MONDAY, APRIL 30, 2018
It’s tax season again, and Business Insider reported that the average federal tax refund in America this year is expected to be around $2,895.00. Using HomeAdvisor’s True Cost Guide, we put together a handy list of home improvement projects that you could tackle with your federal return money and still come in under budget.
RELATED: Read 10 Overlooked Home Projects
- Re-paint Your Rooms
HomeAdvisor True Cost Guide National Average: $1,753
Nothing revitalizes a room like a fresh coat of paint. Anyone can pick up a paintbrush, but with a few pointers, you can be painting like a pro.
- Paint Your Home's Exterior
HomeAdvisor True Cost Guide National Average: $2,690
Curb appeal projects add value to your home and often have a better return on investment than interior projects.
- Install Countertops
HomeAdvisor True Cost Guide National Average: $2,908
Changing out countertops can update the look of a kitchen dramatically. The price between different types of countertops vary, so knowing exactly what you want is key.
- Install a Tankless Water Heater
HomeAdvisor True Cost Guide National Average: $1,770
There’s a lot to love about instantaneous water heaters. They provide on demand, endless hot water to any fixture in the house by sending water directly through a burner, therefore bypassing the need for a tank. While these work better in houses with less square footage, they’re definitely worth considering.
- Install a Paver Patio
HomeAdvisor True Cost Guide National Average: $1,440
With spring on the way, this is a perfect project to tackle. Patio projects vary drastically in cost – a small, concrete patio costs only a few hundred dollars, while a massive, bluestone patio can cost upwards of $7,000.
- Install Closet Organizers
HomeAdvisor True Cost Guide National Average: $1,521
Nothing beats an organized closet. Since every closet is different, it’s important to really analyze the space you’re working with and pick the solution that maximizes the use of that space.
- Install a Fireplace or Wood Stove
HomeAdvisor True Cost Guide National Average: $2,036
Winter may be coming to an end, but adding a fireplace is a great year-round project. Some have a functional purpose and actually do some of the work heating your home, while others just serve an aesthetic purpose.
- Tree Removal
HomeAdvisor True Cost Guide National Average: $740
Removing dead or dangerously leaning trees can make a big impact in your yard. Unless you want to risk being one of the 36,000 people who will be hospitalized this year due to a chainsaw injury, we suggest you leave this project to the professionals.
- Install a Water Treatment System
HomeAdvisor True Cost Guide National Average: $1,663
Before you get started, ask yourself why you want a water treatment system, because different filters treat different problems.
- Install a Water Fountain
HomeAdvisor True Cost Guide National Average: $2,607
Water features dress up any landscape, but they can be more than just decorative. Landscape designer Jenn Nawada worked on this water feature recently that also collects rainwater and connects to a garden hose to be used for watering plants and other outdoor water needs.
RELATED: Read 4 Green Home Improvement Projects That Will Save You Money
Make sure you notify your insurance agent of any major updates, additions or upgrades to your home, so you can be sure your homeowners insurance policy will appropriately cover all your new hard work! Talk with your agent today to review your policy!
SOURCE - This Old House - Home Improvement Projects to Tackle With Your Tax Return
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