There are countless articles online that will tell you what colours to paint your home for a quicker sale and a higher return, but have you ever wanted to know if there’s actual data that can back these articles up? Well, there’s actually quite a lot of data. In this report by Zillow, the leading online Real Estate Marketplace in the U.S., they analyze more than 135,000 photos of sold listings and compare them with similar homes painted primarily in white to see how certain colours affect sale prices on average. So let’s take a look at some of the highlights.
From the ever-present wood paneling of the 70’s to the popular mocha paint scheme of the early 2000’s, brown walls can project a feeling of warmth and comfort. That being said, Zillow found that brown walls in the dining area actually had a negative affect on average sales prices (-$1,684). So if you’re considering “warming up” your home with brown tones, you may want to consider more than just the costs of time and paint.
As for kitchens, reds of all shades were found to have a noticeably negative affect on home prices (-$2,310), and that sort of makes sense when you think about what function the kitchen serves within a home. The kitchen is meant to be a warm and welcoming place of gathering where people come together to share companionship over a meal. Red as a colour often symbolizes love, passion, intensity, and excitement, which many a potential buyer won’t associate with a gathering place for friends and family.
While we’re on kitchens, Zillow reported that a two-tone colour scheme had the greatest impact on sale prices (+$1,547), consisting of white or light coloured upper cabinets paired with dark navy or black lower cabinets. This trend has been super popular lately, and I’d personally hazard that a satin finished dark forest green could be added to that list with today’s colour trends (the Zillow article was published halfway through 2018). When painting your cabinets, keep in mind that the colour and finish choice of the handles and fixtures plays a big part in the overall feel of the space. It’s not just about the paint colour here!
When considering the bathrooms, it’s no real surprise that light blue walls were the most favoured by buyers (+$2,786). Blue tends to symbolize peace, tranquility, calmness, and relaxation, which makes it the perfect choice for a bathroom!
It’s not just the interior colours that matter when it comes time to sell your home. The exterior is the first thing people see when they pull up, and first impressions are MASSIVELY important. Analysis showed that a yellow exterior on a home made homes less desirable and therefor fetched lower prices (-$3,408). Considering that it takes a much larger investment to paint or re-side the exterior of your home than it does to toss a few coats on your living room, you may want to stay away from yellow if you want to attract more buyers.
The Big Winner
Last, but most definitely not least, is the colour of your front door. This is probably the LEAST expensive and fastest fixture of your home that can be painted, and it added a whopping $6,271 to the average sale price of homes in Zillow’s report when painted a dark charcoal to a deep, rich black. In many aspects of life, including the home, black symbolizes sophistication, elegance, and mystery, which I think makes it the perfect colour for the entrance into a home. At the very least, it’s striking, and the potential increase in your home’s value makes painting your front door black worth considering.
As always, thanks for reading! Let me know in the comments what your go-to colour schemes are in your favourite rooms!
**Post image found online at BetterDecoratingBible.com. Link to post. I do not own or assume rights to the image used in this post.
This article was first published on Brendon Cunningham's personal website on September 29th 2021 and re-published here with his specific knowledge and permission...