As the housing market continues to grow, you may be thinking about putting your home up for sale. Before you do, though, it’s important to take steps to drive up the value of your property. According to a survey from Consumer Reports, one of the best ways to achieve this is by investing in an exterior painting project. Below are several reasons why sprucing up your home with a fresh coat of exterior paint will increase your chances of a successful sale.

The Connection Between Exterior Paint & Residential Sales

What Are the Signs Your Home Needs New Paint?

Before putting your home up for sale, consider the existing exterior paint job. Is it peeling or faded? Is the color outdated, or does it clash with the rest of the neighborhood? All of these examples can impact whether someone wants to buy the house, as well as how much they’re willing to pay for it. In fact, research shows a new paint job can increase your total return by up to 5%.

Why Do Buyers Value Exterior Paint?

Most homebuyers look for beautiful, well-kept properties—not ones that need extensive repairs and maintenance. If you’ve put off exterior painting, a potential buyer may try to haggle for a lower selling price, since this is a cost they will then have to take on out of their own pocket. This may also raise concerns that there will be additional issues requiring repairs or replacements early on in their ownership.

How Can You Make the Most of an Exterior Painting Project?

When deciding on the color for your home’s exterior, keep in mind that lighter shades are always best. According to Zillow, homes painted with a mix of gray and beige sold for $1,526 more than white properties. Dark colors, on the other hand, instantly make the property seem smaller, which will drive down the potential value. 

If you’re ready to schedule an exterior painting project and improve the look of your home, turn to the professionals at T.K. Painting & Decorating in Lakeville, MN. With over nine years of experience, this small business specializes in interior and exterior projects for both residential and commercial clients. Give them a call today at (952) 210-5963 to request a free estimate, and visit their website for additional information on their services.