The Importance Of Paint Colour In Your Investment Property
As property managers in Toronto, we recognized the importance of paint colours for tenants and what colour is a good investment for landlords.
When it comes to investment properties in Toronto, we recommend to keep the colour “neutral”, you could simply paint the walls a white or we recommend a warmer shade, which provides your tenants a colour that is more elegant, warm, as well somewhat unique. Try “Sandy White” by Benjamin Moore (http://www.benjaminmoore.com/en-us/paint-color/sandywhite ) for the walls and paint the baseboards, doors and trim in a white semi-gloss — this will add a good contrast.
The reality is, tenants won’t be bothered with painting your unit themselves, too much work and added expense, especially if they plan on staying in your unit for only 1 to 2 years. Choosing the right colour for your unit can impact tenant’s turnover (if your walls are bright blue, your unit will stay on the market longer than “neutral” colour walls). Also, remember the name of the colour you paint the walls, this way you can easily do touch ups when the tenant leaves.