Expecting an income tax return this year? Consider taking your return and putting it back into your home. This investment may improve the valuation of your property if you should decide to sell later on.
Use one (or several) of the suggestions below to improve your house with your tax return money.
Custom Cabinetry
If you want to improve the appearance and convenience of your home, add custom cabinetry. Many home-buyers look for this feature when perusing available properties. Handcrafted cabinets in the kitchen and bathroom with coordinating countertops can give your home a fresh and remodeled look that may improve the overall market valuation of your home.
Curb Appeal
Want to turn heads in the neighborhood? Give your home’s curb appeal a makeover! Invest your income tax return into cost-efficient and fresh vinyl siding, shutters, or paint. Landscape maintenance also contributes to your property’s curb appeal. Consider planting borders, beds, shrubs, and trees to complement your distinct greenspace.
Fencing
One specific curb appeal upgrade you can make is fencing. For the best overall investment, have the fence professionally installed, and use materials that complement the style and exterior of the home. It is also important to pay heed to your neighborhood generally and find fencing that fits in aesthetically and seamlessly.
Roof Repairs
A roof in need of repairs is the perfect place to invest your income tax return. After all, your roof is what protects your loved ones and belongings from the elements; if your roof is compromised, your security and comfort are in jeopardy. Don’t risk damage to your home and everything in it; get your roof inspected, repaired, or replaced.
Window and Doors
It makes sense to spend your income tax money in ways that will save you money in the future. You can do just that if you replace old or damaged windows and doors. You are potentially wasting money on utility costs every month if your home’s windows or doors are in poor condition. Tighten up your home with new, energy-efficient windows and doors and begin saving money today.
Updated Kitchen
Remodeling your kitchen is an upgrade that could yield a high return on your investment. Many homebuyers see the kitchen as the main house feature that leads them to make an offer.
No kitchen upgrade can have a bigger impact than new cabinets. In a practical sense, they can increase the amount of storage space and counter space, upping the overall usability of your kitchen. From a design standpoint, cabinets also have a big impact.
In addition to updating your cabinetry, invest in timeless stainless-steel appliances, natural stone countertops, and high-end lighting for a kitchen that is the highlight of your entire home.
Second Bathroom
In today’s world, a second bathroom is almost a must. Install a new bathroom and you can expect a 50% to 60% return on investment. Depending on the type or size bathroom you elect to add, the costs can range from $5,000 all the way up to $75,000.
If those numbers are too steep for your budget, make a smaller-scale improvement, such as re-grouting your tile, replacing the hardware, or refinishing your tub and shower.
There are many ways to increase the value of your home and spending your income tax return is the perfect opportunity.
Want to learn more about using your tax return to improve the value of your home? Contact the kitchen experts at Cabinet Factories Outlet Redlands when you want quality cabinetry for the kitchen and bathroom that is made in the USA. Investing your income tax return may put more money back in your pocket later!
