A COAT OF PAINT FOR $6,500? YES PLEASE!
People will study just about ANYTHING… including how the color of your front door affects the sale price of your home. Online real estate giant, Zillow, has been looking at the latest paint color analysis results and looked at more than 135,000 photos from listings of homes that sold between 2010 and 2018, comparing the sales price of properties with colorful designs to those with white walls, and the results are surprising.
BACK TO BASICS
Houses with front doors in shades of black — from charcoal to jet — fetched $6,271 more than expected when sold. And kitchens that feature white upper cabinets and dark lowers brought in a premium of $1,500 above their competitors.
ACCORDING TO ZILLOW
“We’re seeing a notable shift in home design where pops of color — particularly in darker hues of blue and gray to even black — are becoming increasingly popular,” Zillow home-design expert Kerrie Kelly said in the report. “Contrasting colors, especially in kitchens and home exteriors, add interest and dimension to a room that plays very well in listing photos and videos.
Cool, neutral wall colors are still popular though. Homes with blue bathrooms, specifically light shades like periwinkle, led to a windfall of nearly $2,800 over the expected sales price. Still, that’s lower than the $5,400 premium home sellers got for blue bathrooms last year, indicating a potential shift in taste in the years to come if blue is starting to go out of style.”
ON THE NEGATIVE SIDE
Obviously, if color can increase a home’s sale price, it goes to say that it can also lower a home’s price fetched on market. For example, the once popular paint color of brick red in the dining room can lower the value of your home by more than two grand!
Get to the paint store and break out your rollers, because the coat of paint could bring an increase net value of over $15K!