How Repainting Can Boost Your Home's Resale Value
Paint is your home's first line of defence against any precipitation that gets under the surface. Unfortunately, this means your walls are subject to sun, rain, wind, heat, cold, insects-pest, or any kind of environmental damage.
Now, while an excellent exterior paint job should last a while, the paint will fade or peel off over time- and the old, faded paint job might be on your way to selling your property in an attractive deal.
Why?
As much as the size, structure, or prime location are essential contributors to making your property a valuable asset to potential buyers; an aesthetically pleasing scheme of house paints can also directly make your home more desirable. A professionally finished paint job can add up to 3% – 5% to your property resale value.
A fresh coat of paint can help you sell your house quicker at a better price.
Moreover, repainting is an easier, more accessible, and budget-friendly home improvement project that can increase your home's reselling value compared to any other form of house renovation. So, whether you're considering an interior paint project, changing the colour of your kitchen, or choosing to change the exterior paint colour completely, these makeovers can add significant value to your home. In addition, an excellent exterior paint job also signals buyers that your home is in good condition and that they won't have to invest money in upkeep immediately.
How Painting Adds Value to a Home
Painting your home increases its resale value, provided the paint is of acceptable quality. Uneven paint finishes, brush marks, paint drips and paint splatters will reduce your home's visual appeal and, ultimately, its value. On the contrary, top-quality paintwork done by professional residential painters enhances the home's value to some greater extent. Freshly painted surfaces cover the scratches, stains and dents built up on walls and doors over time. If the paint colour makes your home look like it needs fixing, a fresh coat will add that appeal before your home hits the market.
Create a Better First Impression
The colour and material of the walls are what potential buyers notice first when they run onto the sidewalk. Most homebuyers have tight schedules, so they usually get an opinion of your home before walking through the front door. A clean coat of paint makes it look like you've been trying to maintain your home for years.
Neutral colours can suit a wider audience's style so that you can attract more people's attention than bright colours. On the other hand, too many colours can make a home look cluttered, so choose a few subtle colours for your home's exterior. For example, if you have a material like brick or stone, you can paint the partitions or doors of your house a contrasting colour, such as light grey or dark brown.
Objectively Increase Home Value
Don't ignore the aesthetic value that house paint can bring; you'll see something newer and more alive every time you walk down the aisle, and it's not just a choice of colour.
A fresh coat of paint can make your surfaces look newer, bringing your entire home into a different era or even light! Recent paint jobs can significantly affect the final value when an appraiser comes to appraise your home. Some major renovations offer only a partial return on investment; For example, kitchen renovations only generate an average 80% return on investment. This means that an external coat of paint can provide a much more appealing performance.
Show Your Appreciation for Your Living Space
The amount of money you invest in your living space is evident in its appearance. Potential buyers looking to move into a reliable property should not face any problems. When you give your home a fresh coat of high-quality paint, you show potential buyers that you've taken care of your property.
Potential buyers want to be able to imagine life in their new home. Since they are paying hundreds of thousands of dollars for your home, they will appreciate moving into a home that has fewer aesthetic projects to do. If you've done an excellent job taking care of your home over the years, they may feel confident and rest assured in your property to make an offer.
Increased Protection Against the Damage
Nature can make it difficult for your home. Rain, wind, sleet, snow, insects, and fire are just a few of the natural elements capable of damaging your home - and the right paint can withstand almost all of them to some extent. Think of paint as a protective exterior coating, like a shield for the exterior of your home. It can prevent moisture from seeping into your property, thus avoiding the financial and health damage caused by mould-mildews.
In other words, repainting provides an extra protection against direct rain damage. It can even prevent insects from entering your exterior. Speaking of insects, termites are a significant killer of wooden houses; being able to proactively identify and fix this problem is crucial if you want to save on basic repair costs. Evaluating the exterior of your home before applying a new coat of paint can help you quickly identify any potential insect damage, and adding the paint itself can help prevent entry.
Stage of Repainting Your House
A fresh coat of paint will make your home stand out in the market. A quality paint job will help your home stand out from competitors who may not have opted for repaint. Even the simple act of sanding and painting laminate flooring can yield excellent results in creating an attractive contemporary look without spending a lot of money on renovations.
Here are some essential things to consider when deciding what to repaint and how to get started with the repainting process:
- Start with Repairing Paint Damage:
While high-quality paint may last for decades, over time, paint can peel off the partitions or siding panels. You will need to repair those specific areas if you notice that the partition is missing paint. A fresh coat of paint gives your home a clean look. When your home's exterior looks new, potential buyers believe your home's interior has been updated and well-maintained. As a result, they will be more encouraged to enter your home than if your exterior is already worn and damaged.
Even if the inner coating is in good condition, chips and other signs of paint damage will stand out to appraisers and potential buyers appraisers who often determine your home's value. In addition, touching up damaged areas and/or painting trim will improve curb appeal if tight budgets preclude painting the entire exterior.
- Prioritise the Most Visible Spaces:
If you can't afford to paint all the interior spaces, that's okay. Simply paint the areas that potential buyers will focus on when they walk through the front door, such as the large room, entryway, hallway, and master bedroom. However, when it comes to the exterior of your home, ensure your paint project has maximum coverage, as curb appeal is key to making a great first impression on buyers; it sets the tone for buyers' expectations about the condition of your home. New paint can go a long way to improving a buyer's first impression.
- Paint with Eco-Friendly Materials:
Modern homes use eco-friendly paints that are free of harmful chemicals and fumes. If your property is a bit older, repainting it with low VOC eco-friendly paints can increase your chances of reselling your property for more benefits. In addition to their eco-friendly formulations, Dulux-accredited professional-recommended paints also offer qualities superior to chemical-based products and have been proven to retain colour, viscosity, wear resistance, and better paint coverage. The environmental benefits also reduce the impact on the air quality of your building. And by producing less toxic fumes as it dries, eco-friendly paint can help reduce your risk of health-related side effects like breathing problems.
- Experiment with Neutrals:
Which colour increases the resale value of your home the most? Neutral paint colours for interior walls add the most value. Neutral colours like white, cream, tan, and tan give buyers a blank canvas of design possibilities. You can't go wrong with neutrals. While bright colours can be polarising, neutrals attract as many potential buyers as possible. Best of all, a neutral palette evokes timeless elegance that never goes out of style.
Style your home with neutral colours, and you've laid the groundwork for potential buyers to put their stamp on the property. When they checked in, they had a blank canvas to work on their heads. They will be able to imagine decorating the room and filling it with their things. Plus, bright white or neutral wall colours can make a room look larger!
If you think neutral patterns are boring or clinical, think again! Greys, beiges, taupes, and browns are found in neutral palettes and can be used to add warm, welcoming touches that connect with potential buyers.
Contact Premier Painting Company to Paint Your Home in Sydney
Premier Painting Company has a team of highly experienced and accredited Dulux-accredited residential painting professionals you've trusted in Sydney's coastal and suburban areas for over 20 years. If you're considering selling your home, explore your paint options to increase the resale value of your property.
Our interior and exterior painting experts are ready to help you handle your paint project and give it a fresh coat of paint to make your home look new. We offer exterior painting, interior painting, and decorative moulding services to make your home look its best. Contact us today for a free painting quote and expert colour consultation.
