With residential real estate sales at a steady rate of growth across the country, many homeowners are putting their homes on the market. For some people, the process of selling their property means that they will need to make some minor repairs and upgrades to make it more attractive and improve salability. If you are ready to sell your home and want to compete effectively with similar homes on the market and receive the highest sales price possible-- an exterior paint job can help you achieve your objectives. Fading, peeling or outdated paint may turn off prospective buyers for your home.
A fresh coat of paint improves the curb appeal of your home and enhances the potential value of what may arguably be your biggest investment.
The Benefits of an Exterior Paint Job
Although an interior paint job might be just as important, most designers and real estate professionals would agree that new exterior paint is a relatively affordable way to increase the value of your home, significantly. According to Consumer Reports, an exterior paint job can potentially increase the value of your home from 2-5%.
In addition to enabling you to command a higher sales price, painting the exterior of your home provides the following advantages:
- It is more economical to paint versus the installation of new vinyl siding.
- Buyers do not want to worry about expensive repairs--a home painted 20 years ago speaks of deferred maintenance and the need to paint the home soon.
- Employ color to make house appear larger (light shades) or smaller (darker shades) on the lot.
Since most homebuyers will place a high value on the exterior paint appearance, you can expect to receive inquiries about the date the home was last painted and well as the quality of the paint. Use the advantages listed above as selling points for homebuyers.
Tips for Painting the Exterior
Selecting the right exterior paint will give your home a clean look, the widest range of buyers and help improve its value. However, painting the outside of the home comes with a number of challenges.
Here are a few tips to assure a successful project:
- Freshen up the exterior by using striking colors for the railings, window frames, trim, and other accents.
- Select neutral, whites, or creams to appeal to the tastes of the greatest number of buyers.
- Paint vinyl siding the same color or lighter to prevent the material from warping because of heat.
Even if you decide against a complete exterior paint project, consider painting the front door an eye-catching color to make a great first impression.
Measure the Risks
While it may be important to have your home looking its best in order to compete with other properties for sale in your neighborhood, in some cases, you may want to give more careful consideration to the potential pitfall of having the exterior painted paint. For example, if you need a quick sale because your job is relocating or for some other reason, it may not be worth the added expense to delay putting the home on the market. In addition, if the home requires other costly repairs, you may prefer to sell the home “as is”.
As one of the largest residential and commercial painting franchises in the U.S., ProTect Painters® has the mission of delivering our customers quality service and a superior customer experience. Contact ProTect Painters today for a free, no obligation quote. You can book an estimate directly on our site or call 888-318-8650 to find out more.