Revitalizing your home's appearance with a fresh paint job offers a transformative touch for the interior and exterior. Whether you choose bold and vibrant tones or subtle and soothing shades, painting your house can bring new life to it and rejuvenate your living space.
From preferred colors to market trends and technology, the residential painting market is ever-evolving. The
residential house painters at VanDerKolk Painting keep a finger on the pulse of the residential painting industry to stay on top of the latest trends. We’ve compiled some of the most interesting statistics and trends within the industry below. These statistics can be useful for both homeowners and professional painters alike to understand the market and the latest design trends. You can use these statistics to strategically plan your future painting jobs.
There are over 140 million homes in the United States, which equates to a large number of homes in need of painting services in any given year. In fact, demand for paint is so high that US consumers are estimated to use over 1.4 billion gallons of paint each year.
The residential painting industry is quite large and it is projected to continue to grow. The US
market size for house painting and decorating contractors was found to be $18.6 billion in 2022. Residential painting In the USA, the house painting and decorating industry has experienced a steady annual growth rate of
3.8% from 2017 to 2022, reflecting its popularity and demand.
The lifespan of paint is going to vary depending on a number of factors. Factors that affect lifespan include sun exposure, climate and weather, surface material, paint quality, and more. Naturally, interior paint tends to last longer because it isn’t exposed to the elements like exterior paint. On average, interior paint lasts approximately 7-8 years while exterior paint tends to last 5-6 years.
Certain regions with extreme weather conditions, such as coastal areas or regions with significant temperature variations, may require more frequent repainting. The average duration between paint jobs can be as short as 4-6 years in such areas.
Investing in a fresh paint job can yield a significant return on investment for homeowners. Here are a few ways in which a fresh paint job can impact your ROI:
According to Consumer Reports, a well-executed paint job has been proven to enhance a home's value. On average, homeowners can anticipate a return on investment of around 60% of the paint job cost.
Moreover, maintaining your home's interior and exterior, on average nationwide, can increase its value by over
$4,000. The actual ROI may vary depending on the project scope, workmanship quality, and property condition.
Experts suggest that a visually appealing exterior can attract potential buyers and lead to a quicker sale, often resulting in higher offers. And a fresh coat of paint can dramatically improve the curb appeal of a house.
According to the National Association of Realtors' 2019 report,
66% of real estate professionals recommend applying new paint to enhance the curb appeal of a home's exterior. Other stats suggest that a quality paint job on the exterior of your home has the potential to yield a significant return on investment (ROI) of around
55%.
Don't underestimate the influence of interior paint jobs. A fresh coat of paint on your home's interior can yield a significant return on investment (ROI) of
107%, considering variables like paint quality, color selection, and overall finish. Though exterior painting garners attention, interior painting can significantly enhance a property's perceived value.
Painting your home is a significant investment. While you want to choose colors you like, you may also want to consider the preferences of home buyers to improve the ROI on your investment for resale.
A
color psychology study conducted by Sherwin Williams garnered interesting insights into color preferences among homeowners. The study found that blue is the most popular paint color with 62% of Americans selecting the color as their favorite color. Black was the second most popular color with 32% of Americans selecting the color as one that they like. Red was the third most popular at 31%.
Shades of blue, black, and red are therefore some of the best colors to choose for resale value. There are several beautiful shades in each color you may want to consider as you decide on colors for your home.
Some of the best shades of blue paint include Van Deusen Blue by Benjamin Moore, Indigo Batik by Sherwin Williams, Inky Blue by Sherwin Williams, and Amsterdam by Benjamin Moore.
Popular shades of red paint include Chili Pepper by Benjamin Moore, Deep Rose by Benjamin Moore, Fireweed by Sherwin Williams, and Heritage Red by Benjamin Moore.
Popular shades of black include Soot by Benjamin Moore, Peppercorn by Sherwin Williams, Iron Ore by Sherwin Williams, and Black Beauty by Benjamin Moore.
