We’re in the final stretch of tax season with the last day to file your taxes being April 17th! While filing your taxes can be a pain, getting your tax refund check back surely isn’t! Whether you are expecting a few hundred or a few thousand dollars, why not put some of it to good use around your home. Check out our top 3 ways to put your tax refund back into your home.
Give your home a mini-facelift
Have you been dreaming of adding backsplash to your kitchen? How about replacing your bathroom vanity? Or what about adding a fresh coat of paint throughout the house? Go for it! Chances are, your refund will cover these types of small projects — and more. You’ll also get a two-for-one deal in the process! Not only will you be improving your home aesthetically, you’ll be adding value at the same time!
Finally make your home more energy efficient
Why not invest your tax refund into something that will save you more money in the long run! Making your home more energy efficient can be as simple as buying energy-efficient appliances, adding extra layers of insulation, buying a programmable thermostat, or even purchasing low-flow shower heads. If you received a hefty tax refund this year, why not consider installing solar panels or replacing your natural grass for an artificial option. All of these changes will save you money in the long run and even gain you some tax breaks for next tax season!
Pay down debts
Although this option may not be as exciting as new kitchen backsplash, it’s a great way to help yourself get a few steps ahead. With home prices continually moving upwards and interest rates still remarkably low, you may have taken out a home equity loan to fund a few remodeling projects. Use your tax refund to pay down this debt and free up more of your spending money.