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Maximizing Home Value with Exterior Painting in Willamette Valley
There are lots of little ways to add value to an Oregon home. Keeping the bushes trimmed, using modern fixtures, unsqueaking squeaky doors…. and the list could go on. But if you're like most homeowners, you want to know about the projects that make the biggest difference for your investment - the most bang for your buck.
Today, let’s take a look at why exterior painting is just that kind of project and how to get the most out of the process.
The Impact of Exterior Paint on Home Value
So, how exactly does exterior paint affect home value? For starters, your home is the first thing potential buyers see. A well-maintained, freshly painted exterior signals that the home is cared for, which can lead to higher offers and quicker sales. Studies actually show that homes with excellent curb appeal tend to sell for 7% more than similar homes with neglected exteriors. Let's take a look at a few reasons why.
1. Protecting the Structure
High-quality exterior paint acts as a protective barrier against the elements and slows damage like rot, mold, and mildew, which can be costly to repair. A home that shows fewer signs of wear and tear will likely be valued higher because it suggests to buyers that they won’t have to invest heavily in maintenance after purchase.
2. Highlighting Architectural Features
A strategic paint job can also highlight a home's architectural features, such as trim, doors, and windows. This can make the home more visually appealing and distinct, setting it apart from other properties in the neighborhood. Buyers are often willing to pay a premium for homes that stand out.
3. Aligning with Market Preferences
Another reason exterior painting can help increase a home’s value is because it gives you the opportunity to update the color. Choosing the right colors (like neutral or earthy tones) tend to appeal to a broader audience, making it easier to attract potential buyers. Homes painted in modern, stylish colors are perceived as more up-to-date and in line with current trends, which can increase their market value.
How Much of a Difference Does Exterior Painting Really Make for Your Home Value?
All of that sounds good in theory, but does it really work? Actually, yes. Homes in Oregon with excellent curb appeal often sell for 2-5% more than similar properties with outdated exteriors. According to a study by Zillow, neutral-colored exteriors can add an average of $3,496 to a home's sale price. And in the diverse Oregon climate, with its coastal rains and high desert heat, a durable paint finish that adds protection can end up increasing the value even more!
What's the Takeaway?
If you’re looking to add value to your home for a quicker and higher sell, a coat of exterior paint will do it. Just remember to look into popular color trends and tailor your choice to the market's preferences.
Contact Fitzpatrick Painting and Construction
Ready to boost your home’s curb appeal? Give Fitzpatrick Painting a call! With 30 years of experience and a deep understanding of the unique needs of homes in our region, we provide high-quality, weather-resistant painting solutions that protect your investment and make it look beautiful for years. Our team of skilled professionals is committed to delivering exceptional results, whether you need a full exterior makeover or just a touch-up.
Frequently Asked Questions
Q: How much does exterior painting typically increase home value?
A: Exterior painting can increase home value by 2-5%, depending on the quality of the paint job and the choice of colors.
Q: What are the most popular exterior paint colors for increasing home value?
A: Neutral colors such as white, gray, beige, and earthy tones are popular choices that appeal to a wide range of buyers.
Q: How long does an exterior paint job usually last?
A: A good exterior paint job can last between 8-10 years (or longer!), depending on the quality of the paint and environmental conditions.
Q: Is it worth it to hire professional painters, or can I do it myself?
A: Hiring professional painters can ensure a high-quality finish and save you time and effort. However, a DIY approach can be cost-effective if you have the skills and time to do it properly.
Q: What should I look for when choosing exterior paint for my home?
A: Look for high-quality, durable, and weather-resistant paints. Consider the paint's finish (e.g., satin or semi-gloss) and choose colors that enhance your home's curb appeal and appeal to potential buyers.
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