According to a Forbes news report from December 2022, 82% of consumers are seeking brands that prioritize sustainability and adopt people-first practices. The paint industry is not exempt from sustainability trends. We’ve witnessed a rising demand for eco-friendly paint options. Homeowners prioritize low-VOC (volatile organic compounds) and zero-VOC paints, recognizing the environmental impact of traditional alternatives.
Embracing low and zero-VOC paints promotes a healthier living environment and demonstrates a commitment to sustainability. Moreover, these modern paints enhance indoor air quality and minimize harmful emissions.
Homeowners are increasingly drawn to environmentally friendly options from natural, renewable materials like plant-based pigments and recycled components. This growing interest in sustainable paints allows for a wide array of color choices without compromising quality, promoting healthier and eco-conscious living environments.
In nature-centric environments, these paints seamlessly blend with the surroundings, fostering an eco-conscious ambiance. Embrace the eco-friendly paint trend to positively impact your home and the planet, aligning your living space with sustainable values.
While some homeowners tackle painting projects themselves, many hire professional painters for their expertise and efficiency. Hiring professionals ensures a high-quality finish and can save homeowners valuable time and effort.
In 2023, there is an increasing trend of homeowners relying on professional painting services for their projects.
41% of individuals believe it is best to entrust the task to professionals.
Professional painters have the knowledge and experience to handle interior and exterior painting on various surfaces, textures, and paint types. They can also provide valuable advice on color choices, paint finishes, and techniques, helping homeowners achieve their desired results. When hiring professional painters, it is essential to research and choose reputable, licensed, and insured contractors like
VanDerKolk Painting.
The cost of house painting is influenced by various factors. Forbes reports that interior painting can range from
$1,000 to $7,500, depending on space size, paint quality, and furniture movement. Meanwhile, exterior painting may range from
$2,500 to $8,000 or more, considering house size, surface condition, and project complexity. To accurately estimate costs, obtain quotes from professional painters and consider project requirements.
Alongside traditional painting methods, innovative painting techniques will be gaining popularity in 2023. These techniques add unique textures, patterns, and visual interest to interior and exterior surfaces. Some notable trends can be found below.
Color blocking involves using contrasting or complementary colors to create geometric shapes or blocks on walls. This technique adds a contemporary and artistic touch to interior spaces.
Ombre, a gradual blending of colors, is being used to create stunning visual effects on walls. From subtle gradients to bold transitions, ombre techniques add depth and dimension to any room.
Metallic paints and finishes are becoming increasingly popular for accent walls and furniture. These finishes create a luxurious and glamorous look, adding a touch of elegance to any space.
Advancements in technology have extended to the world of house painting as well. Smart paint technology is gaining traction in 2023, offering innovative features such as:
Mobile apps like
Sherwin-Williams ColorSnap use augmented reality to allow homeowners to preview different paint colors on their walls before committing to a specific shade. These apps help homeowners visualize the final result and make more confident color choices.
Self-cleaning paints incorporate nanotechnology that repels dirt, grime, and stains. These paints help maintain a fresh and clean appearance for longer, reducing the need for frequent cleaning and maintenance.
Temperature-responsive paints change color based on temperature fluctuations. This feature is particularly useful for exterior surfaces, as the color can adapt to different weather conditions, adding a dynamic element to the home's exterior.
House painting trends and statistics for 2023 showcase a balance between timeless choices and new, exciting color options and technologies. Homeowners are investing in new paint jobs, both for aesthetic enhancement and for the potential return on investment.
Looking to transform your home with a fresh coat of paint?
VanDerKolk Painting is one of the leading residential home painting companies in West Michigan. Located in Grand Rapids, our professional painters can paint homes throughout Kent & Ottawa Counties. You can request a free quote for interior or exterior house painting by submitting an
online quote request form, calling us at
(616) 202-6570, or pressing the live chat button. A member of our team will be in touch as soon as possible to answer any questions you may have and provide you with an estimate for your painting job.
We provide quotes at absolutely no cost. Requesting a quote gives you an opportunity to meet with one of our team members, better understand our process, and explain the details of your project. You can request a free quote by filling out the form, or by calling us at 616-202-6570.
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VanDerKolk Painting - Grand Rapids Painting Company
225 Graham Street SW | Grand Rapids, Michigan 49503
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