Tax Refund on the Way? Invest It in Your Home
If you’re fortunate enough to have a nice windfall coming your way in the form of a tax refund, there are lots of ways you could spend that money, from a much-needed vacation to a shopping spree at the mall.
But a better idea might be to multiply those dollars by investing them in a home improvement project that will not only enhance your living space and lifestyle, but also increase the value of your home. According to Remodeling magazine’s 2019 Cost vs. Value Report, the five projects with the greatest return on investment (ROI) in the mid-range cost category are: Manufactured Stone Veneer - 94.9 percent ROI Minor Kitchen Remodel - 80.5 percent ROI Deck Addition (Wood) - 75.6 percent ROI Siding Replacement - 75.6 percent ROI Entry Door Replacement (Steel) - 74.9 percent ROI If your refund isn’t sizeable enough to fund this type of large-scale remodel, a smaller improvement can go a long way in terms of adding value to your home. Consider:
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