Want to boost the value of your property and have it looking its best? While “conventional” property remodeling projects like kitchen and master bathroom remodeling can certainly give your property’s value and curb appeal a lift prior to listing, one of the most overlooked high-value projects is property painting. In fact, painting the interior and exterior of your property before putting it on the market can make a significant difference in how fast your property sells and at what price it sells. Let’s take a closer look.
A word of caution: don’t try to cut corners on your exterior painting! This is a project that can end up looking shoddy and not-quite-right if you hire the wrong contractor, use cheaper paint, or leave out important stucco repair and preparation steps. Work with an exterior house painter in Phoenix, and always ask about their warranty. That’ll clue you in to how good a job they plan on doing.
Make Money by Repainting Your Interior
It doesn’t get much easier—or cheaper—than repainting the interior walls of your property. This is a project that most property owners can complete in a weekend and only costs, at most, several hundred dollars for paint, rollers, and other supplies. Yet, the results can be eye-opening: not only does fresh paint drastically improve your property’s curb appeal and attractiveness, but can even change the perception of what buyers think your property is worth.
The combination of low upfront cost and high effectiveness is one of the reasons that interior painting has an average return on investment (ROI) of 107%. This means that most property owners end up making more on their painting projects than they put in. It’s a great deal.
Paint colors are more than initially meets the eye. In fact, your interior paint choices have the ability to inspire, invigorate, calm, or encourage. Neutral tones and colors—such as white, light grey, or off-white—are versatile, but add a splash of color to a single wall to set the mood for that room. For example, cooler colors such as dark blues and purples work well in the master bedroom, since they are relaxing. Brighter colors, including a bit of orange or yellow, are great in the kitchen, where they can add energy and excitement.
Just make sure whatever you choose has mass appeal: it’s that much harder to sell your property if it’s a “unicorn” that only you can truly appreciate. When in doubt, work with a design professional who can point you in the right direction and give you personalized advice for your specific property.
Spruce Up Your Property’s Exterior
Exterior painting generally has a lower ROI (around 55% on average) than interior painting. This has little to do with the value boost—in fact, exterior painting can add even more value than fresh interior paint—and more to do with the need to hire a professional for exterior painting. Here in the Valley, our stucco properties require specialized care, prep work, and paint that makes them less conducive to do-it-yourself painting jobs as other property exteriors found in other parts of the country.
However, even though exterior painting requires more upfront investment now doesn’t mean it’s not worth it. If your property’s paint looks sun-baked and faded, it could negatively impact what prospective buyers think of your property. Of course, the flip-side is also true: a professional paint job for the exterior of your property can be just what the proverbial doctor ordered for your property. It can make even an older property feel like new and put your property in a great position to make that right first impression.
Ready, Set, Paint!
If you’re ready to transform your property using the power of interior and exterior paint, take a minute to look at the infographic below. It has a guide to what colors to choose for your property’s interior walls, as well as a pros-and-cons breakdown comparing DIY painting and hiring a professional.
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