A fresh coat of paint can breathe new life into any home. Whether you just bought a new house or you’re thinking of selling your home soon, getting an interior or exterior paint job might be on your list of things to do. You might be wondering if painting is even worth the time and effort. Or maybe questioning when its the right time to start a house painting project. Whatever stage you’re in, you can find helpful insight below.
Why Painting Your Home Will Increase Its Value
Everyone knows that exterior and interior makeovers require a lot of commitment, in terms of both time and money. When it comes to paint jobs, most people want to ensure that a fresh coat of paint is worth the substantial investment before taking the plunge. Rightfully so.
If this sounds like you, we have some great news! Painting the exterior or interior of your home comes with a handsome return on investment (ROI) (“How exterior painting leads to a home value boost ahead of listing”) in the form of increased property value. We’ll explain below.
How Good Of An Investment Is An Exterior Paint Job?
On average, exterior paint jobs offer a 55% ROI. That means that if you spend $3,042 (the average cost of an exterior repaint), the value of your home will increase by $4,715. Exterior paint jobs are considered one of the least expensive and least time-consuming investments you can make for the best return.
Interior paint jobs almost double the ROI of exterior painting at a whopping 107% ROI (“Should I Repaint My House Before Selling It in 2022?”). Keep in mind, interior paint jobs can also cost more than exterior painting depending on what needs to be done. These factors can include the following–