Investing Your Tax Return in Home Projects

After tax season, many homeowners choose to invest their tax returns in remodeling projects. According to our research, 48 percent of homeowners take on remodeling projects that will make their homes more comfortable. While a growing emphasis on comfort represents a shift away from value-centric remodeling, it doesn’t mean you should ignore a project’s ROI potential. Here are a few projects that can make your home more livable and valuable.

Aesthetic Upgrades

Several key aesthetic upgrades can yield significant returns. For example, replacing your front door, siding and garage door can yield some of the highest ROIs. While these projects aren’t as fun as a kitchen remodel, they are smart investments that will improve the look and value of your home. If your exterior could use an upgrade, HomeAdvisor has door and siding pros ready to help.

Looking for a remodeling pro? Deck Addition

Adding a wooden deck is an investment that will boost the value of your home and improve your outdoor living space. Composite decking is another popular material. Composite decks are more expensive than wood alternatives. But they offer a longer lifespan and more resistance to aging and weathering. Find a decking pro.

Deck image Replacement Windows

In addition to improving the look and comfort of your home, new windows will also impact your utility bills. When it comes to replacing your windows, you have two choices: wood or vinyl. Both are good investments, though wood windows usually have a slightly higher ROI. Get quotes from screened and rated window pros.

Window Pro Kitchen Remodel

You'd be hard-pressed to find a home improvement expert or realtor who doesn't think a kitchen remodel is a worthwhile investment. To get the most bang for your buck, go with a minor, mid-range remodel. Want to check out kitchen remodeling costs in your area? HomeAdvisor’s True Cost Guide will tell you what you can expect to spend.

Luxury Kitchen

It's important to keep a couple of things in mind before starting any remodeling project. If you're planning on moving within five years, stick to smaller remodeling projects as they typically have shorter payback periods. Lastly, never spend more than 25 percent of your home's value on renovations.

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