Over the past 8 years, Colorado has attracted scores of people from around the country and it is no surprise that property values have increased significantly. Zillow has reported that Colorado home values increased 8.3% over the past year and Denver County has reported especially strong gains. Global Property Guide ranks Denver as having the third highest home appreciation rate in the country!
With the increase in property value, we are also seeing monthly rent rates skyrocket. If you are lucky to own property in Colorado, now is the time to invest in renovations! This can be as simple as adding a fresh coat of paint. Painting your building will give it a “fresh” look and will communicate to both customers and renters that you are invested in the property.
Is The Hassle Worth It?
Building owners and property management companies dread renovations despite their high return on the investment because they are believed to cause disruption and negatively impact regular routines and means of revenue. This concern is very real, but there are experienced commercial painters that can complete the job with minimal interference.
Painting a property can positively impact its value in ways beyond the actual price of resale. In the case of a business, a fresh coat of paint can breath new life into the work environment, attracting customers and even boosting employee moral or creativity.
Effects Of New Paint In Retail Buildings
A study published in Science Daily suggests that work done while exposed to a blue color way enhances creativity while red hues sharpen our attention to details. In terms of customer experience, retail design consultant Linda Cahan, explained how colors can affect a customer’s experience in her interview with Entrepreneur Magazine; “People buy more when there is red,” she attests. Her only warning is to use bold colors selectively and in less than 20% of your store’s color scheme. And of course there is still the matter of resale value.
Effects Of New Paint In Residential Buildings
Money magazine reported that a house with a freshly painted powder blue or periwinkle, sees an average increase of $5,440 in selling price compared to its competition in the same neighborhood. Painting a home is the most basic investment you can make in a property before putting it on the market or attracting new renters. Colors yield significant influence in shaping our subconscious perceptions and can be engineered to create more value through curb appeal.
With the significance of color selection and fresh paint firmly established, it is a wonder why all businesses aren’t flocking to this solution. Unfortunately, we have found unqualified and sometimes negligent painting contractors have been responsible for creating the impression that a paint job can be a chaotic affair. This is not the case.
At Zenith Painting and Coatings, we only hire professional painters with years of industry experience. We understand the importance of maintaining a calm and clean workspace. Our staff will develop a specialized strategy and schedule that will ensure your business experiences minimal disruptions while still reaping the tremendous benefits of a fresh coat of paint.
Business can be risky but when you choose to work with Zenith, we guarantee that your next paint job doesn’t have to be! Call up today for more information or schedule a free consultation.