The exterior of a home plays a huge part in the interest of potential buyers. The exterior is usually the first thing potential buyers see, and the color of the exterior can play a big part in driving their emotions.
So, how does the siding or exterior color of your home affect its resale value? What types of colors offer the best resale value and make buyers more likely to buy your home? What colors should you stay away from?
The Importance of Curb Appeal
If you’re planning on putting your home on the market, don’t underestimate the importance of your home’s curb appeal. Everything from the landscaping to the front door to the siding contributes to the first impression for home buyers.
As soon as they pull up in front of your home, they’ll get either a positive, negative, or neutral reaction. If they have a negative first impression, it would take a lot more to change that impression. Many home buyers don’t realize this, but the look of the outside of a potential home is high on their list.
When a potential home buyer has a positive first impression, they’re more likely to buy. When you can make them feel great as soon as the tour begins, that feeling is likely to stay with them the entire time.
A strong curb appeal will also make your home competitive with others in the market. Many home buyers will look at potential homes online before they see them in person. Seeing a beautiful exterior will make them more likely to check out your home in the first place.
How Exterior Color Affects Home Value
The color of your home’s exterior plays a big part in its curb appeal. With a strong curb appeal, you can list your home at a higher asking price. So, the color you choose is important. But how does the color add or take away from your home’s value?
When you’re looking for the right color for your home’s exterior, you have to take a few factors into consideration:
- Architectural style: The color you choose should match the style of your home. Some home styles have expected colors. A coastal beach house would look great with a pop of color, like blue or green. But you wouldn’t paint a colonial those colors.
- The vibe of the neighborhood: If you live in an eccentric neighborhood, you could paint your home a more unique color. But, if you’re surrounded by more traditional or conservative home designs, it wouldn’t be as acceptable to paint your home a color that would make it stand out.
- Homeowners Association requirements: If your neighborhood has a homeowners association, they might have restrictions on how your home looks. Be sure to follow those requirements if you’re changing the color of your home’s exterior.
These aren’t rules per se, but ignoring them could cause your home to be valued lower than you want. Your home should reflect your own tastes, style and preferences, but it’s important to keep these in mind if you’ll be putting your home on the market.
Best and Worst Siding Colors for Resale Value
While you can choose to paint your home any color, some are better than others when it comes to resale value. You may love your home with purple siding and orange trim, but potential buyers may not feel the same way.
Here are some of the siding colors that offer the best resale value for your home:
- Light neutrals: An off-white or wheat color is a better pick than pure-white for your home’s exterior. Light neutrals are a great pick because they go great with other darker neutrals and other colors to give details to your home’s exterior.
- Shades of blue: The best shades of blue are on both ends of the color. Deep blues add a gorgeous hue to your home and lighter blues look great on some styles of homes.
- Grays: You can never go wrong with any shade of gray. It looks great with almost any architectural style and can be used with any other color, too.
- Light browns: Some darker browns can give a boring look to your home, but a light brown, taupe, or beige adds a soft, inviting feel to your home.
The siding colors to stay away from are the ones that will make your home look garish and out of place. If resale value is a concern, these are a few shades to avoid when picking a color for your home’s exterior:
- Bright blue
- Mustard yellow
At the end of the day, the color of your home should be something that you love. But remember that you can boost the value of your home during the selling process by painting it the right color.
If you’re considering updating the siding of your home before selling or want to install better siding on your new home, Sunshine Contracting has a wide selection of colors to choose from. Contact us today to see how we can help you add to your home’s curb appeal and, as a result, its overall value.