Invest Your Tax Refund In Your Home

Are you one of the lucky American’s getting a tax refund soon? Not sure what to do with it? Try #7 on Bankrate.com’s list of 10 ways to spend your tax refund - “Sprucing Up Your Homestead.” If you feel like splurging with the extra cash but have the need to do it responsibly, this is the perfect option. Home improvements are a lot more fun that putting the extra funds in savings and still give you the financial boost of increasing the value of your home. Here’s our top 10 ways to use your tax refund on your home.

1. New window treatments. Even a modest refund can buy you some great new window treatments that can change the look of any room. For added money savings, look for blinds or drapes that insulate your home as well. You might just end up with beautiful windows and some lower utility bills.
2. Replace that old, worn-out carpet. Even if you can only do one room, replacing your floors will up the value of your home and make your living space feel cleaner and more up-to-day. There are many budget options available. Some of the new laminate products look amazing. You neighbors will think you spent tons on ceramic or hardwood. Check out some options in our photo gallery.
3. Cozy up to some new furniture. It may not increase the value of your home, but it could make your living space much more comfortable. Plus, if you old furniture is in good shape, you can sell it at a yard sale or on craigslist for some extra cash.
4. Turn up the light. If you’re felling a little gloomy, invest in some good lighting for your home. It can brighten a room and your mood. For tricky ceiling fixture or wall installations, be sure to consult an electrician.
5. Plan a garden. It may be a bit too early to think about planting but you can definitely start planning. A well planned garden and an investment in soil and the tools to create a good garden will give you a great return on your investment in the years to come in the form of fresh fruits and veggies for your family and perhaps your neighbors as well.
6. Give it a fresh coat. A fresh coat of paint will give you and your room a new outlook. Stick with light colors to make your rooms feel bigger and brighter.
7. Update your bathroom. Are your bathroom fixtures a little outdated? If so, this is a great way to spend some extra cash. You don’t have to tear out walls and cabinets to make a big difference. Replacing and outdated toilet and sink will up the value of your home and give it a more modern look. You can do it yourself or find a local plumber to help.
8. Get a new appliance. Tired of washing your dishes before you put them in the dishwasher? Need a little extra room in the refrigerator? Looking for a dryer that doesn’t take a whole day to dry your clothes? Now’s a great time to buy a large appliance.
9. Spring cleaning. Give your house a spring cleaning by the experts. Have your floors professionally cleaned or get your driveway power-washed. Save a little bit to have a nice lunch out while the experts do their work.
10. Bring in the landscapers. Don’t spend another summer mowing your brown grass. Call in a landscaper to get your yard in shape. The curb appeal of your home will skyrocket with a nice lawn.