Color Me Blue
As we know, the holidays are all about colors. Red, green, gold, you name it. All the colors we love on our street lights, on our trees, in our candles. But did you know that home décor is also all about colors? Especially if you’re thinking about selling your home in the New Year? Or wondering what color you should paint your home to give you the best return on your money when you do decide to do sell. Well guess what? It’s all about Blue these days!
Consider this: A recent Paint Color Analysis of over 32,000 homes sold found that homes with blue bathrooms (often powder blue or periwinkle) sold for $5,400 more than expected. The bathroom color you’ll want to avoid when selling your home? White! Houses with white, off-white, or eggshell white bathrooms sold for $4,035 less than similar homes. Top performers other than blue were those painted in cool neutrals, like light gray or oatmeal.
Blue works its magic in other rooms too. Homes with soft blue kitchens sold for about $1,809 more, while yellow kitchens brought prices down by $820 on average. In the dining room, walls coated in slate blue, gray blue, or navy blue with white shiplap were worth $1,926 more, and red dining rooms took a $2,031 hit (yikes!). Blue bedrooms (light cerulean to cadet blue) added $1,856 to a home’s worth; compare that to pink bedrooms, which saw a slight decrease in sales price ($208). Even painting the front door gray or blue bumped house prices up $1,514.
The only room where it doesn’t pay to go blue? The living room. Homes with blue living rooms suffered $820 on average, whereas brown living rooms (whether light beige, pale taupe, or oatmeal) sold for $1,809 more.
And what’s the best exterior color for selling a home? Try greige–a mixture of gray and beige. Properties painted this shade added $1,526 to the selling price. But avoid brown on the outside. It brought homes down by $1,970.
Full Analysis Findings
Blue (light blue to soft gray-blue): +$1,809
Yellow (straw yellow to marigold): -$820
Blue/purple (light powder blue to periwinkle): +$5,440
White/no color (off-white or eggshell white): -$4,035
Blue (light cerulean to cadet blue): +1,856
Pink (light pink, to antique rose; often found in kids rooms): -$208
Blue (slate blue to pale gray blue; navy blue with white shiplap): +$1,926
Red (brick red, terracotta, or copper red): -$2,031
Brown (light beige, pale taupe, oatmeal): +$1,809
Blue (pastel gray, pale silver to light blue, periwinkle): -$820
Gray/Brown (greige—mix of gray and beige): +$1,526
Brown (medium brown, taupe, or stucco): -$1,970
Gray/Blue (navy blue to dark gray or charcoal): +$1,514
Bottom line? While you’re enjoying the gold of a burning fireplace, the green of the Christmas tree, the red of the candy cane, remember this: your house colors matter too. A Lot!