You finished your taxes and now you’re anxiously waiting for the refund. Spend this time to think wisely on how you can use that money to invest in your future.
You may decide to put it in savings, or try to pay off some debt. While these are smart choices, you also may want to consider how you can use it to increase the value of your home.
Even if you aren’t thinking of selling your home right now, making an investment now could pay off down the road. Until you decide to sell, your family will be able to enjoy these simple improvements.
So, decide on the project you want to tackle and invest your tax refund back into your home.
Start with the kitchen
You can increase your home’s value as much as 7% just in the kitchen. You don’t have to do a complete remodel, but examine the functionality of the kitchen. Is there something that would make a potential home buyer second guess their decision?
Focus on making it a working kitchen and then look at the appeal of the room. Look for affordable ways to freshen up the space.
Critique your curb appeal
It’s Spring, so before it gets too hot outside, start thinking about curb appeal now. HGTV suggests walking across the street and looking back at your home and asking yourself:
“Does my home have curb appeal?”
If the answer is no, then start planning out how to improve it. Don’t have a green thumb? Then ask a neighbor who is, for some advice. They may even be willing to give you some plant cuttings to help you fill out your garden.
Become energy efficient
This could be replacing old energy sucking appliances or as simple as switching to different light bulbs.
Zillow recommends if you have an old front door, an inexpensive addition would be a storm door. Or try replacing your shower heads with low-flow options.
No matter how large or small your refund, you can find a way to invest it back into your home. Take time now before your tax refund arrives to decide what you want to do.
Spend this year’s check on something that will last and increase your home’s value.
If you’re thinking of selling, please contact us so we can partner with you in this process.