Should I Paint My Honolulu House to Increase Its Resale Value?

If you're considering selling your Honolulu house, you may be wondering if painting it is worth the investment. The short answer is yes! A freshly painted house can add significant value to your home, making it more appealing to potential buyers.

In fact, according to Zillow, a recently painted house can sell for up to 10% more than a similar home with an outdated exterior. So, the question is not whether "does painting a house add value?", but rather, how much value does painting a house add?

Does Painting a House Improve Increase Value & Improve Curb Appeal in Hawaii?

When it comes to ramping up your home's resale value, painting is a beloved choice among many homeowners. Of course, it refreshes and beautifies the look of your house, but more importantly – it boosts curb appeal in ways that will make a potential buyer take notice.

A freshly painted exterior can give off an inviting vibe while increasing the worth of your property compared to similar homes nearby.

How Much Does Paint Increase Your Property Value?

You might be hesitant to start a big repainting project, especially for the exterior of your home. You may be wondering, “does painting my house increase its value, really?”. The answer to how a fresh coat of paint affects property value isn’t so simple. There are a variety of cost and benefit factors to consider. 

• How big is your home? This is the first thing to bear in mind since this likely isn’t a paint job you can pull off by yourself. You’ll need enough paint and workers to make the necessary home improvements. 
• How much of your home needs repainting? If it’s just parts of the interior that need paint, you’ll have a very different final outcome from an exterior paint job. Repainting the exterior will have the highest return on investment, but will be more costly. You might just consider a fresh coat of paint on the front door to raise curb appeal. 
• What paint colors and types are you using? High-quality paint in the right paint colors will have a great effect on the home’s value. Shades of blue and gray tend to do best with buyers, and while quality paint might be pricier, it comes with the potential for a significantly higher offer. 
• What is the cost of labor and materials? Before hiring a painting company, discuss what they include in their fees. Ensure that inspection, preparation, cleaning, and painting are all part of the deal. A paint job can also require materials other than just paint, which quality painters will provide. 
• What is the siding of your house made of? Though you can paint any siding, the material will have a big impact on your home’s value. Metal is generally the easiest and cheapest to paint, while cement is the opposite. Consider whether you need to replace your siding or if you’re happy as is. 

How Does Painting a House Exterior Increase Value?

So does painting your home add value? And if so, how much does exterior paint increase home value? Exterior paint can make a significant impact on your home's overall value. It can enhance curb appeal, protect the home from the elements, and create a more modern and updated look. In addition to painting the walls, there are several other exterior features that can benefit from a fresh paint job. Here are some examples:

• Trim Packages: Give the property a more cohesive and polished appearance; can add value to your home by making it stand out and look well-maintained;
• Garage Doors: Enhance their appearance and increase the perceived value of the property; an especially impactful update if the garage door is newer but needs a color update;
• Exposed Foundations: Create a more uniform look and hide any unsightly blemishes; this leads to a more polished look and an increase in home value.
• Siding: Enhance color and shine, making it look more appealing to buyers; help protect it from the elements, which can increase its longevity and overall value;
• Sidewalks: Make them look cleaner and more polished; a freshly painted sidewalk can give buyers the impression that the home has been well-cared for and maintained;
• Pool Deck Staining: Create a more cohesive look and make the area look more inviting; a major selling point for buyers who want a relaxing outdoor space.
• Deck Staining: Create a more cohesive look and enhance the overall appearance of the outdoor living space; create a warm and welcoming atmosphere, which can be appealing to buyers; help protect the deck from the elements, which can increase its longevity and overall value;
• Concrete Porch: Give the area a more polished look and create a cohesive color scheme with the rest of the exterior; especially impactful if the porch is visible from the street or if it's a focal point of the home's entrance;
• Fences: Help create a more cohesive and uniform look to the exterior of the home; enhance curb appeal and make the property more attractive to buyers; help protect them from the elements, which can increase their longevity and overall value;

So does paint affect appraisal and does painting your house add value? Yes to both. But when considering the value of exterior painting, it's important to keep in mind the factors that can affect the cost and benefits of the project. 

