Looking to sell your condo and want to get the best price possible without breaking the bank on improvements? Paint may be just the trick that can help you sell fast and for the price you want.
According to online real estate listings like Zillow, there are 920 condos for sale in and around Boston (as of this writing). With the median price of single home properties has increased by 44% in the past five years, many young people are hoping to step into the real estate market through a condominium purchase.
This is good news for Bostonians hoping to sell. However, there are still some things that you can do to help make your condo stand out from the rest when potential buyers come for an open house. If renovating your kitchen or bath is not in the cards due to budget or time, then paint may be a great option to make your condo look and feel fresh and new.
Painting is one of the less expensive and most impactful improvements you can make as you prepare your condo to sell. Here is why:
Fresh Paint Gives Positive First Impressions
A fresh coat of paint can be a positive first impression to house hunters. The largest square space of any home are the walls and ceilings. If there are chips, stains, scuff marks, or peeling paint, the potential buyer could be turned off. A new coat of paint can give a room a new look that appeals to many buyers. Making a good first impression is important since most buyers make up their minds within the first few minutes if they are even going to consider your condo a potential option.
Fresh Paint Means A Well Maintained Home
Paint has a way of conveying a message to potential buyers that the home is well maintained if it shows no signs of wear-and-tear. Buyers like to know that the interior of a condo has been properly cared for and well-painted walls, ceilings, and trim communicate that message clearly.
Proper Colors Let in Natural Light
House hunters today are looking for light and airy spaces to call their own. Even if your condo is not especially light-filled or airy, paint can help make it feel that way. Choosing light or neutral colors can lighten up a space, and make it feel more open. Cover up dark paints that can close in a room or make it feel dated or small.
Paint Appeals to a Wide Range of Tastes
In order to make your house appeal to a large number of potential homebuyers, painting interior walls with neutral paint colors is advisable. Neutral colors like white, beige, tan, and cream provide a blank canvas for homebuyers. Try not to pick a color that is trendy, or may be off-putting to certain groups. Outdated paint colors negatively affect the overall appeal of your real estate property, so a new coat of paint modernizes and updates your home.
While it is hard to estimate the return on your investment when it comes to painting, realtors do agree that it is worth the time, effort, and cost to have a fresh coat of paint on the interior of your condo before placing that for sale ad. Check with your association and your realtor before beginning any improvements so you can make the most of your budget and efforts.