If you are receiving a tax refund this year, you are probably counting down the days until it arrives. Thoughts of a tropical vacation or a family getaway may be dancing in your head. While these are wonderful ideas, if you own a home you may want to consider making some home improvements. These upgrades can not only improve your properties value but can make coming home feel like a vacation every day. Here are a few improvements you can make that will give you the biggest bang for your buck.
Kitchen. No matter how you slice it a kitchen upgrade is a win-win. In a practical sense as a homeowner you spend a large amount of your time in the kitchen. Improving a room that you spend so much time in will make you feel better about where you live. It may allow you to feel more comfortable hosting and may make your everyday life much easier. It will also give your home’s value a boost. One of the first things prospective buyers look at is the kitchen. Updated flooring, countertops and appliances will do wonders to any kitchen. If you have some extra money a kitchen upgrade is a great place to start.
Bathroom. A similar approach can be taken with the bathroom. As much as an updated man cave may sound appealing it doesn’t do much to your property value. Like the kitchen buyers look at the bathroom as a potential deal breaker. There are many inexpensive updates you can make. New flooring and fixtures can give the room a facelift without causing days of work. Another idea is to look to add a bathroom or half bath in the house. A full extra bathroom can increase the value by tens of thousands of dollars if done right.
Deck. Of all the exterior updates you can make a deck gives you the biggest return. In recent years there has been an emphasis on outdoor living and backyard usage. Placing a specific value amount on a deck depends on the size and specific makeup of the deck. There are a lot of different styles and variations you can use. While a deck may look like a project you can take on yourself if you are handy it is best left in the hands of a professional. You never want to doing double work or paying to have something done twice.
Windows and roof. Few homeowners are willing to spend money on big ticket items until they absolutely have to. You can keep your same windows for years until they crack or the frames start to rot. If you have the funds you should consider upgrading to energy efficient windows. Not only are these safer they will end up saving you money throughout the year. The same is the case with your roof. Old, peeling shingles can be more than just an eyesore. You can be throwing money away with your old roof. Both of these upgrades can be costly but if you own a home you need to give them a look every ten to fifteen years.
Home improvements may seem like a boring way to spend your tax refund but where do you spend more time than your home? Even if you do something small you should consider one home improvement project this year.