Whether you’re considering putting your house up for sale or if you’re looking for a way to increase the value of your home, a fresh coat of paint will add additional value to your home more than justifying the cost of hiring a professional painting company to do the work.
Exterior Painting is Cost–Effective
The average cost for exterior house painting ranges from about $1.50 to $4.00 per square foot. According to surveys conducted by Homelight in 2019, the ROI (Return on Investment) rate on homes with fresh paint jobs is approximately 152%. Thus, investing $4,000 for painting the exterior of your home will add $10,080 in value to your home making the investment well worth the cost.
Curb Appeal and Home Value
A fresh paint job generally indicates the owners of the home have taken pains to insure the property is well-maintained. If passersby see peeling, cracking paint, gutters falling-off or in disrepair, un-mowed lawns, overgrown bushes, driveways with weeds, etc., the general impression is the property is not being maintained even if the interior of the home is immaculate. A newly painted home always looks cleaner, fresher and more appealing.