SEATTLE, June 23, 2016 /PRNewswire/ -- A home's paint
colors can have a notable impact on its final sale price. According
to a new analysis from Zillow Digs, for-sale listings with rooms
painted in sage green or wheat yellow can sell for as much as
$1,300 more than expected[i].
Zillow Digs analyzed photos from nearly 50,000 sold homes from
around the country to see how certain room type and paint color
combinations impacted their sale price.
Of all the colors analyzed, homes with yellow kitchens, often in
hues of creamy or wheat yellow, yielded the highest sale premium
($1,360 above expected values). Wall
colors painted in other earthy tones like sage green or dove gray
were also present in top-performing listings.
While everyone's style choices are different, there are some
paint colors that could actually deter buyers. For example, homes
with dark or style-specific wall colors, like slate gray or
terracotta sold for as much as $1,100
less than expected. Lack of paint color could also have a negative
impact on a home's sale price as those with white or
eggshell-colored kitchens also sold below expectations.
"A fresh coat of paint is an easy and affordable way to improve
a home's appearance before listing," says Svenja Gudell, Zillow chief economist. "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."
Finding the perfect paint color can be time consuming and
challenging. To help make this process easier, Zillow Digs, the
Zillow® home improvement and design platform, launched a new tool
on its iPhone® and iPad® apps that allows homeowners to virtually
change a room's wall color using real paint swatches. Homeowners
can upload a photo of their own home, or pull their home's image
from a listing on Zillow to instantly see what a new paint color
would look like in that space. Users can also create a custom paint
palette, save and share the images, and even find where to buy that
exact paint color in their area.
Room
Type
|
Color
|
Color Description
(what
this color
looks like in homes)
|
Effect
(how
much more
or
less the home
sold for)
|
Most Common
Metro
|
Kitchen
|
Yellow
|
Creamy or
wheat-colored yellow
|
$1,360
|
Portland,
OR
|
Kitchen
|
White
|
Off-white or
eggshell
|
-$82
|
Miami, FL
|
Bathroom
|
Tan
|
Oatmeal or
beige
|
$283
|
Sacramento,
CA
|
Bathroom
|
Brown
|
Dark brown
|
-$469
|
Phoenix,
AZ
|
Bedroom
|
Green
|
Light green to
khaki
|
$1,332
|
Houston,
TX
|
Bedroom
|
Brown
|
Dark brown
|
-$236
|
Houston,
TX
|
Dining
Room
|
Purple
|
Mauve, eggplant or
lavender
|
$1,122
|
Dallas, TX
|
Dining
Room
|
Gray
|
Slate or dark
gray
|
-$1,112
|
Washington,
D.C.
|
Living
Room
|
Gray
|
Dove or light
gray
|
$1,104
|
Dallas, TX
|
Living
Room
|
Orange
|
Terracotta
|
-$793
|
Baltimore,
MD
|
Zillow Digs
Zillow Digs® is a hub for home improvement and design
inspiration. Users can browse millions of photos of interiors and
exteriors of real homes, organized by space, style, cost and color.
Product tags allow users to easily locate similar products and
accessories as seen in their favorite photos, and patent-pending
Digs Estimates help people understand what it would cost to
recreate the actual bathrooms and kitchens they are viewing. In
addition, Zillow Digs users can collect images, share favorites and
follow others for inspiration, from the Zillow Digs® App for iPhone
and iPad, or on the Web.
Zillow
Zillow® is the leading real estate and rental marketplace
dedicated to empowering consumers with data, inspiration and
knowledge around the place they call home, and connecting them with
the best local professionals who can help. Zillow serves the full
lifecycle of owning and living in a home: buying, selling, renting,
financing, remodeling and more. In addition to Zillow.com®, Zillow
operates the most popular suite of mobile real estate apps, with
more than two dozen apps across all major platforms. Launched in
2006, Zillow is owned and operated by Zillow Group (NASDAQ:Z and
ZG) and headquartered in Seattle.
Zillow, Zillow.com and Zestimate are registered trademarks of
Zillow, Inc.
iPhone and iPad are registered trademarks of Apple Inc.
[i] The Zillow Digs Paint Color Analysis measured how certain
room type and paint color combinations impact the sale price of a
home. Zillow Digs looked at photos from nearly 50,000 homes from
around the country that sold between December 2006 and April
2016, to identify what paint colors may lead to a home
selling for more, or less than the home's Zestimate. The analysis
controlled for all other wall colors, square footage, the age of
the home, the date of the transaction and location.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/homes-with-white-kitchens-sell-for-1400-less-than-homes-with-yellow-kitchens-300289145.html
SOURCE Zillow