So, you’re considering painting the exterior of your home! A fresh coat of paint can breathe new life into your house.
But everyone knows that exterior makeovers require a lot of commitment, in terms of both time and money. You want to ensure that that fresh coat of paint is worth the substantial investment before you take the plunge.
Does this sound like you? We come bearing some good news! Painting the exterior of your home comes with a handsome return on investment (ROI) in the form of increased property value. Want to know why painting your home will increase its value and how to get the best bang for your buck? Read on to learn more.
How Good of an Investment Is an Exterior Paint Job?
On average, exterior paint jobs result in a 55 percent 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 time-consuming investments you can make for the best return.
Why Does New Paint Increase Property Value?
So, why does painting your home increase its value? A fresh coat of paint increases value because it adds both aesthetic appeal and functionality to a home.
Let’s look at it this way. Would you rather purchase a home that has clean, freshly painted siding, or a home that has siding with discolored and stained paint?
Generally, new paint makes a home look nicer and more attractive to potential buyers, thus increasing interest and value.
New paint also adds functionality in that it protects your home. An extra layer of paint means an extra layer of protection against the elements. This keeps common exterior problems such as rot or discoloration at bay and extends the life of exterior siding.
How To Get the Most Out of Your Repaint
Of course, not every exterior paint job will add instant value. The key to getting the most out of your investment is choosing the right color and the right contractor.
You might love the color neon green, but a neon green home can be off-putting to many. Bold colors can actually decrease your home’s value, so if you want the greatest return on your investment, stick to colors that are neutral or muted.
Hiring your neighbor to paint your home will save you money, but it’s unlikely to lead to a very high-quality result. An amateur exterior paint job won’t look as nice or be as protective as one done by a professional.
That’s why it’s important to choose a contractor that you can trust. If you’re searching for exterior home painters in Portland, Oregon, give JK Paint & Contracting a call. Our experienced painters can make your home’s exterior look amazing.