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Home Renovation Projects for Your Tax Return

March 21, 2017

Savvy Bluff City residents have likely already filed their 2016 taxes and might have even cashed their return checks. But before you start burning through that return like a kid in a candy store, think about where you can use that money that will give you the biggest benefit. The answer to that for many in Bluff City will be to invest that money back in their home.

To aid in planning your tax return investment, below are a few of the best home projects that you can do. From installing shutters and floors to purchasing new appliances, these projects will get you the most out of your tax return.

New Flooring For Spring

A dazzling new floor is one of the best gifts you can give your Bluff City home this spring. In addition to your yearly spring cleaning, new flooring can completely change the look and feel of your house for the new season. Just think about how a new tile floor or hardwood could look in some of the rooms in your home.

Bluff City hardwood floor and blinds

New flooring is a great tax refund project because it naturally increases the value of your home. It’s proven that certain flooring like real hardwood and natural tile can increase the appraisal value of a home, while a stylish new carpet or laminate floor can decrease time spent on the market if you’re thinking of putting your home on the market at some point.

Spring Into New Window Treatments

As with new flooring, the right window treatment can transform the style of your home. But tax season is an even better time to consider new window treatments, as the weather changes as each day passes and you start opening up your windows more. A few of our favorite window treatments for the spring include plantation shutters and shades.

Bluff City shutters in kitchen and living room

Some window treatments can help you get even more money in your pocket on your next return. Polywood® plantation shutters are such an energy efficient window treatment that in addition to lowering your monthly heating bills, the shutters qualify you for energy tax credits. If new window treatments are your present to your home with your tax refund, make sure to consider home value and energy efficiency in addition to how they look.

Invest in Newer Appliances With Your Tax Refund

After new window treatments such as shutters or putting in a new hardwood floor, what’s the next best home improvement you can make? For most Bluff City homeowners, that would be putting in new appliances. Similar to window treatments and floors, new appliances can make a striking fashion statement and bring the look of your home up to date.

Bluff City kitchen with shutters and appliances 

Start with the appliances in your kitchen. Your refrigerator, microwave, and stove are some of best appliances to start with when thinking about replacements, since those are typically the most-used and most visible. Be sure that any new appliance you install has a complementary look. For example, stainless steel appliances look modern while remaining relatively neutral, so even if you redo your countertops or want to change up your colors, your appliances complement the decor just the same.

More Tax Return Home Projects

Reinvesting in your home is one of the smartest decisions Bluff City homeowners can make. For more suggestions or for help getting started on those new window treatments, call Sunburst Shutters NW Tennessee at 276-685-5343. We’ll come out to your home for a free, no-hassle design consultation to help you make the best decision for your home this season.