How Much Can Paint Color Increase Your Home’s Sale Price?

The impact of paint color on a home’s sale price has been the topic of numerous studies and analyses, primarily conducted by real estate companies and platforms who have access to vast amounts of sale data. One of the most cited sources on this topic is Zillow, an online real estate marketplace. Zillow released an analysis in their “Zillow Paint Color Analysis” that looked at how certain paint colors in specific home areas impacted the sale price compared to homes with white walls.

 

Painting walls in fresh light, neutral colors help buyers picture themselves living in the space because they are neutral enough to go with most buyers furnishings and they make the space look larger. Zillow found some colors in specific rooms, particularly light blues, increased the sales price in homes, and a lack of color or certain colors decreased the sales price. Why? Color affects emotion and buyers buy because of emotion!

 

Neutral colors are generally gray or beige. Picking the right paint is really about making sure the neutral colors and whites work with your fixed finishes. “Greiges” are a mixture of gray and beige that are versatile and will work with a wide variety of floorings, countertops and other finishes. Greiges are great for living and family rooms and exterior colors.

 

This color data makes sense when you think about the fact that universally, blue is a favorite color worldwide, and that the easiest way for most people to match their existing belongings to a color without having to replaint is if it is a neutral color.

 

 

Here are some highlights from Zillow’s findings over the years:

1. Front Doors:

1. • Homes with black or charcoal gray front doors sold for as much as $6,271 more than expected.

1. Living Rooms:

1. • Homes with living rooms painted in light taupe saw an increase of approximately $2,793.

1. Kitchens:

1. • Kitchens painted in light blue to soft gray-blue boosted the sale price by about $1,809.
   • However, homes with straw yellow or marigold kitchens reportedly sold for $820 less than expected.

1. Bedrooms:

1. • Homes with light cerulean to cadet blue bedrooms saw an increase in sale price by about $1,856.

1. Bathrooms:

1. • Bathrooms painted in powder blue to periwinkle had homes selling for $5,440 more than expected.
   • On the other hand, homes with white bathrooms sold for an average of $4,035 less than similar homes.

1. Dining Rooms:

1. • Slate blue to pale gray blue dining rooms boosted the sale price by roughly $1,926.

1. Exteriors:

1. • Homes painted in greige (gray + beige) on the exterior sold for $3,496 more than similar homes painted in a medium brown or with tan stucco.
   •  

These figures are averages and may vary depending on the local market, the overall condition of the house, and other factors. The numbers are also based on Zillow’s data and may not reflect the broader market as a whole.

Which Colors Are Best?

Several studies and real estate analyses have shown that certain paint colors can positively affect a home’s sale price. Here are some colors that have been recognized for their potential to boost home value, along with specific brands and color names where applicable.

 

Colors that become top sellers are often influenced by the annual “color of the year” selections made by major paint companies, as well as broader design and decor trends. I have added some additional choices similar to those recognized to boost home value based on top selling paint colors, color trends and personal experience. 

Front Doors

Navy Blue or Dark Gray: Houses with doors painted shades of navy blue to dark gray reportedly sold for a higher price. Here are top selling navy blue and dark gray colors that are popular and  could be good choices. Example: “Hale Navy” from Benjamin Moore.

The color trends for door colors in 2023 featured a lot of black and natural wood tones. Trends for 2024, you will see pops of color as well as traditional black and wood.  Personally, I think the front door is a great place to add a pop of color and make your home more memorable to buyers.  It is something they can easily change if they like.

Living Rooms:

Light Beige, Pale Taupe, or Oatmeal: Neutral colors in the living room can be appealing. Example: “Accessible Beige” or “Repose Gray” from Sherwin-Williams.

I have used Accessible Beige many times for home staging and found it to be a great color that works with a variety of fixed finishes and flooring.

Kitchens

Light Blue to Soft Gray-Blue: These colors in kitchens reportedly increase home value. Example: “Smoke” or “Pale Oak” from Benjamin Moore.

.

Bedrooms

Light Cerulean to Cadet Blue: These are reported to increase selling prices when used in bedrooms. Example: “Breath of Fresh Air” from Benjamin Moore.