This includes the size of your home, the amount of paint needed, the type and quality of the paint, the cost of labor and materials, and any necessary repairs or prep work.

How Does Interior Paint Increase Home Value?

When looking to increase a home's resale value, don't overlook the impact that interior paint can have. A fresh coat of paint can enhance the appearance of a home's interior and make it more appealing to prospects. Here are some of the areas to consider painting:

Kitchen Cabinets 

Kitchen cabinets are often a focal point of the room and can make a significant impact on a buyer's impression of the space. Repainting or refinishing outdated cabinets can give them a modern, updated look and make the kitchen more inviting.

Bedroom

A fresh coat of paint in the bedroom can create a relaxing, inviting space that can be a selling point for potential customers. Neutral, calming colors are often the best choice for this area.

Bathroom: A clean, updated bathroom can make a significant difference in a home's value. Repainting the walls and updating the vanity can go a long way in creating a spa-like atmosphere and making the space more appealing.

Baseboards

Baseboards are often overlooked but can make a significant impact on the overall look and feel of a room. Repainting them can help give a room a more finished, polished look.

Walls 

Repainting the walls with neutral, on-trend colors can help people envision themselves living in the space and make it more appealing. Neutral colors such as grays, beiges, and whites can make a room look brighter and more spacious.

So to those still wondering “Does painting increase home value?” and "Is it worth painting a house before selling?", the answer is absolutely! 

Investing in interior painting is a cost-effective way to dramatically boost your home's resale value. By transforming the walls of your home into an attractive and inviting space, you can effectively make it more appealing.

Better still, this could result in higher offers and a faster sale.

Why Does Painting My House Increase Its Value?

Investing in painting your Honolulu house before selling is a smart move that can significantly increase your home's resale value. But how much value does painting your house add?  Here’s some insight:

Make a Strong First Impression

Your home’s exterior is the first thing buyers see, and a freshly painted exterior can create a strong first impression.

This can make your home more attractive to the majority of the population, leading to more showings and higher offers.

A well-maintained exterior gives the impression that the entire property has been well-cared for, and that can be a significant selling point for buyers. Repainting your home's exterior can also increase its curb appeal, which can further enhance its value.

Worn Out Siding Sends a Bad Signal

Peeling, faded, or chipped paint can give other people the impression that the home has not been well-maintained. It can be a turn-off and make them wonder what other aspects of the home may have been neglected.

This can negatively affect your home's value and lead to lower offers. A freshly painted exterior can solve this problem and help your home look well-maintained and up-to-date.

Build Trust Between Yourself and Buyers

A freshly painted home can help build trust between yourself and potential purchasers. It shows that you care about the property and have taken the time to ensure it is in top condition.

This can make prospects more confident in their decision to purchase your home, potentially leading to higher offers and a quicker sale. A well-painted exterior can also help protect your home from weather damage, which can further increase your home's value.

Remove Hazardous or Harmful Paint

If your home was built before 1978, there may be lead-based paint on the exterior or interior. Repainting can help remove any hazardous or harmful paint and make the home safer for occupants.

This can increase your home's value and appeal to health-conscious buyers. By addressing this issue, you can make your home more marketable and appealing to a wider range of buyers.

Increase Curb Appeal

According to a study by Zillow, homes with a new coat of paint can sell for up to 10% more than similar homes with outdated exteriors. A freshly painted exterior can significantly enhance your home's curb appeal, making it more attractive to buyers.

The value in painting can be a significant return for what’s honestly one of the least expensive investments. A well-painted exterior can also make your home stand out in a competitive market, leading to higher offers and a quicker sale.

Increase Marketability

A freshly painted home is more marketable, making it more likely to sell quickly and at a higher price point. Potential buyers are more likely to be interested in a home that looks well-maintained and move-in ready.

This can lead to more offers and potentially a bidding war, increasing your home's value even further.

By investing in painting your home before selling, you can make it more marketable and appealing to a wider range of purchasers.

Whether you're looking to sell soon or in the future, consider the value of painting your home. It can make a significant difference in your home's appeal and value, and ultimately lead to a more successful home sale.