Invest Your Tax Return into Your Biggest Asset

After tax season, many homeowners choose to invest their tax returns in remodeling their homes. 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

Investing in a few key aesthetic upgrades can yield significant returns on your home improvement. 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. The key here is to not over-invest in your project. Composite decking might be more resilient, but with a significantly higher average cost and drastically lower ROI, it isn't nearly as smart of an investment as wood or other materials. Find a decking pro.

Deck image Replacement Windows

Besides improving the look and comfort of your home, new windows can have a dramatic impact on 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

Finally, the room every homeowner dreams of remodeling: The kitchen. 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

Last but not least, before starting any remodeling project it's important to keep a couple of things in mind. 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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