How to Use Your Tax Return to Improve Your House

How to Use Your Tax Return to Improve Your House

Home ownership, we always hope to gain on our investment when it’s time to sell right? Did you know that “the average tax return this year is $3,120, according to the IRS, based on refunds sent out as of the end of February. Average tax refunds vary by state, according to data compiled by Business Insider, from an average refund of $2,254 in Vermont to a high of $3,126 in Texas.” So where are some good places to invest that money from Uncle Sam once you get it?

Kerry Curry of Self Storage wrote a great blog on 10 Ways to Use Your Tax Return which Design Solutions KGP was quoted in! Of course we suggested using your return on staging your home. You don’t necessarily need to be selling this year though. You could be thinking of selling in the next five years, but doing some of the updates a Professional Stager suggests gives you the opportunity to enjoy now, but be prepared for when the time comes to sell. This way you can enjoy your investment instead of doing everything just before you move.

Some other suggestions were to invest in your kitchen, bathrooms, add crown molding, a new front door but you have to read the article to get other great ideas. Investing  the money you receive from your return back into your house does make sense because in can help you increase the value of your home. Let me know if you have any other great suggestions!

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Karen GP

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