Painting your home in an unwanted colour can swipe £1,000 off the selling price.
New research by Privilege home insurance shows that the average home value is reduced by £1,392 should it be painted in the wrong shade.
Getting it very wrong can prove more costly, with 10% of estate agents knocking off more than £3,000 on valuing property due to their garrish shades.
Despite that, 40% of homeowners select their favourite tones and are oblivious to the impact this is likely to have when they come to sell.
We have conscious as well as unconscious responses to colour choices, so colour psychology states.
Where there is disharmony in colour schemes, negative psychological properties of colour choices are likely to prevail. So the viewer's unconscious response to your home can thus be negative.
Oranges and reds are the greatest turn-off, even thought a million is us paint our homes in such shades.
The safest colour choice for homes is magnolia, so 70% of estate agents agree.
This colour gives a sense of space, cleanliness as well as optimism.
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Poor Colour Choice Reduces Home Value By GBP1,000
Tue, 20 Feb 2007
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