The Best Paint Colors for Increasing Home Value in 2023​

Introduction

Every homeowner should be aware of the impact that paint colors can have on their property’s value. As the real estate market starts to cool down, paint can actually be a critical factor when it comes to resale value. Studies have shown that certain paint colors can increase a home’s value significantly. Sellers have found their houses can earn roughly $6,491 more than projected simply by changing the paint color of select rooms, says Claire Wilson of Glacier Media (1).

When it comes to increasing your home’s value, don’t forget the importance of hiring a professional for an interior painting service. By being strategic with your paint colors and finishes, you can create a unified and appealing aesthetic that will make your home shine out in the area.

In this article, we’ll look at the paint colors that can help you raise the value of your property. We’ll go through some aspects that can affect a home’s value and the exact colors that show the biggest rise in home value. By the end of this post, you’ll have a far better grasp of how to select the proper paint colors to increase the resale value of your home.

Factors That Influence a Home’s Value

Before we get into specific paint colors, it’s essential to understand some of the aspects that can affect the overall value of a property. While the paint is only a minor part of the process, it can play a significant role in generating a good first impression on prospective buyers.

Some of the factors that can influence a home’s value include:

• Location: The location of a home is one of the most important variables in determining its value. Homes in desirable neighborhoods are usually more valuable than those in less desirable places.
• Size: Another key consideration is the size of a house. In general, larger homes are worth more than smaller houses.
• Age: The condition of a house can also affect its worth. Although older homes have more charm, they may also necessitate more upkeep and repairs.
• Condition: A home’s overall condition is also important. Homes that have been well-maintained and are in excellent shape are often more valuable than those that have fallen into disrepair.
• Features: Finally, the qualities of a home might have an impact on its worth. Homes with desirable features such as new kitchens and bathrooms, large yards, and modern appliances are frequently more valuable than those without.

The Best Paint Colors for Different Rooms

The Living Room

In the living area, you want a color palette that is inviting and cozy without being overpowering. The following are some of the greatest paint colors to utilize in your living room:

• Soft neutrals like beige, gray, or taupe
• Warm shades of yellow, gold, or orange
• Cool blues or greens

The Kitchen

The kitchen is frequently referred to as the “heart of the home,” and the correct paint colors may make it even more appealing. Here are some of the greatest kitchen paint colors to consider:

• White or cream for a clean, fresh look
• Warm earth tones like brown or terra cotta
• Cool shades of blue or green for a calming effect

The Bedroom​

Your bedroom should be a place where you can relax and rejuvenate. Consider the following hues when selecting paint colors for your bedroom:

• Soothing shades of blue or green
• Warm neutrals like beige or light brown
• Soft shades of pink or lavender for a feminine touch

The Latest Trends in Home Color Schemes

Neutral Color Palettes​

In the living area, you want a color palette that is inviting and cozy without being overpowering. The following are some of the greatest paint colors to utilize in your living room:

• Soft neutrals like beige, gray, or taupe
• Warm shades of yellow, gold, or orange
• Cool blues or greens

Bold Accents​

While neutral color choices remain trendy, adding vibrant touches to your home can bring personality and elegance. Consider utilizing a bold splash of color in the interior design or accent walls, such as red, green, or blue.

Earthy Tones​

Earthy tones such as green, brown, or terracotta are another trendy trend in house color schemes. These hues have a relaxing, organic feel to them, which can make your house seem more connected to nature. (2)

Summary​

Choosing the proper paint colors for your home can significantly increase its overall value and appeal. You can improve the appearance of your property and attract potential buyers by choosing neutral or warm colors for your living room and kitchen, relaxing shades for your bedroom, and bold highlights or earthy tones for a fashionable design.

If you are preparing to sell your property (like a house, apartment, or farmhouse), remember that painting it is an inexpensive and effective approach to boosting its value and marketability and is almost always worth the investment. Whether you employ a professional painter or do it yourself, take the time to select colors that complement your home’s style and create a welcoming ambiance.

If you’re ready to start your painting project and need high-quality paint, be sure to check out Wade Paint Co.. Our wide selection of paint colors and finishes will help you achieve the look you want while adding value to your home. Don’t hesitate to contact us for all your painting needs!

Reference:
(1) https://www.vancouverisawesome.com/highlights/paint-colour-can-increase-home-value-by-nearly-6500-research-shows-6226929
(2) https://www.nar.realtor/magazine/real-estate-news/best-paint-colors-for-selling-in-2022#:~:text=%E2%80%9CWhite%20and%20off%2Dwhite%20can,sell%20in%20a%20timely%20way.%E2%80%9D

Frequently Asked Questions