A beautiful, fresh coat of paint on the exterior of your house can give you major first impression points. In fact, a study by Consumer Reports found that exterior paint, including touch-ups, can boost the value of your home by up to 5 percent.
The main area to focus on if you have a small budget is the easy fixes: sections where the trim or molding is rotten or the paint has been chipped off. Small details make a big difference and pay dividends.
If you are planning to do a total redo, though, there are a few things to keep in mind. One way to think about it is following the 60-30-10 rule where a maximum of three different paint colours are used: 60 percent is the body of the house, (like stucco or brick), 30 percent is the garage doors and trim, and the last 10 percent is a pop of colour on the front door and shutters.
And if you’re debating what colour to paint your front door, choose black. According a Zillow Paint Color Analysis report which looked at photos of 135,000 homes to see how paint colours impacted sales, a black front door could increase the price of your home by 2.9 percent – they found that houses with dark charcoal, smoky black or jet black doors sell for an average of $6,271 more than expected.
On the flip side, that same study found that homes painted yellow on the outside sold for an average of $3,408 less than other homes. Play it safe with a solid neutral colour or, for the more adventurous, match the colour to the architectural style and era of the house.