April brings many things: rainy weather, spring blooms and of course, the tax deadline. If you’re tempted to spend your refund on a vacation or something equally pricey – you may want to reevaluate how you can get the most from your refund. Thinking strategically about how to spend your refund can get you the maximum value!
No matter the size of your refund, there are a few projects you can take on that will give your home a little (or a lot) of an upgrade. Take a look below to start planning your home’s next upgrade!
Kitchen
If you want to focus your efforts and dollars on a specific room, the kitchen is your best bet. Upgrades to your kitchen will potentially add value to your home and maybe make it a little more livable. Splurge on a new appliance, upgrade your cabinets or change your counter tops for a new look.
Lighting
Want to change up the look and feel of your entire home without making big updates? An easy and affordable upgrade is changing your home’s light fixtures! Choose from any style and price range to fit your needs.
Flooring
If you’ve always dreamed of having wood floors, funding this upgrade with your refund could bring big returns on your home’s value. You can try to DIY this to save or splurge for professional installation.
Patio & Lawn
Building a new patio or deck during spring can make for a perfect place to spend your summer! Consider taking the time to create a new space for your back yard. If you already have a stellar patio, take the rest of your upgrades outdoors.
Exterior
There’s nothing like a curb appeal boost! If you want to focus your efforts on the appearance of your home you can opt for a few updates like painting the exterior, getting a new door or updating your garage door.
Energy Efficiency
Thinking of adding a little green to your home in the guise of energy efficiency? Replacing old kitchen appliance with Energy Star models, sealing air leaks, adding insulation or replacing drafty windows is a great way to start making your home more efficient (and save you some cash in the long run).
Looking for a bigger project than just a quick home update? Connect with a PrimeLending loan expert to learn more about our renovation loans.
