Your home’s value fluctuates based on a number of factors. Some of those factors are fairly obvious: rowdy neighbours, the quality of nearby schools. Others are a little more surprising. The wrong paint colour, for example, can drop your home’s selling price. Photo by Nathan Guy.
Business Insider reports:
The colour of your home is one of the first things a buyer will notice. If it stands out in your neighbourhood, it could torpedo your home’s selling price. The same goes for the interior. A bright-pink living room could discourage potential buyers, as they may not be able to picture themselves in that home.
It doesn’t even have to be as extreme as a hot pink living room, though. In this Zillow thread, pretty much every realtor agrees: you should stay neutral. They add that it also depends on your location. A bolder colour might work in one area, but that may not go over so well in another. At any rate, here’s one realtor’s suggestion:
Bold or unusual exterior colour can negatively affect a home’s sale price, because buyers will want to re-paint, which would cost them money. Drive around your neighbourhood and see what the five most popular exterior colours are; then pick your favourite. Just don’t choose the same colour as either of your next-door neighbours so your house will stand out from theirs.
For more factors that can affect your home’s value, head to the original post, below.
11 things that will trash your home’s value [Business Insider]