Put Your Tax Refund to Work: Smart Home Improvement Ideas That Increase Value

Last Updated on April 8, 2019

Did you know many Americans, on average, receive a tax refund of $3,000?  While the first impulse may be to splurge on a vacation or luxury item, savvy homeowners are investing in their biggest asset: their homes. Whether your refund falls above or below the average, there are great ways to use this “found money” on home improvements which can not only spruce up your space, but boost resale value and yield a strong return on your investment (ROI).

Before you spend

It’s easy to get excited about spending your refund, but before you do, ask yourself this question: “How long do I plan to stay in the home?” Your answer will be your guide on how much to spend on home improvements and where to put your money. If you’re planning on staying for a while, then its best to invest in projects that improve your life and your home’s value. Here are some ideas and remember, you can either go all out and spend your return on one project or spread it around on smaller ones. Regardless of which path you choose, you’re sure to enjoy your upgrades and new purchases!

Photo credit: https://www.granitetransformations.com/design-inspiration/

Reseal Your Driveway

Photo Credit: https://www.houzz.com/magazine/how-to-reseal-your-asphalt-driveway-stsetivw-vs~29885302

Upgrade Kitchen Backsplash

Backsplashes: https://www.granitetransformations.commosaic-tile-backsplashes/
Photo credit: https://www.granitetransformations.com/design-inspiration/

Accent Wall

Photo Credit: https://www.granitetransformations.com/design-inspiration/

Outdoor Improvements for Curb Appeal Landscaping

Photo Credit: https://www.diynetwork.com/how-to/outdoors/landscaping/12-ways-to-enhance-your-homes-curb-appeal-pictures

Window Boxes and Shutters

Photo Credit: http://www.homebunch.com/interio-design-ideas/

Backyard Pergola

Photo Credit: Steve Silverman Imaging https://www.diynetwork.com/how-to/outdoors/structures/pergola-and-gazebo-design-ideas-pictures?ic1=spoutable

Energy-Efficient Appliances

Photo Credit: http://www.resnet.us/library/energy-efficient-energy-star-appliances/

Kitchen Renovation

Countertops: https://www.granitetransformations.comcountertops-surfaces/
Photo Credit: https://www.granitetransformations.com/design-inspiration/

Bathroom Renovation

Photo Credit: https://www.granitetransformations.com/design-inspiration/

Are you expecting a tax refund this year? You may want to consider investing in one or more home improvements to increase your home’s value. Contact Granite and Trend Transformations for your free in-home design consultation to see how easy and affordable it can be to enjoy the benefits of your tax refund.