With less than a month to go before Tax Day in the United States, tax refunds are sure to be rolling in across the country. You may have already earmarked these “extra” funds for a vacation or another large purchase, but if you don’t have a special purpose for it yet, we have a suggestion. Put your tax refund to work and use it to make some updates around the house. The return you see from sinking this money into improving your home will equal a much greater reward later on down the line. Need some ideas for home improvement projects that your refund will cover? Read on!

If you have $100 to spare…

  • Replace cabinet hardware. This is a small, inexpensive upgrade than can actually make a big difference. Replacing old, tired hardware gives cabinets just enough of a facelift without putting a big dent in your wallet.

  • Brighten up the entrance. If your entryway is in dire need of a refresh but you can’t afford a new door just yet, try adding a fresh coat of paint. Use a cheerful color like sunny yellow or beachy blue, touch up the paint on the trimwork with white or another contrasting color, and add a colorful new welcome mat!

  • Refresh interior paint. Again, if you’ll be selling soon, go with something neutral. It doesn’t have to be white or beige. Dove gray and calming blue are always popular neutrals.

If you have $500 to spare…

  • Get a new entry door. Up your curb appeal and add a little security with a new steel door. They tend to run around $500 and last a long time.

  • Switch to a programmable smart thermostat. Not only are smart thermostats convenient, but they can also help save money on your energy bill. Buyers also tend to look for smart technology when shopping for a new home.

  • Retile your backsplash. Another great way to give a kitchen a little facelift is to replace the backsplash. If you think you’ll sell soon, go with something neutral like white subway tiles. If you don’t plan to move in the foreseeable future, go with whatever you want—fun, patterned tiles, bright colors, etc.

If you have $1,000 to spare…

  • Replace inefficient appliances. An up-front investment in Energy Star appliances can help you save money on energy costs. Buyers tend to look for energy-efficient appliances when home shopping.
  • Tile the bathroom floor and shower. A little tilework can go a long way toward creating a luxurious, spa-like feel in a bathroom.
  • Update fixtures. Switching out faucets and light fixtures is another way to give a space a little facelift that makes a big yet subtle difference overall.
  • Add new custom blinds or shutters. If you have old, outdated blinds or window shades, think about modernizing your window coverings by replacing them with gorgeous wood blinds or plantation shutters.

If you have $3,000 to spare…

  • Install new countertops. Get rid of that old laminate top and invest in natural stone counters like granite or quartz. There are some truly gorgeous options out there, and they’re also heat and scratch-resistant.

  • Refinish the kitchen cabinets. Brand new cabinets might be out of your price range for right now, but you can certainly refinish your existing ones and breathe new life into them. Whether you DIY or hire a pro, this is a great way to give your kitchen a major makeover without doing a full overhaul.

  • Enhance your landscaping. Work on your curb appeal. Springtime is the perfect time to refresh your lawn and your home’s exterior. If you’ve been meaning to sod the yard, start a garden, build a porch covering, install a new walkway, add a privacy fence, or build an area for outdoor entertaining, go for it!

 

 

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