The Best Way to Spend Your Tax Refund on Your Home
April 28, 2017
With Spring weather comes tax season – we are all hopeful that at the end of crunch time, your CPA will call with good news about how much money will be deposited into our checking account. If you usually get money back, and your life hasn’t changed a whole lot, you should check out these ideas for some good ways to re-invest back into your home – even if you only have a small amount of money to spare.
There’s something about fresh paint that is able to really transform or spruce up a room. Whether you paint to change the feel of a space or you do it because your walls NEED fresh paint, this is one of the most inexpensive ways to really make a big impact on your home. If you’re thinking about selling your home any time soon, consider using neutral colors that aren’t specific to your style.
If you have old school fixtures or if your lighting is flush mounted, you could really change the feel of your entry way, bedroom or dining room, by adding drop lighting. A chandelier type light offers a different kind of ambiance and is usually fairly inexpensive to buy and install.
Exterior home upgrades usually offer a good ROI. Things like landscaping, fixing gutters, painting your door or adding mulch to your flower beds – are quick updates that make a big impact. If you are considering selling in a few years, the first impression your home makes could make or break a sale.
Although, this is probably the least appealing way to spend your tax dollars – it may be the most practical. Walk around your home and make a list of the small things that need repaired or fixed – things like chipped dry wall, caulking around windows or bath tubs, a broken screened door or an appliance that isn’t reliable. Rank each small thing by priority and then start down the list. Maybe one small thing doesn’t seem like much, but you’ll be pleasantly surprised by how knocking out 3-4 things on this small fix-it list can make living in your home more enjoyable.
If you plan on getting back a tax check this year, let us know how you plan on spending it. We would love to hear from you.