Bathrooms

Powder Blue to Periwinkle: Homes with bathrooms this color reportedly fetched a higher selling price. Example: “Bit of Sugar” from Behr or “Atmospheric” from Sherwin-Williams.

Dining Rooms

Slate Blue to Pale Gray Blue: They can reportedly increase the sale price. Example: “Palladian Blue” from Benjamin Moore.

Exterior Colors

Greige (Mix of Gray and Beige): Homes painted this color often sell for more. Example: “Perfect Greige” from Sherwin-Williams.

Home Office

Light Gray: This can boost the selling price. Example: “Gray Screen” from Sherwin-Williams.

Putting it All Together

You might be wondering if you can simply choose your favorite colors from the recommended list and expect a higher selling price. The answer is not quite that straightforward. These recommendations serve as guidelines, but your entire color palette must work cohesively, starting from the exterior of your home and flowing seamlessly to the interior. Both exterior and interior colors should align with and complement fixed finishes that you don’t plan to change much, such as your roofing material, stonework, interior countertops, fireplaces, and flooring. It’s like solving a puzzle where each piece must fit together to create the whole picture.

When executed correctly, your color choices can be extraordinary, enhancing the overall appeal of your home. However, if the colors clash or feel disjointed, even if you can’t pinpoint the issue, potential buyers may sense that something isn’t quite right. The most effective strategy is to enlist the expertise of a certified color strategist who can curate a harmonious color palette based on your fixed finishes. By following these guidelines and working with a professional, you can increase your chances of selling your home faster and at a higher price.

 

Now that you understand more about color, why not let me help you get your colors right with a science based color consultation? Let’s get you the most possible on your home sale.

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Do You Think Just Having a Pretty Face Won’t Cut It?

Many say that beauty is only skin deep, but in the rental business, a stunning first impression is invaluable. An attractive property lures customers in, setting the stage for a deeper connection. While maintaining them requires more than just aesthetics, it’s that initial allure that opens the door to potential success

What is a Pretty Face?

What do I mean by a ‘pretty face’? It’s your presentation – the outward appearance of your product, the energy it radiates, and the emotional connection it establishes with your customers. It’s the factor that determines whether they’ll get to know, like, and trust you and embrace what you’re offering. Simply put, it can’t just be good; it needs to be nothing short of amazing.”

It needs to provide a sense of expansion….giving the person something better than they have now so their life will feel better in your space.

You can do that with home staging, decorating, Interior Design. It really all is the same thing, it is just the focus of who you are trying to please and how you do it that is different.

Unlocking Wealth: The Potential of Real Estate Investments

Many people believe that investing in real estate can yield a significant return on their investment. Some choose to renovate their properties and sell them for a substantial profit. In these situations, home staging serves as the ‘pretty face’ that creates a sense of improved living, connecting with buyers and ensuring a swift and lucrative sale

Some buy real estate with the intent of making money off short or long-term rentals. In this case, the key to success is not to have vacancies but to fully book your rentals as much as possible.

If you are renting apartments or houses that are unfurnished, photos of vacant spaces are not your friend. People do not emotionally connect to empty rooms. Home staging can be a great way to show the possibilities, how the rental can actually look and be used, and the wonderful life you will have if you only rent this place! Great photos of a beautifully staged rental are a wonderful marketing tool.

Maximizing Rental Profits: The Role of Home Staging in Real Estate Investments”

If you’re offering furnished rentals, it’s wise to collaborate with a professional stager or designer for decor selection and setup. A tastefully curated rental not only commands a higher price but also attracts more tenants and the right tenants for you.

For those venturing into short-term vacation rentals or running a Bed & Breakfast, a well-staged or designed space is essential. It’s the first impression online leading to bookings, and it ensures guests have a pleasant experience during their stay. Engage a professional to enhance aesthetics, produce captivating marketing images, attract your ideal guests, and guarantee their satisfaction throughout their visit.

The Key to Making Money on Rentals

The secret to rental success, be it short or long-term, lies in presenting your property at its finest through captivating marketing photos. Attracting a steady stream of customers, thereby eliminating vacancies, is paramount. Moreover, ensuring the happiness of your customers, leading to glowing reviews, is essential.

Let the charm of your property be your key to profitability.

Let that pretty face make you lots of money.

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