When Americans buy a house, how homey it looks at a showing can have a huge effect on the sale 
price. That's down to the color of the kitchen cabinets and the presence of outdoor showers.
price. That's down to the color of the kitchen cabinets and the presence of outdoor showers.
According to 2018 Paint Color Analysis, the very color of the paint on the features in a house can add significantly to the final sale price. The analysis measured photos from 135,000 home sales to see how colors affected the price.
The verdict: “Homes with black front doors, tuxedo kitchen cabinets, and periwinkle blue bathrooms sell for as much as a $6,000 premium.” “Tuxedo kitchens, or kitchens where the upper and lower cabinets are painted in two different colors, sell for a $1,547 premium. White cabinets contrasted by a dark navy blue or black kitchen island were some of the most common tuxedo kitchens in top-performing listings.”
“For a seller, painting a front door is one of the least expensive home prep projects, but also one that can have a powerful impact on a home's sale price,” said home designer. 'While cool, neutral wall colors like tan and light blue are still popular, we're seeing a notable shift in home design where pops of color—particularly in darker hues of blue and gray to even black—are becoming increasingly popular.
Contrasting colors, especially in kitchens and home exteriors add interest and dimension to a room that plays very well in listing photos and videos.”
On the other end of this dynamic, properties with more “style-specific colors,” like brick or raspberry red, tend to sell for $2,300 less than expected. Homes with yellow exteriors also sell for less, the report said.
Moving outside the house, studied what terms buyers use when searching for homes online. That study found that fire pits, pools, outdoor barbecues, and even outdoor showers are major attractants. Properties featuring terms like these translated into real numbers in May. According to the report, such terms added an average of nearly $60 per square foot to the value of a property in the states where they most appeared.
Outdoor projects can help boost a home’s value by up to 10 percent.Outdoor showers, barbecue stations, entertainment pools, and firepits are the top projects that researchers found with the biggest potential increases to a home’s price.
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Also, entertainment pools—with enough space around them for others to lounge—could give a home a 26 percent increase in its value. In New York state, homes with such entertainment pools were 224 percent pricier per square foot than those without.Firepits and backyard fireplaces are also proving to be a hot way for homeowners to boost their home prices. Homes with firepits or backyard fireplaces had a 25 percent premium, according to researchers.“Outdoor features can give a home a special quality in the market,”
The term “outdoor shower” had an even larger impact. While only 3.5 percent of listings have the term, the price per square foot, on average, doubled. In New York, listings featuring outdoor showers increased per-square-foot-prices by 256 percent in May.
Less tangible, but enormously telling, listings using terms like “summer fun” and “summer days” were most common in cooler states. But those terms there often translated into real money.
#RealEstateForSale #Homeownership #UtahRealEstate #Outdoorfeatures
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