How your paint colour can affect the “rentability” of your property…

The colour in our environment can impact how we feel – It therefore speaks to reason that if we are looking to rent out a property (similarly to sell) you would want to create an environment that made people feel at ease or even happy, thereby increasing the chance of obtaining a great rental price and tenant.

Rental unit owners are frequently caught in a bind when it comes to interior paint colour:  they are constantly advised that they should choose neutral shades like beige throughout their rental.  But what if they want to enhance the appeal of their rental with more interesting paint colours? Is beige the only safe choice?

Senior Property Manager at Ray White Double Bay Daniel Bemrose had this to say “While a renter’s furniture may have a better chance of fitting in with neutral beiges, greys, and the latest “greige”, we have noticed how non-neutral colours could have positive emotional impacts on a renter”.

Here are some positive side effects certain colours can have on people:

Pale blues, greens and lavenders can have a calming effect. Consider using these colours in rooms where a renter will rest and relax, such as the bedrooms.

Green is also a great colour for a home office—it is considered the “colour of concentration”

Warm tones, such as yellows, oranges, and reds are more friendly and inviting. Consider using these colours in the living room and entryway.

If you are not the adventurous sort however, there is a reason why neutral colours have such broad appeal in rental units and for new homes: they can be relaxing and tranquil, but can also be warm and inviting.