Study: Paint Colors Affects House Price
Homeowners looking to sell should immediately paint their slate gray walls a new color, according to findings from Zillow Digs, a website where users can browse millions of photos for home improvement and design inspiration.
Zillow Digs analyzed photos of nearly 50,000 homes sold across the U.S. over the last 10 years and determined that a room’s paint color influences the selling price.
The report took into account the wall color and the type of room, with controls for all other wall colors, square footage, the age of the home, the date of the transaction, and the location.
Creamy yellow or wheat-colored kitchen walls were most alluring to buyers, increasing a home’s sale price by as much as $1,360 above the expected Zillow estimate (or Zestimate). Light green and khaki were also popular, with bedrooms painted in those colors fetching $1,332 more than expected. Purple was found to be a nice fit for dining rooms, and homes with mauve, eggplant, or lavender walls earned $1,122 above the expected price.
When it comes to colors that exert a less-than-positive influence on home price, buyers shied away from terra-cotta and orange-toned living rooms (houses with these hues sold for $793 less) and dark-brown bathrooms ($469 less than normal). But slate and dark gray hues were found to be the biggest turnoffs. Homes that featured dining rooms in those colors sold for $1,112 less. Lighter grays, particularly living rooms painted in a dove tone, fared much better, earning $1,104 more than expected.
White and eggshell-color in kitchens, surprisingly, could also have a negative effect on a home’s sale price. Generally a popular choice for designers because of the color’s versatility and clean, timeless appearance, homes with kitchens painted white sold for $82 less than expected.
“A fresh coat of paint is an easy and affordable way to improve a home’s appearance before listing,” said Svenja Gudell, Zillow chief economist, in a statement. “However, to get the biggest bang for your buck, stick with colors that have mass appeal so you attract as many potential buyers to your listing as possible. Warm neutrals like yellow or light gray are stylish and clean, signaling that the home is well cared for, or that previous owners had an eye for design that may translate to other areas within the house.”