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Right Paint Choices Are Key To Resale
If people stop dead in their tracks to admire your residence, your house has curb appeal.
According to the
National Association of Realtors, curb appeal sells more than half of
all houses that go on the market. At the very least, it makes buyers
take notice, gets them across the sidewalk or yard and inside the front
door.
Real estate
agents say that when you couple curb appeal with pricing the house
appropriately, that figure climbs to 90 percent. What kind of property
it is has a bearing on how it is perceived, but generally, the tidier,
fresher and cleaner it looks, the more curb appeal it has.
And painting is
key. Sure, choices and tints can vary from region to region, but a
spanking-new paint job that's crisp and fresh can really reel them in
no matter where you live.
Painting can be
very expensive, but it is the least expensive way to get the biggest
return on your investment. Because painting is a maintenance issue, you
can't say to a buyer, "Well, I spent X amount on painting." But the
expense of painting definitely will be reflected in the quality of the
buyer's offer.
In the new-home market, exterior coloration is both art and science.
For years,
builders felt comfortable choosing exterior colors. However, in the
last 10 years, the architect, designer and, in some cases, the land
planner are being brought in early on in the process to choose exterior
coloration.
While this kind
of input consumes time and money, the rewards are huge. The new-home
market is highly competitive. If the colors strike a chord with buyers,
customers will beat a path to the builder's door.
Sometimes, the
type of construction can limit the choice of paints and the surfaces to
be painted. For example, townhouse communities don't give buyers much
flexibility in exterior coloration. Generally, the builder determines
the color of the siding and the trim, in consultation with the designer
and architect. Buyers are given a half-dozen front-door colors to
choose from.
Single homes have
much more flexibility in color, but there have to be limits. Builders
tend to limit choices, and homeowners associations and civic groups
tend to enforce those limits long after the builder has sold out and
moved on.
And for good
reason. How other houses in a neighborhood are painted has a real
impact on how your house is perceived by a buyer. If the house next
door is loud and unpleasant-looking, it will affect both saleability
and price.
Do-it-yourself
guru Bob Vila said he always tries to encourage consumers to "be kind
to their neighbors" when picking color schemes. "If you aren't sure
what to paint your house, hire a consultant. That will save you money
and aggravation in the long run.''
Even when no one
is telling you what to paint your house, the colors you choose for your
house will elicit an emotional response in the buyer.
But what will
turn a buyer on? If you're a procrastinator, you can try not painting
your house and pray that prospective buyers will see past it.
That’s not a good
idea. Most buyers can only see what is in front of their faces. They
can't see one color and change it in their mind's eye to something they
might want.
Then there is the 5 percent who can see past years of neglect.
What are people finding personally satisfying?
According to a
national survey by Sears Weatherbeater Paints, more than 37 percent of
all Americans (23 million households) would choose white as the primary
color in painting the exterior of their houses.
In order of
preference, the choices are white, gray, blue, tan and brown, cream,
beige, green, yellow and, finally, red, Sears said.
Color is a funny
thing. If I were choosing a color for resale, I'd go conservative.
Still, lighter colors work better. A house that is dark isn't
appealing. But bold colors are a risk.
In older
neighborhoods, a subtle brick red, a Williamsburg blue and hunter green
on a stone house appear to be good choices. By and large, though,
you'll see white and creams, especially on the trims, with a deeper
color for the door.
People want the feel of the old, and traditional colors are nice and soothing.
In newer houses,
the move is toward the neutral. Off-whites and clays are popular for
trim. Front doors seem to be the focus of colors, even in houses other
than townhouses.
Whatever your
personal preference, you should always keep resale in mind. If you go
off the deep end of the color spectrum, you could affect not only the
value of your house but that of the entire neighborhood.
Written by Al Heavens
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