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Home Remodeling Projects for Your Tax Return

March 21, 2017

Forward-thinking Cincinnati denizens have already filed their taxes for 2016 and might have even spent their refund checks. But before you start going through that refund like a kid in a candy store, consider where you could use that money that will benefit you in the long run. The answer to that for most residents of Cincinnati is to invest that money back in their home.

To aid in planning your tax return investment, here are some of the best home improvement projects that you can do this spring. From installing shutters and floors to purchasing modern appliances, these projects can get you the most out of your tax refund.

New Flooring For Spring

A dazzling new floor is one of the best gifts you can give your Cincinnati home with your refund. Complementing your yearly spring cleaning, new floors can completely transform the look and feel of your house for the new season. Just think about how a new hardwood floor, carpet or tile might look in some of the rooms in your home.

Cincinnati hardwood floor and blinds

New flooring is a great tax refund project because it can increase your home’s value. It’s proven that certain flooring like real hardwood and stone or tile can increase the appraisal value of a home, while a beautiful new carpet or vinyl floor can help increase a home’s walkthrough appeal if you’re thinking of listing your home on the market in the near future.

Spring Into New Window Coverings

Similar to new flooring, a new window treatment can radically change the style of your home. But tax time is an even better time to think about window treatments, as the weather starts changing with each day and you start opening up your windows more. A few of our favorite window treatments for the spring include plantation shutters and shades.

Cincinnati shutters in dining room and great room

Some window treatments can help you get even more money back on your next return. Polywood® plantation shutters provide such great energy efficiency that in addition to lowering your monthly heating and AC bills, Polywood shutters qualify you for energy tax credits. If new window treatments are your gift to yourself with your tax return, be sure to consider home value and energy efficiency as well as how they look.

Choose New Appliances With Your Tax Return

After new window treatments such as shutters or installing a new hardwood floor, what’s the next best home project to invest in? For most Cincinnati homeowners, the answer is investing in new appliances. Like window treatments and floors, new appliances can be a striking fashion statement and update the feel of your home.

Cincinnati kitchen with shutters and appliances 

Begin with your kitchen appliances. Your fridge, dishwasher, and range are some of best appliances to start with when thinking about replacements, as those are often the most-used and most visible. Be sure that any new appliance you purchase has a complementary look. For instance, stainless steel appliances look ultra-modern while still being relatively neutral, so even if you install new counters or want to change up your colors, your appliances complement the decor just as effectively.

More Tax Refund Home Projects

Reinvesting in your home is one of the savviest choices Cincinnati homeowners can make. For more suggestions or for help getting started on those new shutters, call Sunburst Shutters Cincinnati at 513-216-9740. We’ll travel to your house for a free, no-strings-attached design consultation to help you make the right choice for your home this spring.