A simple change can really pay off.
When it comes to selling your home, every tip and trick can help, a recent analysis by Zillow, showed that painting just one room of your house can translate into a lot more money in your pocket.
Zillow's 2017 Paint Color Analysis looked at more than 32,000 photos from homes sold around the country to whether certain paint colors effected sale price. Turns out that homes with blue bathroom walls sold for around $5,400 more than other homes. "Color can be a powerful tool for attracting buyers to a home, especially in listing photos and videos," says Svenja Gudell, Zillow chief economist, said in a statement. Homebuyers really like color, apparently, because sellers that had classic white bathrooms sold for an average of $4,035 less than similar spaces.
Anyone who has watched a lot of HGTV may not be all that surprised by this report. After all, a blue or grey color scheme is regularly used on Property Brothers, Flip or Flop, and on Fixer Upper. If you flip through Fixer Upper’s best bathroom updates, many of them feature that muted, calming color scheme. It creates a classic style that is both modern and cozy and works well in bathrooms as well as living rooms, dining rooms, and bedrooms—and homebuyers are noticing. While the increase in sales price was most notable in the bathroom, the blue-grey tones raised selling prices in other rooms, too. Homes with bedrooms painted in shades of light blues sold for $1,856 more, while dining rooms decorated in shades of slate blue to pale gray blue went for $1,926 more.
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Homebuyers love of light grey colors even extended to outside the home. According to Zillow, homes with an exterior painted in “Greige” (that’s a mix of light gray and beige) sold for $3,496 more than similar homes painted in a medium brown or tan stucco. Zillow may have discovered the fact, but we know who is really behind this trend—HGTV. We knew those hours watching HGTV would pay off eventually.