Among the the most prominent seasons for listing a home for sale is the spring. According to Zillow, the online real estate marketplace, listing a house was traditionally thought to be best done in late spring, notably around May. But in the last several years, because of the global epidemic, when all regulations were abandoned, that has roi on home painting house before selling.

Generally speaking, May and the spring are still the best times to market a house for sale since families may locate acceptable lodging before the new school year starts, and since most workers take summer vacations, this period is more hit or miss.

If you plan to sell your house in the coming months, you might be wondering what upgrades would increase the value of your house when the bids come in and how much they will add to your roi on home painting house before selling.

Must Read: What Not To Tell Your Realtor When Selling

Advantages of Painting at Home

Before we examine the financial aspects of whether painting your house is a wise move before selling it, let's take a moment to explore the benefits that such a job may offer before we get into the specifics.

A home's curb appeal is instantly increased when the outside is painted. The home will seem fresh and new and give out the sense that it is properly cared for. Getting buyers to come in or browse through your house on their real estate app is largely dependent on this initial impression.

It is also advantageous to paint a home's interior areas. In only one weekend, a fresh coat of paint may revitalize a room in your house that appears outdated or dilapidated. Additionally, just as removing family photographs off bookcases may remove the personal touch of past owners, a fresh coat of neutral paint can do the same.

Return on Investment

The majority of real estate specialists now advise going back to the fundamentals of making necessary repairs for properties and updating them to make them appear their best in listing images, even though the figures have somewhat altered in recent years owing to low mortgage rates.

A few years ago, houses were being purchased "sight unseen" since the market was so hot and mortgage rates were so cheap. Since mortgage rates increased in 2022, this is no longer the case.

According to Home Light, a real estate technology business, "painting a home's exterior increases its value by $7,571 and yields a 152% return on investment." That is a compelling reason to paint your home's exterior before listing it for sale.

According to Home Light, painting the inside is also a smart option. “Repainting interior walls increases home value by an average of 5% and nets a ROI of 107%. In other words, a house worth $400,000 would gain $20,000 in value.

Must Know: How to Get Your House Ready to Sell

How Much Does Painting the Outside Cost?

Painting the outside of a house may cost anywhere from $1,800 to $13,000, depending on a number of variables. Medium to big homes (2,000–3,500 sq. ft.) can cost anywhere from $3,000 to $12,000, while small homes (1,000–1,500 sq. ft.) might cost anywhere from $1,500 to $6,000. Furthermore, surfaces that are flaking or damaged could cost more to repair.

The Benefits of Painting the Outside of Your Home

Prior to selling your house, painting the outside might be a wise decision. It may greatly improve a home's curb appeal and give prospective buyers a sense of welcome. Here are some benefits of painting the outside of your house.

Boosts the Value of Resale

Putting money into exterior painting might raise a house's resale value by 2% to 5%. You may notice an increase of up to $15,000, for instance, if your house is worth $500,000. Newly painted homes may greatly boost the return on investment (ROI) and frequently get better bids.

Enhances Curb Appeal

When getting ready to sell your house, a new coat of paint may make a big impact. A well-kept exterior increases curb appeal and draws in more purchasers. Potential offers may be turned off by faded or roi on home painting house before selling.

You May Also Like: How to sell your house in 2024

Makes a Statement in a Buyers Market

In a buyers market, a freshly painted exterior might help you sell. It attracts more attention from prospective purchasers and improves curb appeal. As previously stated, a well-kept exterior may yield a 51% to 55% return on investment, and neutral hues can raise the sale price by 2% to 5%.

Final Notes

In the end, the state of your home and the market will determine if you should paint it roi on home painting house before selling. A new coat can improve attractiveness and perhaps increase resale value if your interior or exterior exhibits wear. On the other hand, painting might not be required if the existing paint is in good condition and your market is robust. Make an informed choice that supports your selling approach by balancing the expenses and possible advantages.