A recent study has revealed that a popular paint colour could see Britons lose over 10 percent of their property’s value.
Aluminium doors and windows manufacturer, Origin, has exposed that Britons are willing to pay an average of five percent less for a property with an unappealing colour scheme.
The company also discovered that almost a fifth of Britons believe a bad colour scheme either on the inside or outside of a property knocks over 10 percent off the value of a property
The average UK house is priced at £302,000, however, a poor colour choice could slash the value of a home by a staggering £15,000.
Kicking off, Origin discussed why you should avoid the bright and summery colour yellow. According to the study, 10 percent of homes in Britain currently feature a yellow colour scheme which means, if a bad colour scheme knocks over 10 percent off the value of a property, sellers with yellow walls could see their home’s value plummet by £15,000.
Home decor experts, The Inspired Room concurred that the colour yellow, specifically “butter yellow” is going viral in 2024. They shared: “Right now butter yellow and English Country style are trending.” However, with colour trends coming and going, it may be a bad idea to stick to this theme.
Experts at Origin claim Britons consider yellow to be the cheapest-looking colour when incorporated into a property.
Another colour to avoid that is also a hot topic right now is pink. ‘Peach Fuzz’ is Pantone’s colour of the year, but “heavy use of the colour could risk devaluing a home too, with research showing that pink tones are considered the ‘tackiest’ way to decorate a home,” warns Origin.
A third unexpected colour is neutrals, so far the study has included very vibrant and outstanding colours but the study has also warned against being too “boring.” The company warned: “Playing it safe with beige could also impact a property’s price, with Brits dubbing a neutral palette the most ‘boring’.
“This is closely followed by grey, with the once coveted colour fast losing favour amongst homeowners,” claim the experts. Google searches for grey homes have dropped by over two-thirds since 2021.
If you’re looking for the best colours most likely to add value to homes, property owners should consider white, blue and red.
White was voted both the classiest and most expensive looking colour, blue is considered a great option for a stylish pop of colour whilst the ‘unexpected red’ interior is taking social media by storm by adding a “wow” factor to your home.
Commenting on the research, a Colour Expert at Origin, shared: “It’s fascinating to see the stereotypes attached to certain colour palettes, particularly shades like pinks and neutrals which are used in so many homes but appear to be falling out of favour.
“However, it’s encouraging to see that Brits remain open to the use of bold colours both inside and outside their properties, with our research showing that blue and red tones are being coveted by style-conscious house buyers in 2024.”