First impressions can make or break a property. How it looks in particular could mean 'wow' or 'uh-oh' to those visiting or driving by, so keeping your property exterior up to par, with perhaps a nice layer of paint on top of it, could ensure good curb appeal. With the competitive real estate market in (and around) Albury-Wodonga, this could be just what you need to sell your house.
A lick of paint nowadays could be worth thousands. More and more homeowners today are turning to aesthetic improvements of the home (i.e. painting it) to increase the retail value of their homes. Through a range of paints, wallpaper, and other similar home decor products, you too can fine-tune colours and styles until you find something (or a combination of something) that works—a strategy that has worked for many homeowners.
The Importance of Home Painting for Property Enhancement
Property enhancement is the art of trying to improve upon the existing form of a property to make it look more aesthetically pleasing and worthwhile to prospective clients. The crux of the real estate market revolves primarily around these enhancements, where a good house on the face of it may not exactly be the house to fetch the highest price as per the existing real estate market values.
Home painting is one service that will help increase the overall price of your property in general. A nice painted house with interiors that have a fresh feel to them will possibly make sure to persuade your potential buyers from not getting deviated towards any other similar properties within the same price range. The house that is uniformly painted and left with traces of what all possible colours and finishes can be used with the furniture in it will surely fetch you a lot of brownie points.
Interior Painting: Transforming Your Living Space
The aesthetics of a home can be changed dramatically through interior painting. This transformation takes place because colour has a significant psychological component—different colours evoke different emotions and perceptions.
A good tip is to use the theory of colour psychology in a very practical way—i.e., to definitely use it to help you choose colours and finishes.
For example, warm colours like reds and oranges can create (like their temperature suggests) a feeling of warmth and of a more social environment. Therefore, it stands to reason that these colours are good for social spaces—like a living room.
On the other hand, cool colours like blues and greens suggest a sense of calmness and being cool—after all, they are considered to be cool colours. These colours can be used very effectively in bedrooms, promoting a sense of calmness (which you definitely don't get from having your bedroom painted red).
Colour psychology is a very good way of adding not just colour to your home, but those colours that can certainly help achieve the "feel" you want in your home, suit your aesthetic requirements, and promote your chosen level of functionality.
The ROI of Home Renovation Through Painting
One of the cheapest ways to increase your home's value is painting. Sometimes realtors will even throw in a free coat of paint because they know the consumer will be attracted to the home's aesthetics and the house will sell faster.
In fact, the National Association of Realtors reports that painting can offer homeowners up to a 5% increase in the sale price of their home. In other words, if you spend $1,000 on painting, you can see an increase of $5,000 in your home's estimate.
In case studies, homes that were repainted by professionals attracted higher offers than those that were not. Other studies showed that some homes simply sold faster than others if they were newly repainted. One study even found that in a neighborhood that was competitive in the real estate market, houses sold on average for 10% more with a new paint job on the exterior.