If you are considering selling your home, you might want to consider why a paint refresh might be the cost effective value-add you are looking for. According to Zillow (a real-estate and rental marketplace) the added value of a fresh interior paint job is estimated at an additional 3% on real home sales (taken as an average). And, according to the Canadian Housing and Mortgage Corporation (CMHC), the following home renovations have the greatest payback potential:
- Bathroom renovation (75-100%)
- Kitchen renovation (75-100%)
- Painting home interior (50-100%)
Painting before selling is mainly recommended to create a good first impression. A home that looks well kept, clean and move-in ready will always appeal to more buyers and sell faster for a higher price. Below are some reasons why:
- Painting an interior with light neutral colors will always appeal to a broader audience
- Fixing wall cracks and cleaning up the scuffs and dings on baseboards, casings, and doors, inspires confidence that you have a well maintained home
- A quality paint job will consistently increase the value of a home well beyond the cost of the paint job itself (especially if you use us for selling!)
- A fresh coat of paint will block any stains and cover any old odours – giving your house that ‘new home smell’
- Fresh paint will make your online pictures look more appealing and attract more potential buyers.
Thanks for reading!
Jason