If you are like most Americans you are probably counting down the days until your tax refund hits your checking account. While you may have visions of a nice vacation or a new toy, if you own a home you should consider putting some money towards improvements and renovations. There are many small projects that you can do that won’t break the bank, yet will add tremendous value and appeal to your property. You don’t need to tackle everything at once but if you can pick out one or two projects, your money will be well spent.
Exterior Updates To Your Home
One of the most overlooked areas with any home is the exterior. Most people form an impression based on what they see on their way to the front door. Items such as landscaping, lawn care, exterior paint, siding, shutters and a new front door may be boring but they can completely change the perception (and value) of your home. A new steel framed front door can offer the best return on your money and completely change the exterior of the property. The best part is that if you change it this year you probably won’t have to worry about it again for at least ten years. Instead of giving your home a massive interior facelift, start by looking at the outside.
Another exterior upgrade that will have a big return is a deck. This will cost you more than a front door but the return is often much greater. The most important factor with a deck is to make sure you have it done by someone that knows what they are doing. While this may seem like a good project you can do yourself you can actually do more harm than good if the quality is poor. There is often a lot more that goes into deck construction that meets the eye. If you are prepared to spend money you might as well pay to have it done right. Not only will you get years of enjoyment out of it you will see the impact when it is time to sell.
One way to keep your house fresh is to give it updates every few years. If you don’t like your cabinets consider a different color or change the fixtures. You may be surprised at just how much a new coat of paint can change the interior of your property. Changing the color in your halls or even a bathroom will give the room an entirely different feel. Some of the painting you can do yourself while other areas would be better served done by a professional. If you are looking for a relatively inexpensive project that can make a big difference a new coat of paint can be just that.
If you are looking to start a major renovation project it is important to remember your market and never over-improve your property. If you do this you will end up spending money that will leave you disappointed with the return. There are many home improvement projects that you can tackle without spending all of your tax return dollars on. Whatever you do, make sure it is money well spent.