Color makes a big impact; it can either attract buyers or … not. Desirable colors help buyers envision themselves in the space. A Zillow analysis of more than 32,000 photos from sold residential properties finds specific colors can either boost or crimp a home’s selling price. The analysis controlled for square footage, the age of the home, the date of the transaction and location, and then compared the sale prices of homes with white walls versus those with more colorful paint.
Here are the money getting colors and how much green they may grab:
- Navy Blue or Charcoal Gray doors add $1514
- Greige exteriors (that is a combination or gray and beige) pulled in an additional $1526
- Light Blue kitchens are the color for 2017, as they increase the sale price by $1809 as well as Oatmeal walls in the living room
- Blue bedrooms, said to be calming, can pull in an extra $1856
- Pale gray blue tones in the dining room will see an increase of $1926
The biggest bang for your buck will be in the bathroom. When it comes to the powder room, think powder blue to periwinkle for a bump in sales price of up to $5440!
Of course, choosing the wrong colors can detract from a home’s sales price. On the hit list:
- Blue living room or yellow kitchen (-$820)
- Medium brown exterior (-$1970)
- Red dining room (-$2031)
- White bathroom (-$4035)
For trusted, experienced advice on how to best position your property for a profitable sale, call J. Christopher Real Estate Group at 401.830.6906.