Wednesday, December 11, 2019 / by Ariadne Gold
One question I get a lot from sellers, along with “should I complete repairs before selling?” is “should I paint my home before listing it?” The answer to this question depends on your situation.
If you have a personalized interior paint color that won’t appeal to most buyers, I would absolutely suggest painting and going with a neutral color. Even though most people think of painting as an “easy fix”, it can be pricey (depending on the amount of paint and whether you use a professional) and time consuming. It also means that your home isn’t “move in ready” as the buyer will want to paint before moving all their items in. Along with this, I go back to; buyers aren’t imaginative. They will have a hard time seeing past the pink bedroom or green bathroom. This goes for all price ranges, but especially the higher ones. High end homes and purple bedrooms don’t match! Even in the crazy Spokane real estate market, which is heavily weighted towards sellers, you still want your home to appeal to the majority of buyers in order to get the maximum price.
I would also consider the state of the home. Lots of holes in the walls, whether it be from photos, décor, etc. can make a home look badly maintained. Patch and re-paint, but DON’T just cover them up with more photos or décor. That can get you in a lot of trouble!
Exterior paint is a little more complicated, and definitely more costly. Most buyers aren’t going to care too much about the exterior color, unless its bright blue or pink or some other personalized color. However, some loans are very picky about the state of outdoor paint. FHA and VA will require that any chipping and peeling paint (both interior and exterior) be repaired prior to closing. And remember, first impressions are important! A fresh coat of paint can add great curb appeal. If the outside is faded and not in great condition, and its winter and you aren’t able to paint outdoors, consider offering a paint credit to potential buyers.
I hope this helps! If you have any other questions, I’m always here to help. (509) 217-7172