Don't wish it away
Don't look at it like it's forever
Between you and me I could honestly say
That things can only get better
And while I'm away
Dust out the demons inside
And it won't be long before you and me run
To the place in our hearts where we hide
And I guess that's why they call it the blues
Time on my hands could be time spent with you
Laughing like children, living like lovers
Rolling like thunder under the covers
And I guess that's why they call it the blues
Little did Sir Elton John ever consider that his 1983 hit, I Guess That’s Why They Call It the Blues, would have an entirely different meaning in 2019, especially when relating to the color blue and its impact on the value of your home. There are numerous factors that affect home prices, most notably, location, school district, access to public transportation, and the date and extent of remodeling projects, among others. However, a recent Zillow analysis found that a fresh coat of paint in the right color may help sell a home for more money. Zillow discovered that homes with rooms painted in shades of blue or light grey may sell for as much as $5,400 more than those painted white. In its Paint Color Analysis, Zillow looked at more than 32,000 photos of recently sold homes to determine how certain colors affected average sale prices compared to similar homes with white walls.
One of the most important rooms where color affected the resale price was the bathroom. Bathrooms painted or tiled with shades of powder blue or light periwinkle sold for $5,440 more than expected. Light blue had the highest premium of any color found in the home. Other colors that resulted in price premiums included cool, natural tones such as gray or oatmeal.
Blue bathrooms commanded the highest premiums. Homes with blue or soft gray-blue kitchens attracted more than $1,800 more than those painted white. Zillow’s chief economist, Svenja Gudell, explains, “Painting walls in fresh, natural-looking colors, particularly in shades of blue or pale gray, not only make a home feel larger, but also are neutral enough to help future buyers envision themselves living in the space. Incorporating light blue in kitchens and bathrooms may pay off especially well as the color complements white countertops and cabinets.”
Would you like us to show you how to use color to generate more greenbacks when you sell or enhance the value of your bath while you live in your home? Please give us a call to discuss what’s possible at (215) 454-2258 or visit our showroom at 127 S Easton Rd. Glenside, PA 19038.