One of the cheapest updates you can make also has one of the best returns on your investment: painting your home’s interior.
“It cannot be underestimated the effect that a clean coat of new paint has on a property,” said William Fastow, a real estate agent with Sotheby’s International Realty. “Most sellers don’t realize how much abuse walls take during ownership until that fresh coat of paint has been applied. New paint lightens rooms, hides visual defects and instantly makes a space feel fresh and clean.”
Painting an interior can produce a 109% return on investment, but could benefit you even more if your home’s colors are unusual. “The colors most people have in their homes are personal, but they should be transitional and appeal to a larger pool of people,” advised Patrick Ryan, a certified residential specialist, senior vice president, and managing broker at Related Realty in Chicago. “Our brokers often suggest Benjamin Moore Gray Owl. It goes with every other color out there — it’s clean and just dark enough to contrast with white boarders and make them pop.”