Choosing the right paint colors for higher home value

A fresh coat of paint can increase the market value of your home. Furthermore, it can help you attract plenty of potential home buyers. But not all colors are equal. Some hues and shades do a better job at both than others. And according to an analysis of more than 32,000 photos from sold homes, the following colors can boost your home’s value significantly.

1. Blue

Orange may be regarded as an appetizing color, but blue kitchens seem to attract buyers.

Based on the National Association of Realtors’ 2021 Staging Report, the kitchen is one of the three most important areas for buyers. The right paint color makes it more valuable. Homes with soft gray-blue kitchens add approximately $1,809 to a home’s price.

2. Periwinkle

Bathrooms are personal spaces. And so, home buyers crave for a clean, spa-like ambiance. For this reason, light pale blue to periwinkle is a favored paint color. The subdued shade transforms bathrooms into relaxing oases. It can also translate to a higher resale price.

Periwinkle or light pale blue bathrooms can increase a home’s value by $5,400.

3. Light cerulean and cadet blue

Light cerulean and cadet blue are considered the best paint colors for bedrooms. The muted shades are calming and promote a tranquil atmosphere, so much so that these colors in the bedrooms can boost a home’s price by $2,000.

4. Light beige and taupe

Neutral colors like light beige, taupe, and oatmeal are always a big hit. These colors appeal to most home buyers. Moreover, these shades are versatile, timeless, and provide a perfect backdrop for creative accents. Homes with these paint colors sold for $1,926 more than expected.

5. Slate blue

This grounded and sophisticated shade of blue is the perfect color for dining rooms. Apart from an air of elegance, this color in the dining rooms can add an average of $1,926 to a home’s market value.

6. Greige

Painting the exterior of your house is one of the best ways to improve its curb appeal. And for this, consider greige. A mix of light gray and beige, homes painted in greige sold for $3,496 more than similar homes painted in other colors.

7. Navy blue

The color of your home’s front door can also have a significant effect on its market value. According to experts, a navy blue door gives the best first impression. A classic and timeless way to make a statement, navy blue doors can add around $1,500 to your home’s overall value.

As you consider updating your home to increase its market value, it is best to talk to a local real estate expert.

Coldwell Banker Winthrop has been assisting home sellers in Methow Valley real estate for more than 20 years. When it comes to selling single family homes in Winthrop, you can depend on our team to take care of the entire home selling process for you from start to finish. Call 509.996.2121 or send an email to info(at)cbwinthrop(dotted)com to work with trusted Winthrop realtors.