If you're getting some money back on your tax returns, one great way to spend that cash might be to have some simple home repairs done. Many household projects that can have a big impact are actually relatively cheap and easy to do. And, by spending a little money towards improving the look of your home, you can significantly increase your home's perceived value when it comes time to sell! So, if you're among the millions of Americans who are getting money back on their tax returns, here are ten great ways you can use part of that money towards improving your home.
1. Paint – Yes, it's that simple. A can of paint usually costs under $50, but can make a dramatic improvement to your home's appeal. So, strip off the old wallpaper and sand off the walls for fresh coat of paint. Keep in mind though, that if you're looking to sell your home soon, neutral colors are better for potential buyers.
2. Refinish the kitchen cabinets – Replacing kitchen cabinets can be pricey, but striping the finish and painting or refinishing it can give a new look without the cost of new cabinetry.
3. Replace bathroom fixtures – Bathroom and kitchen fixtures may work fine over a long period of time, but the finish will corrode and lose its shiny coat. So replacing these knobs will naturally give the bathroom or kitchen a more updated look.
4. Replace laminate with tile – Compared to many other materials, tile is relatively cheap and easy to install.
5. Install decorative molding – Have cracks and imperfections around corners and edges in each room? Get thick molding to cover those spaces while adding a bit of character to the room.
6. Install organizers – Messy basement? Maybe too much stuff piled into the garage? Build simple shelves and organizers for neat storage. This way, buyers will focus on how much space the home has, instead of what and how much stuff is in it.
7. Yard work – Sure, people are coming to see the inside of your house when you want to sell it, but curb appeal makes a huge difference on first impressions. Mowing, weeding, and growing some basic plants are all cheap but time consuming projects that will contribute to a better package deal for buyers.
8. Powerwash the outside of your home – Keep the outside portions of your home clean and add a coat of paint if needed.
9. Build a deck – Decks not only improve the outer look of your home, but they also significantly increase the amount of usable living space.
10. Complete remodel – If you hit the jackpot with your refund, then now is the perfect time to completely remodel your basement, bathroom, kitchen, or other living spaces throughout the home. Most buyers want to purchase a home that is move-in ready. If the work is already done, the chances of a buyer choosing your home over another will increase significantly.
These 10 tips are just the starting point of all the options you have to brighten up your home and increase its value. So, why not put your income tax refund to good use? You'll enjoy the updates while you live in your home, and (more importantly) you'll reap the rewards of increasing its value if you decide to sell it. Remember, a home is usually the biggest investment a person makes in their lifetime. So, be sure to give your home the attention it deserves.
Should you need assistance with any of your home improvement projects, contact us at (412)965-9361 or email@example.com for a free consultation and estimate. Please visit our website for more information and direct access to our online portfolio. Also, we encourage you to follow us on all of our social media sites to keep up to date with our latest activities. While it's clear we enjoy building products, we also enjoy building relationships; so we respectfully "follow back" all individuals and small businesses that choose to follow us on our social media sites.
All the best!
Charles Kirby, Owner of C.K. Remodeling & Design