Selling your home in the Portland area? See how much a fresh coat of paint can increase your home’s value (ft. Nicole Kelly, Portland realtor expert)

A fresh coat of paint is often overlooked as a home improvement project, but it can be a powerful tool for increasing your home’s value. Whether you’re preparing your Portland-area home for sale or simply looking to refresh your living space, paint can work wonders. Let’s explore the many benefits of painting your home, the potential return on investment, and the specific challenges and considerations for Portland homeowners, particularly those living in older homes.

A well-executed paint job can dramatically enhance your home’s appeal in countless ways:

• Curb Appeal: A fresh exterior paint job can instantly modernize your home’s appearance, hide minor imperfections, and create a welcoming first impression.
• Interior Refresh: New paint can breathe life into tired spaces, making them feel brighter, larger, and more inviting.
• Hidden Damage Reveal: Preparing walls for paint often reveals underlying issues like water damage or cracks, allowing for timely repairs.
• Allergen Reduction: Modern paints with low or no volatile organic compounds (VOCs) can improve indoor air quality.
• Energy Efficiency: Certain exterior paints can reflect sunlight, helping to reduce cooling costs in summer. We also caulk and seal the home’s exterior, leading to less cool and heat escaping the home or getting in.

While it’s challenging to assign a precise dollar amount to the value added by paint, it’s clear that a fresh coat can significantly impact your home’s marketability.

Exterior Paint’s Impact On Home Value In The Portland Area.

A high-quality exterior paint job not only enhances the curb appeal of your home but also provides a protective barrier against the elements, such as rain, wind, and sun damage. This protection can help maintain the condition of your home’s exterior materials, potentially saving on future repair costs. When it comes to selling your home, buyers often make judgments based on first impressions, and a well-maintained exterior can make your property stand out. The return on investment (ROI) for exterior painting is typically calculated by comparing the cost of the paint job to the increase in your home’s market value.

So, how much can you expect exterior painting to increase home value?

A professional paint job can recoup between 100 and 150% of its cost because it can help attract more buyers, leading to a quicker sale and possibly a higher selling price. Meaning, if you spent $10,000 on an exterior paint job, you may be able to add an additional $15,000 to the home’s asking price.

Another stat is an exterior paint job could increase a home’s value by a whopping 2-4%, which can be substantial.

Interior Paint’s Impact On Home Value In The Portland Area.

A high-quality exterior paint job not only enhances the curb appeal of your home but also provides a protective barrier against the elements, such as rain, wind, and sun damage. This protection can help maintain the condition of your home’s exterior materials, potentially saving on future repair costs. When it comes to selling your home, buyers often make judgments based on first impressions, and a well-maintained exterior can make your property stand out. The return on investment (ROI) for exterior painting is typically calculated by comparing the cost of the paint job to the increase in your home’s market value. A good paint job can recoup between 100%-150% of its cost because it can help attract more buyers, leading to a quicker sale and possibly a higher selling price.

So, how much can you expect interior painting to increase home value?

Given the variables, such as how much of your interior you are getting painted, calculating how much interior painting can increase your home’s value isn’t exact. However, our estimates say that a professional interior paint job can lead to 150% of return of what it cost to paint your home. Meaning that if you spend $7,000 on interior painting, you could increase your house value by more than $10,000.

Cabinet Refinishing Impact On Home Value In The Portland Area.

Refinishing or repainting kitchen cabinets is a cost-effective way to give your kitchen a fresh, updated look without the expense of a full renovation. Since the kitchen is often considered the heart of the home and a key selling point, improvements here can have a significant impact on a home’s appeal. By simply updating the cabinets, you can make an older kitchen feel modern and clean, which can help your home stand out in the market. The ROI on cabinet refinishing can be quite high because it’s a relatively low-cost project that dramatically improves the appearance of one of the most important rooms in the house. Potential buyers often appreciate updated kitchens and may be willing to pay more for a home that doesn’t require immediate kitchen renovations.

So, how much can you expect cabinet refreshing and painting to increase home value?

We say that painting your kitchen cabinets can get you an ROI of up to 150%. If you spend $5,000 to refinish your cabinets, you could add $7,500 to the asking price of the home.

It’s also important to note that painting or refinishing cabinets is much more affordable than getting new cabinets. you can read more about the cost breakdown in another blog article we wrote here.

The cost of painting a home varies widely based on factors such as size, condition, and the type of paint used.

Exterior Painting: Expect to pay anywhere from $5,000 to $15,000 or more for a typical Portland-area home. However, there are many factors here, and each paint job is unique to the home.

Interior Painting: Costs typically range from $7,000 to $18,000 or more depending on the number of rooms and the complexity of the project. Same with exterior painting, the cost can vary depending on multiple factors.

Cabinet Refinishing: This can range from $5,000 to $12,000 or more, depending on the number of cabinets and the level of customization.

While these figures may seem high, considering the potential return on investment and the transformative power of paint, it’s often a worthwhile expenditure.

While DIY painting can save money, hiring a professional painting company often yields superior results, especially when preparing your home for sale. A flawless finish is crucial to impress potential buyers. For a free painting quote or expert color consultation, contact JK Paint & Contracting. Let our professionals help you create a stunning first impression.

Lead was used in paint for a variety of reasons back in the day. Lead paint was at its peak in the 1920’s, when it was a common additive to paint for its color and durability.

Portland, like many older cities, has a significant number of homes built before 1978 when lead paint was banned. Lead paint is a serious health hazard, and it’s crucial to handle it properly. You can read more about the possible health dangers here.

• Prevalence: If your Portland home was built before 1978, there’s a high probability it contains lead paint.
• Health Risks: Lead paint can cause serious health issues, especially in children.
• Professional Handling: Never attempt to paint over lead paint yourself. Hire a certified lead paint contractor.
• Cost: Lead paint removal and abatement can be expensive, but it’s essential for the safety of your family and future homeowners.

How to tell if your home has lead-based paint?

We wrote an entire article on it that you can read here to learn more. The best way to have peace of mind is to have your home’s paint (both exterior and interior) tested for lead paint by an EPA certified team like JK Paint & Contracting.