A beautiful house will instantly catch the eye of potential buyers. Painting the exterior of your home will have many benefits such as:
- Great first impressions
- Curb appeal
- Another form of protection
Painting the exterior of your home can be a lot of work. But is it worth it? According to a study done by RD, curb appeal is vital in the real estate world. It can attract buyers, revive the house, and sell the house much quicker.
So, will painting the exterior increase your home’s value?
It can be tough trying to figure out if it is worth the time, money, and energy. To save you the suspense, the answer is yes. Just by painting the exterior of a house you could instantly boost your home’s value by 2-5%. Not only raising the value but also sell your home much quicker!
Why You Should Paint Your Exterior
There are many reasons to paint your exterior. The obvious is that it just looks good. Also, the paint will actually take a beating as your home’s first line of defense. Painting on stucco exterior will last about 10 years, while a wooden surface will last about 5-7 years. It’s important to keep up with the paint as a home inspector will not accept defective paint.
As stated before, the curb appeal will increase your value. But make sure to do it properly, here are some tips:
- Avoid bright colors
- Paint your door black
- Do not paint yellow
Be cautious of your neighborhood’s rules, as some places are very strict on what you can paint your home. Avoid going cheap on paint, this will create more time, money and effort in the long run.
Average Cost Of Exterior Painting
Painting the exterior will take some work and dedication. Depending on the size of the home, It will cost on average $2,802 to paint the entire exterior.
There are many ways to reduce this cost, the first would be to do the work yourself. If that isn’t an interest you could also choose to do a touch up instead of a full job, this is a lot less work and can be reasonably cheaper. Prices will also change based on the quality of the paint; one gallon of paint will cost anywhere from $17 to more than $100.
All in all, the cost to paint the exterior could be a little frightening but will set you up to earn more on the backend.
DIY Or Hire Professional
Just like any home renovation, there are all kinds of factors on choosing whether or not to hire a professional. For example, should you make sure it’s done properly with a professional or save money by doing it yourself?
Although it costs more, a professional will finish the project typically within 5 days while it would be about 2 weeks for an amateur. A professional also holds the secrets to quality making sure you a get a top of the line paint job! Whether you choose the professional or DIY route, it’s important to know what type of job it will take.
Touch Up Or Full Job
If your exterior happens to be in pretty decent shape, it could save you a lot of money and time. It might only take a little bit of touching up the rougher areas or adding a few accent colors to raise the value of your home.
On the other hand, it might be worth doing a complete paint job, if the exterior is rough or just a bad paint color. To get the best value it will require a nice paint job along with color. According to the PDCA, It’s important to power wash your exterior regularly to avoid any dirt or debris.
All in all, your home’s value can dramatically increase with just 1-2 weeks’ worth of work! Although it can be a little scary and take some work, raising the value by 2-5% will be worth it in the end!
For more great home ownership tips, check out the other blogs on Check This House.