Tax Refunds and Home Improvement

Taxes are done, refunds are coming. Now is the perfect time to invest in your home. Contractors are fighting for work, material prices are low, and the government is freeing up millions of dollars in refunds for home projects. Spending that refund on your home will help build your equity, make your home more comfortable, and even help the economy bounce back. Here are some projects that will help you get the most bang for your buck.

Replace your old single/double pane windows with Low-E vinyl replacement windows.

-Approximate Cost = $3,000-$10,000

-Energy Efficient Tax Credit Qualification

-Vinyl Windows are low maintainence and easy to clean.

-Approximate change in home value = $6,000-$20,000

Finish your basement

-Approximate Cost = $10,000-$30,000

-Increase your useable home space.

-Approximate change in home value = $20,000-$40,000

Fix drywall, paint, plaster, and miscellaneous interior aesthetics

-Approximate Cost = $5,000-$20,000

-Polish up your home in the places that matter most.

-Change color or freshen up your walls.

-Approximate change in home value = $10,000-$30,000

Paint your exterior

-Approximate Cost = $5,000-$15,000

-Change colors or give your house a new face for the neighborhood.

-Make your house look like new.

-Approximate change in home value = $8,000-$24,000

Money is pretty tight right now. On the other hand, if you have the opportunity to spend the money; now is the time to act. Think about how great it would feel to face the rest of the year with some rejuvination to your home; better still if you can squeeze some tax credit out of your investment.