Should You Paint Your Property Before Selling? Add Value to Your Listing
Are you planning to sell your property?
If yes, you need to make some changes before listing it on the market.
These small changes can add value to your listing and help you to get a better deal. The simplest and most cost-effective way to get a better deal is by painting the property.
A fresh coat of paint can do wonders to your listing.
You don’t need to approach a financial advisor or a property advisor to make a profitable
transaction. All you need to do is approach a painting company in Chicago.
Add Value To Your Property
This least expensive technique can help you earn better returns. After the initial hit during the
beginning of the pandemic, the real estate market is thriving.
It is the right time to sell your
property as the rates are booming.
However, if you want to earn more on the market price, all you need to do is apply a fresh
coat of paint to make your property look more attractive.
As the property owners have the upper hand in the market, it is wise to invest in painting the
It will help you to quote a better price and earn more profit in a short span of time.
If you are still sceptical about painting your property before selling it, follow this guide.
Here, we will compare the cost of painting with the increase in value to show you how it is more
profitable to paint. We will also highlight the advantages of painting.
Cost of Painting Your Property:
When it comes to painting the property before the sale, you have to consider the cost of the
You can compare the cost with the increase in value to find out if the deal is profitable.
If the cost surpasses the increase in value, it is not wise to invest in painting.
However, if the cost is less and adds more value, you need to invest in the paint job.
Most of the time, it is better to paint the interior as well as the exterior. However, if the
exterior of the property is not much damaged, you need to consider interior painting.
Interior Painting Cost:
Interior painting cost is cheaper than exterior paint as there is less surface area. The current
price of interior painting is $2.00 – $3.50/ sq.ft.
So, the average cost of painting the interior of a
medium sized property will be around $1200 to $2000.
Exterior Painting Cost:
The exterior painting cost is slightly expensive than interior painting.
The current price of exterior painting is between $1 to $3.50/ sq.ft. So, the average cost of painting the exterior of
a medium sized property will be around $1500 to $3000.
However, the cost of painting the property also depends on the type of paint you will use.
You can save on painting by opting for a DIY paint project.
But if your property is huge, it is wise to hire professional painters. These painters can
complete the project in lesser time and give your professional finishing in the painting job.
Should You Paint Your Property Before Selling? Add Value to Your Listing
Increase in Value after Painting:
Apart from calculating the cost of painting, you also need to know the before and after
painting value of the house.
You can simply approach a real estate agent to find out the value
of your property.
As they are professionals, they will help you to determine the before and after value. You can
also use a property value calculator.
It will help you to know the change in value.
As per the recent survey, painting your property can help earn 55% ROI. It means you will
earn nearly twice the cost of painting.
Interior Painting Value:
If you are painting the interior of your property and it costs you around $1000, then it will
offer you a nearly $2000 increase in value. You can enjoy along double profit.
Exterior Painting value:
Similarly, if you are painting the exterior of your property and it costs you around $2000,
then it will offer you a nearly $2700 increase in value.
So, when you compare the cost of painting and increase in value, it is clear that painting will
help you get a better deal.
It is a win-win situation for all. You will earn more money, and the buyer will get a beautiful, ready to move in property.
Now that you know that painting helps in adding value to your listing let’s look at the
advantages of painting.
Here are some of the reasons why you need to paint your property before you sell it.
Adds Value to Your Property:
The main reason why you need to paint your property before selling it because it adds value.
For example, without a paint job, you will get $250,000 for a property.
But after painting it, you can get $255,000. It will help you to strike a better deal in the market and make quick
Appeals to Buyers:
Secondly, it appeals to the buyers. Everyone likes to purchase a well-maintained, clean and
If you paint your property before selling it, it will be in more demand and attract more buyers.
Creates a Better First Impression:
Painting your house helps you to create a better first impression on the buyers. It takes only a
few seconds for a buyer to make up their mind.
If your house is physically appealing, they will be more interested in buying it.
Hides All The Flaws:
This is one of the biggest advantages of painting. When you paint your property, it hides all
the other flaws.
For example, if you have a well-painted house, nobody will mind if the fence is broken or the garden is not maintained. It helps you to save on other expenses.
Ready to Move In House:
Buyers like to purchase a property that is ready to move in.
If the buyer is in haste or looking for immediate accommodation, they will easily offer you a better price for a simple coat of
Attracts More Buyers:
A good paint job attracts more buyers. Nowadays, it’s all about vibes.
When you apply a new fresh coat of bright colours, it helps you to create more friendly and positive vibes, which
attracts more buyers.
Sells Out Quickly:
If your property is already painted and in good condition, it will sell off pretty quickly.
You don’t have to wait a long time to finalize the listing.
Research shows that a newly painted
house can sell as quickly as in just a week.
Less Negotiation Power:
If your house is damaged and in bad condition, buyers will take advantage of it and negotiate
However, when you present a well-painted house, they will not have much
However, when you present a well-painted house, they will not have much negotiation power.
Highlights Features of the House:
Paint helps you to highlights the features of the property.
For example, if you have a beautiful garden outside, you can use contrasting colours to highlight the features of the house, i.e.
wide window, tall ceilings, wooden frame, etc.
Good Online Pictures:
When you paint the property, you can take good pictures to upload online for the listings.
90% of buyers offer the deal on the basis of online pictures. It will help you to get more
Things to Consider When Painting:
If you are planning to paint your property before listing it, here are some things you need to
consider. It will help you to make a better decision in choosing the painters.
Prioritize Certain Rooms and Walls: The first thing you need to consider is
prioritizing certain rooms and walls.
For example, if you are not painting the entire house, you can prioritize the living room and all the big walls and space in the house.
Interior Painting: If your interior paint is more damaged, you need to paint the
interior. In this case, you can skip exterior paint.
Exterior Painting: It is not really necessary to paint the exterior of the house unless it
is in very bad condition. However, it helps you to create a better first impression.
Paint Color Choice: You need to choose the paint colour or interior as well as
exterior painting. In order to make the house look lively, use neutral colours or bright
colours to paint the interior.
It will make the property look spacious. As for the exterior, it is better you combination of three neutral colours. It will make the property
Repair Damage: If the paint is not in bad condition but only needs repair, you can
opt for repairing the damaged paint.
Paint Touch-Up: If the paint only needs a touch-up, you can use the same colour and
apply the coat directly for touch up.
Paint Type: You need to choose the type of paint as well. Use flat paint or eggshell for interior
and exterior paint for painting the outside area of the property.
DIY or Professional Painters: You can either DIY paint or approach professional
It is best to hire painters as they have all the necessary tools like a ladder,
paintbrushes, etc. They can finish the job quickly. You will get a quality paint job
Does Painting Really Add Value to Your Listing?
Yes, it is 100% true that painting adds value to your listing. So, if you want to strike a better
deal with the buyer, it is wise to paint the house.
It will not only help you to make more money but create a better impression on the buyer. As there will be less negotiation, it will
create better seller-buyer relation.