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Home Renovation Projects for Your Tax Return

March 21, 2017

Smart Indianapolis denizens have already completed their 2016 taxes and may have already spent their return checks. But before you start burning through that return like a kid in a candy store, think about where you can spend that money that will benefit you in the long run. The answer to that for many in Indianapolis will be to put that money back into their home.

To aid in planning your tax refund investment, here are some of the best home projects that you can do. From new shutters and floors to putting in new appliances, these suggestions will help you get the most out of your tax return.

New Flooring For Spring

Awesome new floors are some of the best gifts you can give your Indianapolis home this spring. Alongside your annual spring cleaning, new floors can completely change the look and feel of your home for the new season. Just imagine how a new hardwood floor, carpet or tile might look in some of the rooms in your home.

Indianapolis hardwood floor and blinds

New flooring is a fantastic tax refund project because it can increase your home’s value. It’s a fact that certain types of floors like hardwood and natural tile can increase the resale value of a home, while a stylish new carpet or laminate floor can improve your house’s walkthrough appeal if you’re thinking about putting your home on the market at some point.

Spring Into New Window Treatments

As with new flooring, a new window treatment can transform the style of your home. But tax time is an even better time to consider new window treatments, as the weather changes more with each day and you begin to open your windows more often. Some of the best selling and best looking window treatments for springtime include plantation shutters and shades.

Indianapolis shutters in dining room and living room

Certain window treatments can help you get even more money back on your next return. Polywood® plantation shutters are such an energy efficient window treatment that as a bonus to saving you on your monthly heating and AC bills, the shutters make you eligible for energy tax credits. If new window treatments are your gift to yourself with your tax return, make sure to consider energy efficiency and home value in addition to their looks.

Invest in Newer Appliances

Next to new window treatments like shutters or putting in a new hardwood floor, what’s the next best home improvement you can make? For most Indianapolis homeowners, that answer would be putting in new appliances. Like window treatments and floors, new appliances can be a bold fashion statement and update the feel of your home.

Indianapolis kitchen with shutters and appliances 

Begin with the appliances in your kitchen. Your refrigerator, microwave, and stove are some of best appliances to start with when thinking about replacements, as those are typically the most-used and most visible. Ensure that any new appliance you purchase has a complementary look. For example, stainless steel appliances look modern while still being relatively neutral, so even if you redo your countertops or choose a new color scheme, your appliances complement the decor just as well.

More Tax Refund Home Projects

Reinvesting in your home is one of the best decisions Indianapolis homeowners can make. For more suggestions or for help getting started on those new shutters, call Sunburst Shutters Indianapolis at 317-558-9066. We’ll come out to your home for a complimentary, no-strings-attached design consultation to help you make the best decision for your home this season.