Here's an interesting piece from MSN Money about paint colors and how they impact home selling prices
Homes with blue bathrooms — specifically light shades like powder blue or periwinkle — fetched $5,400 more than expected when sold, according to a paint color analysis from real estate website Zillow. The analysis looked at more than 32,000 sold homes, comparing the sales prices of ones painted certain color versus similar properties that had white walls.
Blue paint isn’t just effective at boosting a home’s selling price when used in a bathroom though. Dining rooms painted in darker blue hues will cause a house sell for $1,926 more than anticipated on average, while homes with light blue kitchens and blue bedrooms will garner a price that is $1,809 higher than expected.
But not all paint colors have this positive effect on sales prices. For instance, a brick red dining room will slash a home’s price down by more than $2,000 versus what was expected. Other ill-advised paint choices — at least where a home’s value is concerned — included yellow, pink and brown.
Where a paint color is used is also important. While blues may wow in kitchens and bathrooms, when used in a living room it decreased home prices by $820 on average.
Those poor color choices all pale in comparison to leaving a bathroom’s walls white though. That decision can reduce a home’s sales price by more than $4,000.
Some thoughts here:
- If I was selling my house I would re-paint using their suggestions in a heartbeat. Paint is not that expensive and if I could get a few more thousand dollars for the right colors, why not???!!!
- Personally, I like white/tan walls. I wonder what that says about me other than I wouldn't get the most out of my home's sale.
- I'm wondering if blue just happens to be "in" now and in a year or two the colors that sell will change. What do you think?
Any other thoughts from the facts above?