{"id":36122,"date":"2023-03-08T00:01:00","date_gmt":"2023-03-08T00:01:00","guid":{"rendered":"http:\/\/homeimprovementblogs.com\/hg-blog\/?guid=b7fc3bcb0130eac756decb9061ad60f8"},"modified":"2023-03-08T00:01:00","modified_gmt":"2023-03-08T00:01:00","slug":"4-smart-ways-to-spend-your-tax-refund-while-adding-value-to-your-home","status":"publish","type":"post","link":"https:\/\/homeimprovementblogs.com\/hg-blog\/4-smart-ways-to-spend-your-tax-refund-while-adding-value-to-your-home\/","title":{"rendered":"4 smart ways to spend your tax refund while adding value to your home"},"content":{"rendered":"<p>(BPT) &#8211; If you&rsquo;re expecting a tax refund this year, now is the perfect time to strategize how to use it. Why not maximize your refund by investing it in your home? There are a variety of renovation projects at different price points worth considering that can add value to your home.<\/p>\n<p>Here are a few ideas to get you started.<\/p>\n<p><strong>1. Think curb appeal<\/strong><\/p>\n<p>A top recommendation from real estate agents is to view your home as a potential buyer might. What improvements can you make to the exterior that would attract a prospective buyer, giving the impression your home is well cared for?<\/p>\n<ul>\n<li><strong>Landscaping<\/strong> <strong>&mdash;<\/strong> Just clearing overgrowth can enhance how your home looks, but also consider consulting an expert for improving your yard.<\/li>\n<li><strong>Replacing your garage door<\/strong> <strong>&mdash;<\/strong> Especially with a 2- to 3-car garage, this is a highly visible feature of your home that gets a lot of wear and tear.<\/li>\n<li><strong>Upgrading doors and\/or windows &mdash; <\/strong>They create the first impression your home gives visitors (and neighbors), and replacing them enhances not just your home&#8217;s appearance, but also energy efficiency and security.<\/li>\n<li><strong>Repainting\/re-siding your home &mdash; <\/strong>Refreshing the exterior gives your home an immediate facelift. Can&#8217;t afford to redo the entire exterior? Touching up trouble spots or repainting trim also makes an impact.<\/li>\n<\/ul>\n<p>These improvements can boost potential resale value and your sense of pride in your house, for however long you call it home.<\/p>\n<p><strong>2. Install an extra full bath<\/strong><\/p>\n<p>Creating another full bathroom is not only great for improving the functionality of your home, but will definitely appeal to future buyers. According to <a href=\"https:\/\/www.houzz.com\/magazine\/5-remodels-that-make-good-resale-value-sense-and-5-that-dont-stsetivw-vs~48158905\"  rel=\"nofollow\">Houzz<\/a>, installing an additional full bathroom, like an en suite or guest bathroom, is one of the top five renovation projects to consider in terms of return on investment.<\/p>\n<p>While adding a full bath in some parts of your home may be very costly due to the plumbing configuration, you can cut costs considerably using an up-flushing, macerating toilet &mdash; like the <a href=\"https:\/\/www.saniflo.com\/us\/installing-an-additional-bathroom\/68-saniaccess-3.html\"  rel=\"nofollow\">Saniaccess 3<\/a> from Saniflo &mdash; which can be installed virtually anywhere. The plumbing used for this toilet operates above the floor, so there&rsquo;s no need for the mess and expense involved in digging through flooring, especially concrete floors typically found in basements.<\/p>\n<p>Saniflo&rsquo;s above-floor technology makes it possible to add a bathroom even if you were once told you couldn&rsquo;t add a toilet due to the lack of a drain line. These upflush toilets simplify toilet installation by pumping waste away to the nearest drain line and\/or sewer system. <a href=\"https:\/\/www.youtube.com\/watch?v=Bp4iuohJVi4&#038;feature=youtu.be\"  rel=\"nofollow\">Watch this short video<\/a> to learn more about Saniflo&#8217;s bathroom solution.<\/p>\n<p><strong>3. Add a half bath<\/strong><\/p>\n<p>Don&rsquo;t have sufficient space (or budget) to create a full bath? A half bath also enhances the value, convenience and functionality of your home. Similar to the Saniaccess 3, you can install a <a href=\"https:\/\/www.saniflo.com\/us\/installing-a-toilet\/74-sanicompact.html\"  rel=\"nofollow\">Sanicompact tankless toilet<\/a> for your half bath, reducing the cost, hassle and time needed for renovation. Whether you have an attic room, basement area, storage closet or outdoor space (like a poolside changing room), a Sanicompact toilet can provide this convenience for family and guests anywhere you want, without having to worry about the typical headaches adding or moving plumbing can create. There&#8217;s no need for major construction to add garage or basement installations, toilets for elderly family members and many other practical applications that can&#8217;t be added through conventional methods.<\/p>\n<p>Both the Saniaccess 3 and Sanicompact toilets provide quiet, efficient functionality that is economical and environmentally friendly, using far less water than a traditional plumbing system. Check out <a href=\"https:\/\/www.youtube.com\/watch?v=O-3-FbUpdcM\"  rel=\"nofollow\">this video<\/a> to see how you can use this year&#8217;s refund to add a bathroom.<\/p>\n<p><strong>4. Upgrade your kitchen<\/strong><\/p>\n<p>Depending on your budget (and refund), upgrading your kitchen is always a smart move. According to <a href=\"https:\/\/www.homelight.com\/blog\/what-upgrades-increase-home-value\/\"  rel=\"nofollow\">Homelight<\/a>, you can do a minor remodel of a 200-square-foot kitchen for approximately $21,000 and recover about 77.6% of that cost at resale. Don&#8217;t want to spend $20,000? No worries. Even minor upgrades &mdash; like replacing outdated faucets or cabinet hardware, refacing or painting cabinets and\/or adding a new backsplash can improve the appearance of your kitchen while helping raise your home&rsquo;s value.<\/p>\n<p>Before you get your tax refund, plan to maximize it by spending it on your largest investment &mdash; your home.<\/p>\n<a class=\"synved-social-button synved-social-button-share synved-social-size-48 synved-social-resolution-single synved-social-provider-facebook nolightbox\" data-provider=\"facebook\" target=\"_blank\" rel=\"nofollow\" title=\"Share on Facebook\" 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Why not maximize your refund by investing it in your home? There are a variety of renovation projects at different price points worth conside&#8230;<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,1],"tags":[],"class_list":["post-36122","post","type-post","status-publish","format-standard","hentry","category-diy","category-home-improvement-blogs"],"_links":{"self":[{"href":"https:\/\/homeimprovementblogs.com\/hg-blog\/wp-json\/wp\/v2\/posts\/36122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/homeimprovementblogs.com\/hg-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/homeimprovementblogs.com\/hg-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/homeimprovementblogs.com\/hg-blog\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/homeimprovementblogs.com\/hg-blog\/wp-json\/wp\/v2\/comments?post=36122"}],"version-history":[{"count":0,"href":"https:\/\/homeimprovementblogs.com\/hg-blog\/wp-json\/wp\/v2\/posts\/36122\/revisions"}],"wp:attachment":[{"href":"https:\/\/homeimprovementblogs.com\/hg-blog\/wp-json\/wp\/v2\/media?parent=36122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/homeimprovementblogs.com\/hg-blog\/wp-json\/wp\/v2\/categories?post=36122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/homeimprovementblogs.com\/hg-blog\/wp-json\/wp\/v2\/tags?post=36122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}