When it comes to the color of your home, not everyone will agree with your style. But according to recent research, the paint colors you choose can directly impact the value of your home.
"Zillow analyzed 50,000 homes across the country to find that color decisions within a home can affect the final sale price of the home by over $1,000, give or take."
The study found that there are four paint colors that should be avoided in order to get the maximum sale price for your home.
Here are the colors that you should try to avoid at all costs...
1. Slate Gray
Gray is a popular and well-liked paint color choice, but you have to be careful when choosing the shade. Choosing the wrong shade of gray may either increase or decrease the final sale price of your home by more than $1,000.
Homes with off-white or eggshell kitchens were found to go for $82 below market value.
This bold paint choice could put a dent of -$793 on the value of your home.
4. Dark Brown
This color has been referred to as dirty and when used in a bathroom or bedroom, dark brown lowered the final sale price by up to $469.
What Colors Actually Add Value To A Home?
When looking to increase the value of our homes with a new paint coat, Zillow suggests steering clear of the four paint choices above.
In the same analysis, Zillow experts analyzed photos from nearly 50,000 homes sold around the country and came up with some interesting results about which paint colors get you the most bang for your buck.
Here are the paint colors that can increase the value of your home.
Zillow found that certain shades of purple in the dining room (mauve, eggplant or lavender) increased the sale price of homes by $1,122.
Paint your bathroom an oatmeal or beige color and you’ll see the sale price of your house go up to $283, according to Zillow.
A creamy or wheat-colored yellow in your kitchen can increase the sale price of your home by $1,360, the Zillow analysis found.
In the bedroom, focus on light green or khaki colors to see an increase of $1,332 on your sale price.
5. Light Grey
Grey is apparently another question in the living room. If you paint your living room a dove or light gray color, you could increase your sale price by $1,104.
If you’re planning to do a little updating this spring or summer, you want to make smart choices about how you spend your money.