If you’re looking for a way to give your home a fresh look for resale, one of the best (and easiest!) options is painting your walls. Research shows that homes with certain paint jobs have attracted buyers and made more of an impact during open houses.
Not only is painting less disruptive than other major renovation projects, but it’s much less expensive. A rule of thumb: if the paint on your walls is over five years old, it’s time to refresh the paint. You can choose to make it a DIY project or hire a professional painter to tackle the job.
Trends change over time, but there are certain timeless colours that will help your home attract buyers with a variety of tastes. Although it may seem unlikely, selecting the right paint colours can transform the look and feel of your home, with the added benefit of helping it sell faster.
Here are the best paint colours to use, and where to use them to increase the value of your home:
Calming Blue Bedrooms
People often prefer having calming colours in their bedroom, since this is where they relax at the end of a long day and go to sleep. It’s no wonder calming shades of light blue seem to be appealing and make the most impact on buyers since these hues mimic the sky or ocean. Research by Zillow shows that light cerulean to cadet blue are preferred shades of blue for bedrooms which increased the value of homes.
Warm Living Rooms
The most appealing paint colours for living rooms are warms tones and neutrals such as light taupe, beige, or light grey. These neutrals can help open up your space and make the room appear larger.
Neutral colours allow potential buyers to consider how their own furniture and other personal touches will look in the space. This is perfect for helping them envision family gatherings and entertaining in their living room.
Light Blue Bathrooms
Painting your bathroom can be one of the best resale investments you can make. Fresh, clean blues such as powder blue or light periwinkle are the top choices for bathroom shades. According to Zillow these homes sold for $5,440 more than expected.
Grey-Blue Kitchens
Hues of soft grey-blue seems to be the top choice for kitchens. These light colours complement white countertops, cabinetry, and trim, which are trending kitchen features.
Slate Blue Dining Rooms
Serve up some slate and other blue tones in your dining room. A place for family dinners and entertaining guests, the dining room can be a focal point of a home. Slate blue brings a classy warmth to dining rooms and has been shown to increase the price of homes.
Colours To Avoid
?Be sure to watch out for colours which are off-putting to potential buyers. Typically, deep colours or an underwhelming lack of colour can deter buyers from making a purchase. In fact, a lack of colour can be one of the biggest negative impacts for potential buyers.
On the other hand, bright hues can make it difficult for buyers to envision their own furniture or personal taste in the space since it may clash with the wall colours. Darker colours typically make rooms seem smaller than they are which can be unattractive to a buyer.
When in doubt, research shows to go blue or stay neutral. Neutrals make a space appear larger and help people envision their own personal style in the space. Blue colour walls are often calming and warm.
When it comes to selling your home and buying a new one, there are a number of ways to increase the value of your home. Consider which paint colours could attract buyers the most in order to get the best return on your investment. When you’re ready to purchase a new home, talk to your mortgage broker to further explore your options. If you don’t have a mortgage broker, visit our find a mortgage broker tool.
If you have an MCAP mortgage and have any questions, contact us!