Is Painting a Good Investment for a Home?
For today’s homeowners, painting a home can be done quickly and at less cost than in past generations. The quality of paint available today and the wide range of colors makes it possible to quickly change the look and feel of your home.
Both interior and exterior paint jobs are fast and require only a small investment. Yet you may wonder if painting your home is a good investment or if you would be better served to invest your money in another home improvement task. The answer is yes. Painting your home is a great investment. Here is a closer look at why.
1. Improved Appeal
Whether you paint the interior or exterior, if you do the job well and use a high-quality brand of paint, you will increase the appeal and attractiveness of your home. The fresh look and brighter colors catch the eye and bring the right type of attention to your space. While this is important if you’re considering selling, it also makes your home more enjoyable when you still live in it.
2. Increased Cleanliness
Fading or stained paint makes your home look dirty, no matter how clean you keep it. If you paint the walls, you will instantly make the home feel cleaner. This home improvement task also allows you to re-evaluate your wall décor to create a more organized look, removing unnecessary clutter. The result is a space that looks clean and put together.
3. Low-Cost Investment
Painting can quickly transform your home, yet it is a very low-cost project. The cost to hire painters and purchase quality paint is much less than the cost of upgrading flooring or countertops, and the effect can greatly impact the look and feel of your home. If you want a home improvement job that gives you a lot of bang for your buck, this is one to consider.
4. Increased Home Value
Homes rise in value when they look appealing on the inside and out; fresh paint helps with this. A fresh, modern color can make the home appear new, increasing the house’s potential resale value. In contrast, old, outdated paint can make potential buyers wonder what other home improvement tasks you left undone, which can detract from the value of your home.
5. Refreshed Style
Finally, giving your home a fresh coat of paint will make it feel updated and refreshed. You can completely transform the home’s overall vibe and embrace modern colors and styles with a new paint job. Often, updating the paint can remove the feeling that you need to tackle more costly improvements.
How Much Value Does Painting a House Add?
Painting a house brings a high return on investment, but just how much?
According to 2012 estimates from HomeGain, painting the interior of a home will boost its value by about $2,000, and it costs just over $960. This is over $1,000 in improved value. On the other hand, on average, exterior house painting costs more at $1,400, increasing the weight by over $2,170.
How Often Should a House Be Painted?
For the home’s exterior, you should plan to paint every 5 to 10 years. For stucco or wood, aim for closer to 5 years. On the interior, repaint every 3 to 5 years.
What Are Some Tips for Maximizing ROI on Painting a House?
If you want to maximize your ROI on painting your house, consider these tips:
Choose neutral colors with a slightly warm hue, but avoid white or bold, bright colors.
Prioritize the living spaces if you must choose one room over another.
Use lighter colors to make small rooms look bigger and deeper colors to make huge rooms look cozier.
Don’t just paint walls – update doors, cabinets, and trim with fresh paint.
Paint the shutters, exterior doors, and the siding when doing your home’s exterior paint job.
Repair holes and cracks before painting.
A fresh coat of paint breathes new life into your home, making it more appealing as you live in it or should you decide to sell. It is a wise investment with a low, upfront cost compared to other home improvement tasks.
Contact the Pro Paint and Finish team today if you want professional help with your home painting project.
