In June, Zillow released it’s 2018 Paint Color Analysis finding that certain colors can increase or decrease the value of a home. Read on to see some of their findings.
- Zillow looked at 135,000 photos of homes sold between January 2010 & May 2018 across the country to see how paint colors impacted sales.
- The analysis controlled for other wall colors within each room type, square footage, home age, and zip code ZHVI in the listing month.
- Homes with a dark door sell for $6,271 more than expected.
- Three paint colors decreased a home’s value
According to Zillow’s research, these colors may increase the value of your home.
Homes with black or charcoal gray front doors sell for $6,271 more than expected, the highest sales premium of all the room and color combinations analyzed.
Tuxedo kitchens, or kitchens where the upper and lower cabinets are painted in two different colors, sell for a $1,547 premium. White cabinets contrasted by a dark navy blue or black kitchen island were some of the most common tuxedo kitchens in top-performing listings.
According to the report, bathrooms with blue or gray-blue tint increased a home’s value by $2,786.
According to Zillow’s research, the following colors can decrease the value of your home in the eye’s of buyers.
Remember that they way you sell a home is much different than the way you live in it. So, if you have any of these colors in your home don’t take it personally.
According to the research, kitchens painted red (or in that general color family such as brick), sold for $2,310 less.
Homes with “creamy bright yellow to a flax yellow and warm yellow with brown undertones” decreased a home’s value by $3,408.
Dining rooms with a ‘oat brown to medium sandy brown paint with yellow undertones decreased the home’s value by $1,684.
Interested in finding out how much your home is worth? Have a complimentary CMA prepared for your home.
If you've been thinking about buying your next home and aren't sure where to start when it comes to buying & selling at the same time, this step-by-step guide is for you!