4 Reasons to Invest Your Tax Refund in Your Home

Tom Hall on Apr 02, 2018

Once that tax refund drops into your bank account, you might be drooling at the thought of what you could do with it. If you follow these tips, you’ll understand why using that money to invest in your home is the ideal choice.

 

1. Home Upgrades Increase Resale Value

Every time you complete a home improvement, you are making an investment in your future resale value. Even if you don’t plan to sell your home anytime soon, keeping certain aspects of your home in an updated condition could help you sell it later, at a better price.

This means that if you have been looking for a justification to redo your kitchen or bathroom, or replace your appliances, this is all the reason you need. A plumbed kitchen island, luxurious spa tub or new air conditioner might be the perfect target for your tax refund.

 

2. If You Repair Now, You Might Avoid Replacement Costs

When you know that a specific part of your plumbing or HVAC system is barely limping along, you should keep in mind that repair is often better than replacement. While your furnace or water heater might not be giving you the best output, or your toilet keeps getting the same clog every day, it is wiser to fix it while it still works.

Once a piece of the system quits entirely, everything else can back up quickly. Invest the time and your tax refund money to have your plumbing expert resolve it now, and you could save thousands of dollars.

 

3. Replacing Appliances Could Save You Money

Upgrading your HVAC or plumbing is a fair investment. If your water heater, furnace or air conditioner has seen better days, you might worry about how much it will cost to replace it. Having a handy stack of cash you didn’t have to save for is a sure bet. You won’t miss the money because you just received it in your account.

By paying for most or all of the upgrade in cash, you can also pay less in interest. And when your new system is ready to go, you will likely save money on your utility bills, too!

 

4. Improving Home Comfort Is a Win for Everyone

If you are like the average homeowner who needs to pinch every penny,, you might be surprised to learn that your home comfort could be the best investment of all. If your home is stuffy in the summer or icy cold in the winter, you are less likely to stay there.

Instead, you find yourself migrating to other places for contentment (and spending money while you’re there). Improving your home comfort could be all your family needs to find peace and relaxation right in your own space.

Putting money into your home and your family’s happiness is always a good decision. For more information about how you can get the best value out of your HVAC and plumbing, contact Master Plumbing, Heating & Cooling today!

 

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Sources:
https://www.angieslist.com/articles/it-time-repair-or-replace-my-air-conditioner.htm
http://www.remodeling.hw.net/cost-vs-value/2018/
https://www.energystar.gov/index.cfm?c=heat_cool.pr_checklist_consumers
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