Home sellers often want to avoid extra expenses, which is understandable. If most of your interior needs a new coat of paint, it can certainly be an investment you may not be willing to make. If your paint is fairly new, thorough cleaning and touching up worn areas may be all that is needed.
Time Constraints
Repainting an entire home takes a significant amount of time. Scheduling and coordinating a new paint job may not be feasible when you are busy trying to get your home on the market.
Selecting the Wrong Colors
Without expert advice, you may choose colors that don’t appeal to buyers in your area. Speaking with an experienced real estate agent is an excellent way to get feedback before making any changes to your home.
DRE ID # 01769353
NMLS ID # 394275
No comments:
Post a Comment