You are ready to move into your dream home, and it is time to put your current home up for sale. Your realtor has told you that it could take months to sell your home due to the competitive market.
However, after contacting professionals to update the faded, peeling paint to a warm and welcoming neutral color with complementary accents, you received three offers above the asking price in just a week.
Homeowners often don’t realize how a worn exterior can impact the first impression buyers have of their home and ultimately the value of it. If the exterior isn’t well kept, it can turn buyers away rather than draw them in.
We will explore how a fresh coat of paint may increase the curb appeal and resale value of your home.
Table of Contents
- Does Painting a House Exterior Increase Value?
- How Much Does Exterior Painting Increase Home Value?
- 5 Reasons To Consider Painting a House Exterior
- Tips for Painting Your Home’s Exterior To Increase Value
- Common Questions About Exterior Paint and Home Value
- Want To Increase the Value of Your Home? Leave the Painting to the Professionals at Two Brothers Painting
Does Painting a House Exterior Increase Value?
You may be wondering if painting the exterior of your home, either to freshen it up or to change the color, may increase its value. The answer is yes, it can.
If the paint is well executed, the color is carefully chosen, and the rest of the exterior is well maintained, a fresh coat of paint can increase the curb appeal of your home. In turn, the value of your home may increase.
Compared to other home improvement projects, painting the exterior of your home can have a relatively high return on investment (ROI) if you are planning to sell.
Even if your home isn’t going on the market, there are benefits to painting the exterior, including a potential increase in value.
How Much Does Exterior Painting Increase Home Value?
Painting the exterior of your home is one of the most cost-effective ways to improve your home’s value.
The ROI of painting the exterior averages 55%. For example, if it costs you $2,000 to have your home professionally painted, you could add approximately $5,100 to its value.
The exact increase in value will be dependent on a few factors, including:
- Color selection and color schemes: When selecting a color, you should be mindful of the colors buyers generally look for, the preferences of the region you live in, and choosing colors for trim, shutters, and doors that create a well-matched look.
- Quality of paint: High-quality paint that will endure the elements and last longer, requiring less maintenance for potential buyers will be a beneficial investment.
- Surface preparation: For paint to be applied properly, holes, cracks, and peeling must be taken care of for the paint job to work in your favor.
- Professional painting: Having someone with experience paint your home will give you the best results. If you don’t know how to properly prepare the surface of the home or apply the paint, the finished product may not get you the ROI you are hoping for.
If you are considering painting the exterior of your home and are searching for painting contractors in Portland, Two Brothers Painting has the expertise to make your home look its best.
5 Reasons To Consider Painting a House Exterior
#1: Boost Curb Appeal
Are you planning to put your home on the market? When buyers view the exterior of your home, its condition can make or break their interest in your home before they have even stepped inside.
Good curb appeal creates a positive first impression and may increase the value of your home by as much as 7%.
A well-painted exterior creates a cohesive and appealing exterior. To attract buyers, the exterior of your home needs to be well-maintained, including the paint.
#2: Tackle Wear and Tear
Prepping your home for a fresh coat of paint allows you to make repairs due to aging or wear and tear.
Issues like cracks, peeling paint, or rotting wood can be mended before painting. Minor issues can be addressed before they become major issues.
After wear and tear are addressed, the new paint will make the home look newer and better maintained, increasing its appeal to you as the homeowner and to potential buyers if you are selling.
#3: Provide a Protective Barrier
A properly painted exterior can act as a shield for your home. Exterior paint provides a protective barrier from precipitation and other moisture by preventing the water from penetrating the wood or other materials which prevents rot and decay.
The protection the paint provides maintains the structural integrity of your home by preventing cracks, peeling, rotting, mold, and mildew because it is moisture resistant.
Additionally, exterior paint protects your home from sun damage. High-quality exterior paints are designed to reflect or absorb UV radiation to protect your home from degradation and fading caused by heat and UV rays.
The specific challenges you face with your home will depend on the climate you live in. Regardless, a well-maintained coat of exterior paint is necessary for keeping your home in its best shape.
#4: Increase Resale Value
Not only can paint increase curb appeal, which increases the perceived value of a home, but a well-maintained exterior that is visually appealing can increase the appraisal value of a home as well.
Painting the exterior of your home can increase its resale value by 2-5%.
A new coat of paint can make potential buyers feel that the home is well-maintained and suggests that the homeowners have taken good care of their property. Many buyers may not want to tackle a fixer-upper, and fresh exterior paint reassures potential buyers that the home is in good condition.
#5: Appeal to a Wider Audience
Although cerulean blue or burnt orange might be your favorite color, it may not be the best choice of color for painting your home.
