Zillow: certain home colors can boost its sales price

Zillow: certain home colors can boost its sales price

Zillow: certain home colors can boost its sales price
Practically every home buyer has had that moment when they are looking at pictures of an online listing and see a home’s interior décor and think to themselves, “What were they thinking!” Apparently, this type of reaction can actually impact a home’s sales price.

According to a new analysis from Zilllow, the paint colors selected can home owners can influence a home’s sale price by as much as $5,000. Among the colors primed to rake in the most money are bathrooms pained sky blue and bedrooms painted a “moody dark blue”.

The Zillow analysis found that overall, when it comes to selecting paint colors, the best advice is to play it safe. Shades that were once considered trendy, like mint green kitchens and sunshine yellow powder rooms, can actually lower the perceived value of a home.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 2.75 percent and 15-year rates are near 2.00 percent.

Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.