Over 500,000 houses were sold in the United States this past July alone. The increasing number of houses on the market may make the selling process harder. This leads many people to make adjustments to their homes before listing it for sale.
Painting is one of the most common home improvement projects before selling a house. If you are wondering whether or not to paint your house before listing it on the market, then read on to learn more.
Exterior Painting
The first thing potential buyers see is the outside of your home. If the paint looks damaged or unsightly, then it may turn your buyers away. Here’s what you need to know about exterior painting when selling.
Home Value
Painting your house can boost your home value. In fact, the estimated value of painting your home’s exterior is around $4,228. Keeping up with painting throughout the years can also protect your home, boosting the value even more.
Signs You Should Paint the Exterior of Your Home
Are you on the fence about whether or not your house needs to be painted in the first place? Here are a few signs that you could use a fresh coat of paint.
- Paint is flaking
- Paint is peeling
- There is mold on the side of the house
- The color is outdated
- Paint is fading
- Rotting wood is exposed
If you notice any of these signs, then you may want to consider painting your home.
Cost to Paint Your House
The price to paint the outside of your house depends on a few factors. The first factor is whether or not you choose to do it yourself or hire a professional.
If you choose to hire a professional, you are looking at a price tag of $3,750 to $9,750. The bigger your house, the more you will pay. A good rule of thumb is that you should expect to pay anywhere from $1.50 to $4.00 per square foot.
Hiring a professional is typically recommended if you have no prior painting experience. A professional will ensure that the paint job will look even and coherent.
If you choose to do it yourself, the most expensive part of the project will likely be the paint. The price of paint per gallon costs around $20 to $70. You can choose a cheaper type of paint, such as latex, or a more expensive one, such as oil.
In the end, you will spend anywhere from $200 to $750, depending on the square-footage of your home.
Interior Painting
The paint on the inside of your home is just as important as the paint on the outside. If you are holding an open house, then people will be inspecting the walls. A fresh coat of paint combined with other home staging practices can make this impression a good one.
Home Value
If you paint a house before selling, you can expect a return on investment. Painting the inside of your home offers an increase of $2,001 in value. This is a fairly quick and easy way to boost the value of your home before selling.
Signs You Should Paint the Interior of Your Home
The signs that the inside of your home needs a fresh coat of paint are similar to those of the exterior. These are the signs you should paint the interior of your home.
- Outdated color palette
- Peeling paint
- Chipping paint
- Discolored paint
- Mismatched paint
If your paint is unattractive in any way, then buyers will be less likely to put in an offer.
Cost to Paint Your House
The cost of painting the interior of your house once again depends on if you are doing it yourself or hiring a professional. It also depends on how many rooms you will be painting.
If you want to hire a professional, you can expect to pay anywhere from $120 to $3000, depending on the size of the room. If you want to give the whole house a fresh coat of paint, then it will cost you between $7,500 and $16,000.
You can stick to the lower end of this price if you choose cheaper paint and less experienced companies. In the end, it comes out to $2.00 to $6.00 per square foot.
If you choose to paint on your own, then the cost is much less. Again, the biggest expense will be your paint, and you can expect to pay between $1 and $3 per square foot of your home.
The Best Alternative to Painting
Sometimes, painting your entire house is not worth the hassle. Maybe you want to get your property off of your hands quickly. Perhaps your home is in need of other major repairs that painting won’t fix.
Whatever your reason is, selling your home as-is could be the best option for you. If you sell your home to a cash buyer, then you don’t need to worry about fixing things up or increasing your home value. This allows you to bypass all of the lengthy closing processes as well.
If you don’t want to navigate the traditional selling process and want cash for your house fast, then consider contacting a cash buyer.
Sell Your House Today
If you decide to paint your house, then we hope this information was helpful for you. Painting your home can absolutely increase your home value if it is done carefully and correctly.
If you don’t want to paint and are thinking about a cash offer, then feel free to contact the professionals at We Buy Houses Memphis. We are always here to answer any questions or concerns that you may have.