Your home could be worth 65% more if it’s on this type of street…
We all know house prices can fluctuate depending on location. But, did you know that your street could up the value of your home by 65%?
Image: Florencia Viadana
Rows of brightly coloured houses on a beautiful leafy street is definitely something to be admired, but did you know that homes on colourful streets can be worth thousands more? New research from HomeOwners Alliance found that homes on brightly painted roads are worth up to 65% more than on less vibrant streets nearby.
The research, which was gained from the HomeOwners Alliance instant online valuation tool, shows a home on a colourfully painted street could be between 2% and 65% more expensive than a home on a road where most properties are decorated in white or brick built.
Image: Ruta Celma
Top tips on painting the outside of your home
1. Consider cost
It costs an average of between £450 and £1,500 to have the exterior of your home painted by a professional decorator. Prices vary depending on whether you need scaffolding or not. The work should take a few days to a week to complete depending on the size of your home and whether you want the front as well as the back and any sides to be painted.
2. Be sure to prepare
If you are doing the painting yourself, you will need to clean, scrape and brush the walls before you start painting, as well as repairing any holes and using antifungicidal solution on any mouldy areas. You will need to use two coats of trade quality exterior masonry paint – prices are from £8 a litre for a tinted colour.
3. Paint type
Choosing trade grade masonry paint is really important when it comes to exteriors. Trade quality paint contains more pigment for enhanced colour retention and also offers superior protection against the elements which is essential when buyers are looking for a home in a good state of repair.
4. What about consent?
You do not need planning permission to paint the exterior of your home, but if your home is a listed building you will need listed building consent if you want to change the external character of your property, even by changing its colour.
5. When to repaint?
You should repaint the exterior walls of your home every 10 to 15 years, depending on the paint used. Plan this when the weather forecast is favourable.
Would you love to live on a colourful street? Let us know by tweeting us @goodhomesmag or post a comment on our Facebook page.