Paint Your Home in Neutral Colors to Maintain Its Selling Price
The value of your home fluctuates depending on a number of factors. Some of these factors are pretty obvious: noisy neighbors, the quality of nearby schools. Others are a little more surprising. For example, the wrong paint color can lower the selling price of your home.
Business Insider Reports:
The color of your home is the first thing a buyer will notice. If it stands out in your area, it could undermine the selling price of your home. It’s the same with the interior. A bright pink living room can scare off potential buyers as they can’t imagine themselves in the home.
However, it doesn’t even have to be as extreme as a hot pink living room. In this Zillow thread, almost all realtors agree: you must remain neutral. They add that it also depends on your location. A bolder color might work in Miami, but in Denver, say, it might not work as well. Anyway, here’s one suggestion from the realtor:
A bright or unusual exterior color can negatively impact the selling price of a home because buyers will want to repaint, which will cost them money. Drive around the area and see what are the five most popular body colors; then choose your favorite. Just don’t choose the same color as your nearest neighbors so that your home stands out from them.
More information on the factors that can affect the value of your home can be found in the original post below.
11 Things That Will Lower The Value Of Your Home | Business Insider