Want to know what projects have the best ROI when selling your home? If you’re planning on selling your current home to move onto the next chapter of your life, you might be wondering if you should renovate or redecorate before selling.
- Maybe your kitchen is outdated and you think you could add $100,000 to your asking price by updating it
- Perhaps you saw a beautiful vanity in Home Depot and think it would modernize your bathroom
- You might be wondering if you should repaint the living room?
When you're trying to find ways to boost your home value, the list is endless. And there can be a lot of pressure to completely overhaul your home to maximize its appeal when, realistically, all you want to do is the lowest amount of effort for the highest return, right?!
We’ve uncovered the #1 thing you can do to maximize your profits in the most efficient way. Watch South Jersey Realtor Jeremiah Kobelka’s video below ⬇️
🚨 Spoilers — Answer Below!
If you haven’t watched the video yet, give it a watch 👆. Wanna just skip to the #1 way to boost your home value? Then carry on reading.
Time To Get Out Your Paintbrushes
That’s right… out of all the ways you could update your home to boost its value, giving it a fresh coat of paint is the most efficient and effective. And, in particular, you’ll want to choose a light and neutral color.
So, goodbye, lime green bathroom. See ya, yellow kitchen. Adios, dark purple bedroom that feels gorgeously luxurious but might turn a lot of people away. The issue with vibrant, eccentric or dark colors is that they’re not everyone’s cup of tea. And when your home is on the market, you want to attract as many people as possible to the online listing, and through your front door.
If your home has a niche look, it can be a big turn off because, unfortunately, many buyers are unable to see through any decorating and clutter to visualize how it could be if they lived there. Therefore you need a clean, decluttered, simple and neutral palette so appeal to the masses.
Why Neutral Is So Important
First impressions matter. Especially when it comes to real estate. When potential buyers step into your home, they want to envision themselves living there. A bright, neutral paint color provides a clean slate for their imagination. Let’s dig into the reasons why we suggest a neutral color:
- Increased Appeal: Neutral colors like soft grays, beiges, and whites are universally appealing. They create a sense of space and light, making rooms appear larger and more inviting.
- Versatility: Neutral colors serve as an excellent backdrop for any decor style. Buyers can easily picture their own furnishings and personal touches in a neutral space, which can lead to a quicker sale.
- Brighter Spaces: Lighter colors reflect more natural light, making rooms feel brighter and airier. This not only enhances the overall atmosphere but also contributes to a positive impression of your home.
- A Well-Maintained Look: A fresh coat of paint signals to buyers that your home has been well-maintained. It can make your property look newer and more attractive, reducing the perceived need for immediate renovations.
Return On Investment
Let’s look at the stats, and understand the reason why many real estate professionals opt for this neutral palette when they prep a house for sale or rent.
- Repainting interior walls increases home value by an average of 5% and nets an ROI of 107%. That means a home valued at $400,000 would increase in value by $20,000. - Homelight / Crash Of Rhinos Painting
If you were paint your home yourself, you’re expending your own time and resources but you can easily see how this might be a good investment.
Or you may wish to hire professional painters. It may set you back $3,000 to paint your whole house, but if you gained $20,000 on the sale because your property showed that much better, wouldn’t it be a win?
To summarize, sometimes the simplest solutions yield the most significant results, and when it comes to selling your home, a simple paint refresh is the answer. From enhancing first to the impressive return on investment, a fresh coat of paint can work wonders. But if you still have concerns just remember: you’re not alone when selling your home.
Enlisting the help of a trusted real estate agent who conducts market research and knows exactly what buyers are looking for in this market is your biggest asset, to help you maximize your profits.
