The FINANCIAL -- 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.
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.