How Color Affects The Selling Price Of Your Home

Posted by wadmin on Friday, July 1, 2016

Stonebridge Mortgage Group_3 easy painting projects that'll brighten your home

What color you rooms are has a lot to say about you but it can also have an impact on potential home buyers. This impact can lead to more or less on the final sale depending on the color.

Color-painted walls register not just to residents as a sign of comfort, but to buyers as a sign of taste which elicits similar feelings. When considering a home, potential buyers gravitate towards painted rooms. A nice coat of colored paint on a wall fires off all sorts of connections in the brain. It tells the potential buyer that the people who lived there cared for the house, that it’s in good shape and worthy of decorating. It says “welcome” and “stay a while”.

In the study carried out by the real estate company, they found that there were significant patterns in purchase prices of homes that had interior colored walls. Kitchens that were painted yellow, bedrooms that were painted green, dining rooms that were painted purple and living rooms that were painted grey, all sold over $1,000 over their market’s price. In comparison, kitchens that were white, dining rooms that were grey, and bathrooms that were brown priced between approximately $100 to $1,000 under the market value. So I think it’s safe to say that we prefer cheery colors to basic or muted colors — those give off a different and less than homey vibe.

While the vast difference between prices might seem surprising, the effect that colors have on our mentality is an age old concept called chromotherapy. Our feelings are directly influenced by the colors we surround ourself with.

If you need any buying or selling service, we are here to help. Check out all Stonebridge Mortgage’s services.

SRC: www.bustle.com/articles/170074-paint-your-house-these-colors-to-sell-it-for-more-money

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