21 March 2018
What to do with Your Tax Return
Home Improvements

April showers bring Mayflowers and hopefully a little extra change in your pocket from the Federal government.  The average family receives a refund of around $3000.  It may not be enough to completely transform the basement into the man-cave of your dreams, but it is enough to do a bit of home improvements that can improve your quality of life and lift the spirits.  

We've broken down improvements that will bring the best return in value for your home and divided them into monetary categories in case you have a little, a lot or the whole works to spend.  Before any home improvements you should ask yourself how long you will be staying in your current home.  That answer should factor into your decision making. 

$100 to $500 Budget

      Refresh cabinet hardware

   Service items in your home-hot water heater, HVAC & furnace. Regular cleanings can add up to 10 years of life to these products.

   Insulate the attic or other areas that are letting in cold air or are allowing hot air to escape. 

   Paint-whether it's one room or a whole floor, fresh paint can transform and give your space a brand new feel.

 

$600 to $2900 Budget

 

     • Replace an older front door. One of the easiest ways to give
       your exterior a new look. Up to date materials and better
       construction, combined with durability and better insulation will
       help save on energy bills over time.

        • Upgrade out dated appliances. New appliances in the kitchen
       are always a great way to boost value and encourage more
       family time. If you shop for Energy Star rated products, look for
       ones that may have rebates via the government. Double win for
       saving money in the short and long term.

         • Landscaping – First impressions do matter in housing. A well
       maintained yard and trim trees and shrubs can increase a homes
       value up to 20%. Curb appeal and an inviting presence are
       important factors if you feel your property may be for sale soon.
       Outdoor lighting may also be beneficial as it enhances your
       homes security.

Over $3000

 

      Replacing your garage door. With one of the best return on investments rates-coming in around 98%, a sturdy, eye appealing door is important to home owners. 

    Replace older windows. Another smart improvement that is worth the investment. A more energy efficient window will stop air leaks and condensation. Plus, if the window had cracked glass or loose encasing, you will be removing any safety issues.
 

    •   Upgrades to the kitchen or bathroom. A new tub and sink are
          safe bets for the bathroom. The kitchen will benefit from an
          upgraded sink/faucet and new counter-tops. Tile work in either
          room can transform walls and floors.


All home improvement projects can be a journey. If you are taking just a few steps or one big leap, we hope your finished venture is pleasing to the eye and improves your home and those that occupy it.

 

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