Home Improvement Projects that Add ValueThere are many types of
home improvement projects
that can help increase a home’smarket value. One of the best ways to achieve greater value is by exterior painting. Thevalue of a home will usually increase significantly when you hire a
New Jerseyresidential painting
contractor to give it a fresh coat of paint. This is always a good idea,whether you want to sell the house or not. If house painting is not done periodically, justas routine maintenance the value of the home may actually decrease.It is good idea to hire an
specialist whether youare putting the house on the market or not.If you are not planning on selling thehome, it will still increase the overall property value. This is important for thosewho may be considering a secondmortgage or a home equity loan. Exterior paint also works to preserve the wood andconstruction of the house. If the paint begins to peel and this level of protectiondoes not exist, then exposed wood may begin to rot and decrease the home’s value.Depending on the size of your home a good exterior painting project can increase it by asmuch as $25,000; and possibly more.
projects can yield the highest return on investment (ROI)of almost any home renovation or improvement project. The average cost for exterior paints is about $25 for a gallon. High end paints can be up to $50 per gallon. The averagesized home will use less than 20 gallons of paint. This means that the house paint can costsomewhere between $400 and $1500 on average. Including paint and labor a home owner of a relatively large home may be looking at investing between $5,000 and $12,000 for agood exterior painting job that is done right. The ROI is generally between 30 and 80 percent. This makes it a very worthwhile investment when looking at increasing the valueof the home.