Time: 1 day to 1 week
Tax season is definitely here, and you only have a couple of weeks left to file. You might not enjoy completing all the paperwork, but the sooner you do, the sooner you'll get your tax refund. (The fun part.)
What should you do with your windfall? There are plenty of home improvement projects to tackle that will spruce up your home and raise the value of your property. Whether you're planning to sell soon or just want to spend your refund wisely, these projects are tops when it comes to recouping your investment.
What's in it for you?
- Investing your refund wisely
- Boosting your property value
- Taking advantage of future tax incentives
- Getting the most out of your current home
5 Smart Choices for Your Next Home Improvement Project:
Add Attic Insulation
This is the one project that practically guarantees to make back your initial investment. Your savings on utility bills will cover the cost of insulation in just a few years, and you may also be eligible for tax incentives and rebates for making your property more eco-friendly. The average attic insulation job boosts your property value by almost $1,500.
Replace Your Front Door
When it comes to curb appeal, nothing makes a first impression like a great front door. If yours is aging, replace it to make your entryway look great. You'll also put a stop to drafts and leaks, helping to lower your energy bills.
Replace Your Garage Door
Your garage door has a bigger impact on your quality of life than you think. If yours sticks and leaves you stranded, a new one would make life easier. Upscale garage doors also boost your property value by more than $1,000.
Repaint the Interior
Freshening up your decor is easy with a can of paint and just a hundred dollar's worth of supplies, but it makes a huge difference in the look and value of your home. Choose chic, neutral colors for a look you – and future buyers – will love.
Add a New Bedroom
A room can be considered a bedroom if it has a closet. If you have a den or office space, consider adding a closet and upping the bedroom-count in your home. With a week’s worth of work (or less), you can add significant value to your home.