Can You Increase the Value of Your Home by Painting?

In short, yes. Painting your home is one of the few home improvement projects that almost always provide a return on investment (ROI). It is one of the best-kept secrets to making a great first impression and selling your home as quickly as possible.

Depending on the previous appearance of your paint job and the quality of the new paint job, you can typically expect a 110% to 140% ROI. That means if you spend $7,500 on a high quality paint job from a professional company, it could increase the value of your home by $10,000 – an ROI of over 130%.

If you are thinking of investing in a professional paint job to enhance the resale value of your home, consider first that prospective homebuyers make their decision within the first few minutes of being there. Does it have potential? Rather than worrying about every nook and cranny, focus on creating a lasting impression.

Here are five simple strategies to ensure you get the best value possible:

Consider your curb appeal

One of the easiest ways to guarantee a great first impression is to paint your front door and possibly the whole front entryway. Don’t get carried away picking out colourful schemes – you want it to enhance the look of the exterior of your home – not just be eye-catching. Consider the colour of siding, trim, and brick you already have and pick a colour in the same family. Look to see what your neighbours are doing and if there is a common theme.

Touch ups

Whether it’s the trim, walls, ceilings or fixtures make sure everything is in good condition. Take a walk through your house or around the exterior to look for chips, cracks or fading. A quick touch up in these areas can make a huge difference.

Stick with neutral

Colours are such a personal choice, one that a potential buyer may not agree with you on. Make it easy for them to envision themselves living there by sticking to a neutral pallet. It may seem boring to you, but you don’t want to scare people away with your bright pink bathroom.

Finish those overdue projects

We know what it’s like, you get busy with life and didn’t have a chance to finish attaching the baseboards or your freshly painted cupboards don’t have knobs yet. You may have been living with these issues on your home fix-it list, but it is this unfinished business that a new owner will notice first. Do yourself, and them, a favour by completing any overdue home projects.

Go green

Always choose paint products with low or non-VOC’s as they contribute to respiratory illness, headaches and are simply bad for the planet. If you choose to use environmentally friendly products, you can stress to the new homeowner the value of your choice.

Still have questions about professional painting and how it could increase your home’s value? We’d love to hear from you! You can reach us by emailing info@evolvepainting.ca or by calling us 780.993.9969.