When selecting an exterior paint color, it is beneficial to select colors that will appeal to a wide range of people to increase the pool of potential buyers.
Neutral colors attract more buyers. Neutral colors with subtle contrasting colors make it easier for buyers to envision themselves in the home because they match just about anything.
It is also important to consider the area you live in as well as the style of your home when selecting paint colors. Bold colors such as yellow, red, or blue are personalized choices that will only appeal to a niche of people who favor that color themselves and can harm your potential to resell.
Tips for Painting Your Home’s Exterior To Increase Value
When painting the exterior of your home, consider these tips:
- Choose warm neutrals: Neutral colors create a timeless appeal, unlike bold colors that can be trendy and go out of style. Grays, whites, and beiges are versatile and adaptable to a wide range of styles and decor. They also promote a sense of tranquility, which makes a home feel more welcome and comfortable.
- Pay attention to details: Choose a color that won’t make your home clash or seem eccentric compared to the others in your neighborhood so it can be in a better position for resale. Additionally, pay attention to the doors, shutters, trim, and garage door as they may need fresh paint, too.
- Consult a professional: Consider consulting a realtor or a color consultant to help you choose colors that appeal to buyers.
- Consider regional trends: Paint choices should reflect the region you live in if you are trying to resell. Homes with paint colors that give a coastal vibe may not be the best choice for a mountain home.
Common Questions About Exterior Paint and Home Value
What Types of Exterior Painting Increase a Home’s Value?
The walls of the home aren’t the only part of the exterior that may need sprucing up. Consider these areas of your home as well:
- Front door
- Siding
- Windows
- Trim
- Garage doors
- Foundation
- Fences
- Decks
- Fences
Updating these areas with fresh coats of paint or stain can contribute to the curb appeal and resale value of your home. A home with freshly painted walls, but peeling, faded trim around the windows or roof can offset the appeal you are after.
Is It Worth It To Paint the Exterior of a House Before Selling?
Painting a home you are going to turn around and sell may seem cumbersome or like a waste of time, however, it may help your home sell faster and attract more buyers.
With more buyers, you may get higher offers which may increase the sale price of your home.
Updating paint colors can bring in more revenue. Painting the front door a dark hue such as black, can increase the value of your home by 2.9%.
The more appealing you make your home’s exterior, the greater the chances you have of reselling quickly for the price you want in the competitive housing market.
Need help getting the exterior of your home painted? Leave it to the professionals! Two Brothers Painting specializes in interior and exterior painting and brings 150+ combined years of experience to the job.
Does Exterior Paint Affect an Appraisal?
A well-maintained exterior including fresh paint positively affects the appraisal of your home.
During an appraisal, appraisers look for the following on the outside of your home:
- Structural or safety issues
- Landscaping
- Condition of the roof
- Condition of the siding, brick, etc.
These factors determine the condition of the home. If the paint is chipped, peeling, or faded, it may bring down the value of your home, so it may be a smart course of action to paint the exterior before putting your home on the market.
What Exterior Paint Color Increases Home Value?
If you wish to increase the value of your home, neutral exterior paint is the best.
- White: This is a classic choice that can go with any trim or accent color. It makes a home feel fresh and clean and is always in style.
- Gray: Gray is a very versatile color that can be paired with white trim, with stone accents, or many accent colors.
- Beige: Beige is a warm and inviting choice that complements landscaping and coordinates well with many styles of architecture. It can be viewed as cozy and traditional.
- Sage Green: Pairs well with white and coordinates well with homes that have ample trees and foliage.
- Blue: Blues are calm and inviting and promote feelings of relaxation.
Each of these paint colors appeals to a wide range of buyers and may increase the curb appeal of your home.
Should I Paint My Home’s Exterior Myself?
If you are an experienced home painter, then painting your home yourself may make sense and would save you money on labor.
However, most of us aren’t professional painters. Professionals offer high-quality results promptly, making your investment work for you.
Professional painters have the expertise to do the job well. They:
- Know how to properly clean and prepare the surfaces of your home
- Can repair issues like holes or cracks
- Understand the techniques needed for a flawless finish
- Know which materials to use
- Have the right equipment to maintain safety while painting
Want To Increase the Value of Your Home? Leave the Painting to the Professionals at Two Brothers Painting
If you live in the Portland area and are looking for quality professional painters to paint the exterior of your home, look no further.
Two Brothers Painting offers a wealth of experience to get the job done to the highest possible quality. Your project becomes our priority until it is completed and you are satisfied. We are clean and organized with superior customer service, treating your home with as much care as we would our own.
If you are looking to increase the resale value of your home or improve the curb appeal with a brand-new coat of paint, contact us today!