For 2019, tax experts anticipate 73% of tax filers to receive a return. With the average return being $2,725, many Americans are deciding how to best spend their money.
While it might be tempting to spend tax refund dollars on something fun and frivolous, financial experts recommend putting this money towards an investment of some kind.
Investment recommendations range from paying off high-interest debt, making a principal only mortgage payment or investing in your home.
Home improvements not only lead to greater satisfaction on finally checking things off the list that you’ve been meaning to get to, but they also increase the value of your home.
According to HGTV, below are some of the top home improvement projects that yield the largest return:
- Minor bathroom remodel
- Minor kitchen remodel
- Exterior improvements
- Attic bedroom conversion
- Major bathroom remodel
- Major kitchen remodel
- Deck, Patio or Porch Addition
- Basement remodel
- Replacement windows
The return on minor bathroom remodels is 102 percent, according to HGTV. Updating that old shower enclosure or replacing your mirrors can work wonders in a bathroom. If you are looking for a more modern feel, a frameless shower enclosure will not only change the look and feel of your bathroom, but it will create the illusion of space.
Replacing your windows might seem like a large and overwhelming project to take on, but it can actually be a very painless process and the return is worth it! HGTV states that the “average return at resale is 89.6 percent”. While the return on the resale is less in hotter climates like Arizona and Nevada, the energy efficiency gained is big. We use a Low-E glass that reflects heat, in turn saving you money on those costly energy bills.
Demers offers free quotes on any project so if you are thinking about upgrading your bathroom or replacing your windows give us a call at 1-888-GLASSMAN. We also offer many other residential services including skylights, pet doors, glass tabletops, glass tinting, retractable screens, insect and solar screens.