Boost Your Home's Selling Price with the Right Paint Colours

Friday May 24th, 2024

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Boost Your Home's Selling Price with the Right Paint Colours

When preparing your home for the market, one of the simplest yet most impactful changes you can make is updating your paint colors.

The right hues can create a welcoming atmosphere, highlight a home’s best features, and even increase its perceived value. In Ontario’s competitive real estate market, strategic color choices can give your property an edge. Here’s a guide to which colors work best for each room to help you maximize your home’s selling price.

Living Room: Warm and Neutral

The living room is often the first space buyers see, and it sets the tone for the rest of the home. Neutral colors like beige, light taupe, and soft greys are safe bets. These shades appeal to a wide audience, allowing potential buyers to envision their own furniture and decor in the space. A 2018 study by Zillow found that living rooms painted in light beige or taupe sold for $1,809 more than expected. 

Kitchen: Inviting and Fresh

The kitchen is the heart of the home, and its appearance can significantly influence a buyer’s decision. White remains a timeless and popular choice for kitchens. It evokes cleanliness and provides a blank canvas for buyers. For a touch of warmth, consider a soft grey or a muted blue. Zillow's research indicates that homes with light blue or soft grey-blue kitchens can sell for over $1,800 more than similar homes.

Bedrooms: Serene and Calm

Bedrooms should be sanctuaries of rest and relaxation. Soft blues and greens are ideal choices as they are associated with tranquility and peace. Zillow’s analysis showed that homes with light blue bedrooms sold for nearly $1,800 more than homes with white walls. Alternatively, soft, neutral colors like light beige or taupe can also create a serene environment that appeals to buyers.

Bathrooms: Crisp and Clean

Bathrooms benefit from colors that convey cleanliness and freshness. Light blues and periwinkle shades are excellent choices, making spaces feel more spacious and serene. According to Zillow, homes with light blue or periwinkle bathrooms sold for approximately $2,786 more than expected. Crisp whites can also work well, especially when paired with fresh, bright accessories like towels and bath mats.

Dining Room: Elegant and Stylish

For dining rooms, consider sophisticated shades that exude elegance. Warm neutrals, such as light taupe or even deep shades like navy, can create a sense of formality and coziness. Homes with dining rooms painted in slate blue to pale grey blue shades were found to sell for $1,926 more than homes painted in other colors. These tones can make the dining area feel inviting for both casual meals and special occasions

Home Office: Productive and Focused

With more people working from home, the home office has become an essential space. Colors that promote concentration and productivity are key here. Light blues and soft greens are excellent for fostering a focused and calm work environment. A study by Sherwin-Williams suggests that blue hues can enhance productivity, making them perfect for a home office setting.

Exterior: Welcoming and Attractive

The exterior color of your home is the first thing potential buyers see. A fresh coat of paint can significantly boost curb appeal. Light greys, classic whites, and soft blues are popular choices that appeal to a broad range of buyers. According to a report by Zillow, homes with charcoal or smoky grey doors sold for $6,271 more than expected, indicating the importance of a well-chosen exterior color scheme.

Final Tips

Consistency
While it’s beneficial to use different colors in different rooms, ensure that the colors complement each other. This creates a cohesive look throughout the home.

Quality Paint
Invest in high-quality paint. It offers better coverage and durability, which can make a significant difference in the home’s overall appearance.

Light Consideration
Always consider the natural light in each room. Test paint samples in small areas to see how they look at different times of the day before making a final decision.

By choosing the right paint colors, you can enhance your home’s appeal and potentially increase its selling price. If you’re looking for more personalized advice or ready to list your home, contact me today, and let’s make your property shine on the market!