There are many home improvements that can be done to increase your property value and offer additional benefits at the same time. For instance, you can upgrade the windows, and while this may have an aesthetic function, it will also help you save money on your utility bills. You can also renovate your kitchen, which will boost the function and form of a very important room of the house. When you consider the possibilities, adding a fresh coat of paint to the exterior of your home may seem very trivial, but there are many benefits to performing this particularly home improvement.
Why Painting Your Home’s Exterior Matters
The truth of the matter is that painting actually holds both a functional and aesthetic value to your home. Some of the benefits of painting the exterior of your home will be realized immediately, while other benefits will be realized over a period of time in terms of cost savings. Keep reading to learn seven of these benefits.
Benefit #1: Improve the Overall Aesthetics of Your Property
When you and your family first moved into the house, you could have hated the home’s color or had different tastes. Regardless of whether you loved the color, or even still love the color, you can get tired of the same old color after several years and be ready to make a change. With a new color on the exterior of your home, you will see something brand-new each time you pull into the drive. You will essentially see your home in a new light, and your siding will even appear newer. The aesthetic value of a fresh coat of paint should never be overlooked.
Benefit #2: Increase the Value of the Property
When your home is evaluated by an appraiser, it can help if your home has recently been painted. Major renovation will only provide you with a partial return on investment. For instance, kitchen remodels tend to average about an 80 percent ROI, which means that your property would only increase roughly $8,000 for a $10,000 kitchen renovation. However, you can realize an average of 140 percent ROI for an exterior paint improvement. Therefore, if you spend $1,000 painting the exterior of your home, your property value can increase approximately $1,400.
Benefit #3: Enhance the Curb Appeal of the Property
Remember, the aesthetic value of your property is not only for you. For instance, if you are planning on selling your home now or in the foreseeable future, the curb appeal of your home can be greatly improved with new exterior paint. Curb appeal is independent both of personal appeal and home value; instead, it’s focused on setting the proper tone when a potential home buyer sees your home initially. Ultimately, it is about making a good first impression on potential home buyers. If they are interested in the exterior of your property, they are much more likely to head inside to see the rest and make the purchase.
Benefit #4: Add More Protection Against the Elements
Mother Nature can be incredibly harsh on your home. Wind, rain, snow, hail, fire, and insects are just a few of the natural elements that can cause harm to your home. However, with the right paint, these elements can be resisted—at least to a certain degree. Consider exterior paint as a shield over your home’s siding. It can keep moisture from getting inside, preventing mold and mildew damage. It can even keep insects from inviting themselves into your home.
Benefit #5: Help You in the Identification of Insect Damage
There are a lot of insects that can cause damage to your home, but one insect that tends to do more damage than others is the termite, especially if you have a wood-based home. The sooner you can identify that you have a problem, and address it, the better off you will be. When you add a fresh coat of paint to the exterior of your home, you may be able to identify any signs of insect damage, allowing you to catch the problem early on and stop the infestation before it can get out of control.
Benefit #6: Increase the Lifespan of the Siding
Regardless of the kind of siding that you have on your siding, a brand-new coat of paint can help in extending its lifespan. Many traditional types of siding like vinyl or wood will require replacement periodically in order for your home to remain protected. However, if you keep it freshly painted, you may be able to add several years on that siding’s lifespan and save hundreds or thousands of dollars in expenses over the life of the siding.
In addition, a fresh coat of paint can allow you to repair damage on a temporary basis. For instance, if there are some blemishes in the siding, paint can cover them up. Just keep in mind that paint is only a temporary fix and it should not be used as a long-term fix or as a substitute when your siding is in all-around poor condition.
Benefit #7: Serves as a Practical, Cheap Renovation
When it comes to renovating your home, painting is one of the most economical and effective ways to reface your home. You can often do it for under $1,000. So, if you are wanting to improve the function, appeal, and value of your property without breaking the bank, painting the house may be the way to do it. Just make sure that you are working with an experienced painting contractor and using a high-quality paint to get the most out of your investment.
When you make the decision to paint the exterior of your home, there is more to it than simply selecting a color and applying it to the siding. There are a number of things to keep in mind to ensure that the project gets done properly. Hiring an experienced painting contractor is not as expensive as you think and can help make sure that the work is consistent and lasts. If you would like to learn more or obtain a quote, contact us at Brazos Labor today.