Painting for resale purposes.
House prices in the Toronto area are still climbing.
Not just in the Forest Hill, Rosedale or Bridle Path neighbourhoods. Million dollar homes are now everywhere, even that modest mid town, Leaside or Beaches home is heading there. Million dollar condominiums are everywhere from Harbourfront to North York.
The following is what the Canadian Housing and Mortgage Corporation C.M.H.C. is suggesting are the home renovations with the greatest payback potential:
- Bathroom renovation (75 – 100%)
- Kitchen renovation (75 – 100%)
- Painting home interior (50 – 100%)
Painting the interior of a home seems to be one of the most cost effective way to increase its resale value A fresh coat of paint (or two) will give a house that clean, well maintained look.
How much painting should be done?
If done professionally, surfaces can be repaired of cracks, holes, even old water damage can be repaired. If you think of doing it yourself or hiring the cheapest painter around, think again. Homebuyers are more knowledgeable today than ever. A quick “whitewash” paint job for the sale may have the opposite than the desired effect. A bad paint job can be a big problem. Drips on the walls, messy cutting lines and even worse, splattered paint on wood floors or carpets could make an otherwise nice home look cheap. A good paint contractor knows that the most important part of painting is preparation work. Surfaces need to be washed, patched and sanded. Lack of prep work not only looks bad, but will give the impression of trying to hide something under a paint job.
What colours help the resale?
By keeping the colours fairly neutral, the possible buyers of a home will feel comfortable that after moving in, their furniture will fit right in without re-painting. Not everything has to be a builder’s white but avoid making statements with the colours. Staying away from trendy colours is a good idea. If the house is old with a lot of character, modern, trendy colours will do a disservice to it. Some paint manufacturers have an extensive palette of Historical colours. If the home happens to be a trendy downtown condo or a functional Toronto loft, painting it with modern cooler colours may be preferable.
For the last twenty years Ecopainting Inc has experience working with Toronto area Realtors, helping their clients sell their home faster and for a better price.
Call us at 416 733-7767.
You can also request a quotation for any painting work online.