How Color Affects Your Home’s Value
Did you know that the color you choose to paint your front door or even your kitchen cabinets can have a big impact on your home’s value and sale price? Color can drastically change the appearance of a room and choosing the right color is a decision you will need to make for every space in your home. Let’s take a look at just a few areas where color can greatly impact your home’s value.
Your Front Door
If you want to increase your home’s value with very little work, paint your front door. But, don’t paint your front door any color. The right color can increase your home’s value by thousands of dollars. In fact, a paint color analysis from Zillow found that homes with front doors that are a shade of black can increase a home’s value by more than $6,000.
Be wary of painting your bedroom walls bright and drastic colors. Not only do potential buyers in the Jacksonville area look for homes that are move-in ready and require as few home-improvement projects as possible, but they want paint colors that go with many home designs and styles. For example, homes with light blue walls can see their home’s value increase by nearly $2,800. And if you really love the blue color, consider painting it in a bathroom which can increase your sale price by more than $5,440.
And keep in mind that while many homeowners desire neutral and light colored bedroom walls, most potential homebuyers still want color. Zillow found that homes with white walls actually dropped in price by $4,000.
If you want to increase your home’s sale price, two-toned kitchen cabinets should be considered. By choosing two-toned cabinets, particularly if the lower cabinets are a bold color such as black or navy, you can see a price increase of approximately $1,547.
Colors to Avoid
No matter what part of your home you choose to paint — whether in the exterior or the interior — there are several colors that should be avoided as these paint colors can actually greatly decrease the value of your home. These colors include:
White —This includes any shade of white such as off-white or an eggshell white
Orange –Whether you are choosing an orange with a brown undertone or just bright orange, stay away.
Brown –Brown is one of the most unpopular colors, no matter where it is. Keep it out of your home, particularly if you want to sell your home in the future
Yellow —Yellow use to be a popular color for kitchens and bathrooms and while it still is a common choice, it needs to be used wisely. Too much of it can hurt your home’s sale and the wrong shade can create an overwhelming space.
For more home staging and home improvement advice, visit real estate agent Krista Fracke’s blog and follow her on Facebook.
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