Why paint your property?
Painting both the interior and exterior of your property is a very cost effective way to increase the value of your home.
A fresh coat of paint may seem like a trivial, or superficial upgrade.
However, there are some key logistic benefits to painting your home or property.
Painting holds both aesthetic and functional advantages for your property. Some of these are immediate through improving the quality of your building, while others accumulate over time as cost-saving measures.
Here are seven benefits of exterior house painting.
1. Better aesthetics
Don’t neglect the aesthetic value that house painting can bring; you’ll see something newer and livelier every time you pull in the driveway, and that goes beyond a simple colour choice.
A fresh coat of paint can make your surfaces seem newer, putting your whole house in a different light or even era!
2. Objectively increased home value
When the appraiser comes to evaluate your house, a recent house painting job can have a major effect on the final value. Some major renovations only offer a partial return on investment; for example, kitchen remodels average only an 80 percent return on investment. This means a $10,000 kitchen makeover would only increase the value of your home by an average of $8,000. Exterior paint, on the other hand, offers a much more attractive return of up to 141 percent. If you end up spending $1,000 on house painting, you can expect a home value increase of roughly $1,400—which is like earning $400 of extra value on top of the job paying for itself.
3. Better curb appeal
The aesthetic value of your house isn’t just for you; if you’re interested in selling your home, an exterior paint can greatly increase your potential curb appeal. Curb appeal is independent of both home value and personal appeal (though it’s related to those factors); instead, curb appeal is all about setting the right tone when a prospective buyer sees your home for the first time. Think of it as getting your “foot in the door” for a potential sale—if they like the appeal of the exterior, they’ll be far more likely to venture in for more details and stand a better chance of actually buying.
4. Increased protection against the elements
Nature can be harsh on your home. Rain, wind, sleet, snow, insects, and fire are just a handful of the natural elements that could potentially damage your home—and the right paint can resist nearly all of these (to a degree). Think of paint as a protective, shield-like an outer coating for the cladding of your house. It can prevent moisture from seeping into your home, preventing financial and health costs of mold and mildew damage. It gives an extra layer of protection against direct precipitation damage. It can even stop insects from infesting your exterior.
5. Proactive identification of insect damage
Speaking of insects, termite damage is a major killer for wood-based homes; being able to identify this problem (and address it) proactively is crucial if you want to save yourself costs in foundational repairs. Evaluating your home’s exterior before adding a fresh coat a paint can help you identify any possible insect damage early, and adding the paint itself can help stop an infestation in its tracks.
6. Increased lifespan of cladding
No matter what type of cladding you have for your home, a new coat of exterior paint can help increase its lifespan. Most traditional forms of cladding, such as wood, will require replacement after a period of time to keep your home protected—if new paint coatings can be applied, they can add years onto the claddings lifespan and save hundreds, thousands, even tens of thousands in repairs and replacements of timber.
7. Practical costs
To top it all off, house painting is one of the most cost effective and best returns you can make on your property. If you’re looking for a budget-friendly way to improve the value, appeal, and function of your house, there are few improvements as practical as house painting. Be sure to choose a high-quality paint and Whisk Renovators to maximize the value of your investment.