Painting the Room Vs. Paint Touch Up

When getting ready to sell your home, it can be tempting to cut corners and take shortcuts to save time and money. However, one area you don't want to skimp on is painting. While touch-up painting may seem like a quick and easy fix, it's always smarter to paint the entire room. Here's why:

First Impressions Matter

When a potential buyer walks into a room, the first thing they notice is the color and condition of the walls. If the walls are dingy or have scuffs and scrapes, it can give the impression that the home hasn't been well-maintained. Even if the rest of the home is in great shape, a buyer may assume that there are hidden issues that they can't see.

On the other hand, a freshly painted room can make a big impact. It shows that the homeowner has taken care of the property and made an effort to make it look its best. It can also make the room feel brighter, cleaner, and more welcoming, which can help to create a positive first impression.

The Cost of Touch-Up Painting

While touch-up painting may seem like a good way to save money, it can actually end up being more expensive in the long run. If you only paint the areas that need touch-up, the color may not match the existing paint. This can be especially noticeable if the original paint has faded over time or if the touch-up paint has a slightly different sheen.

Once the touch-up paint has been applied, it can also highlight other imperfections in the room. For example, if the baseboards or trim are scuffed or dirty, the fresh coat of paint on the walls can make them stand out. This can create an overall impression of a poorly maintained home, which can be a turn-off for potential buyers.

A Better Return on Investment

If you're thinking about selling your home, you want to get the best possible return on your investment. While painting the entire room may seem like a big expense, it's actually one of the most cost-effective ways to improve the value of your home.

According to a 2021 report from Zillow, homes with fresh paint sold for an average of 1.5% more than homes with dated or faded paint. This may not seem like a huge difference, but it can translate to thousands of dollars in added value for your home. Plus, a freshly painted home is more likely to sell quickly and for a higher price, which can help you to move on to your next adventure sooner.

In today's competitive real estate market, it's more important than ever to make your home stand out. By investing in a fresh coat of paint for your home, you can create a welcoming and inviting space that will make potential buyers fall in love. So, if you're thinking about selling your home, don't cut corners on painting – it's always smarter to paint the entire room.

Market Update

In recent months, the real estate market has remained strong, with high demand and low inventory driving up prices in many areas. According to the National Association of Realtors, existing home sales increased 1.4% in June 2021, marking the fourth consecutive month of gains. However, low inventory remains a challenge, with total housing inventory down 18.8% from a year ago.

Real Estate News

In other real estate news, the Federal Reserve has signaled that it may begin tapering its bond purchases later this year, which could lead to an increase in mortgage rates. However, experts predict that any increase will be gradual and may not have a significant impact on the overall real estate market.

Additionally, the rise of remote work has led to increased demand for homes in suburban and rural areas, as many people seek more space and a quieter lifestyle. This trend is expected to continue in the coming months as more companies adopt flexible work policies.

Conclusion

When it comes to selling your home, painting is one area where it's always smarter to go the extra mile. Whether you're looking to make a good first impression, save money in the long run, or get a better return on your investment, a freshly painted room can make all the difference. So, before you put your home on the market, take the time to paint the entire room – you'll be glad you did.