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Best Ways to Spend Your Tax Return

It’s always nice to get a big chunk of money back on your tax return.  How should you spend that money though?

Instead of hitting the mall, here’s some ideas to consider…

 

  1. Update your home’s fixtures.

Updating fixtures goes a long way to giving a modern “look” to a house.  Making the light fixtures and the ceiling fans all match is  what they do in new construction.  How about replacing door handles, hinges, faucets, and bathroom light fixtures to match modern home design trends?

 

  1. Trim and Mouldings

Installing crown moulding, baseboards, or wainscoting is a sure fire way to create a more refined look.

 

  1. Make Kitchen Repairs

Focus on making repairs like a new kitchen faucet, eliminating burn marks on the countertops, maybe repainting your cabinets and installing new hardware with a modern finish.  It doesn’t have to cost a lot.

 

  1. Spruce Up the Exterior

Keep in mind that the curb appeal is the first impression for many buyers online and in person.  Invest in some fertilizer to green up your lawn, even some chemical to get rid of the dandelions!  Trim the shrubs, paint the front door, clean the windows till they shine, set out some seasonal flowers in a flower pot.  These all go a long way to impress!

 

  1. Upgrade the Bathroom

Rather than taking on an expensive renovation, make sure your bathroom is tip-top clean.  Clean the tub and shower (make sure there’s no grungy mildew or soap scum), regrout the tile if needed, and install new fixtures.  Invest in some new towels if it’s been awhile.

 

Whether or not you’re getting ready to sell, these tweaks are cost-effective, and will result in a new look.  They may be small, but will make a huge impact!

Something Old, Something New – How to Decide on New or Existing Construction

Thinking about a new home but not sure whether you want new or existing construction? The best place to start on these kinds of big decisions is a pros and cons list:

New Construction

  • You get a brand-new home with brand-new everything. Your a/c unit is fresh and unused. No one’s food has ever been inside the fridge.
  • In a new home, you can pick certain features and decide on aspects of the home, from details as small as the finishes, to as major as the floor plan or even overall home design, depending on what you buy.
  • Your home has never, ever, been lived in by anyone else. It’s ALL you, baby.
  • You can make it totally your own.
  • There’s no bad “juju” from former owners, no one else has been there to funk up the place with their cooties.
  • New construction homes are often turn-key, move-in ready, with no major renovation work to do, maybe just some finishing touches.

Existing (Old) Construction

  • Older homes are generally more affordable than new homes, which people will pay a premium for new construction.
  • Existing homes are often located on larger lots as newer homes tend to be larger homes on smaller plots of land.
  • Older homes have cool, unique features or specialty craftsmanship from bygone eras that are considered vintage and sought after.
  • You can be a part of a charming, established neighborhood with history and character.
  • The landscaping is already done, with previous owners adding special features over the years. Mature trees and foliage are already in place and you don’t have to do a thing, other than maintain your existing yard.
  • You can buy for a lower price, renovate, and make it your own. If you’ve ever watched HGTV, you’ve definitely seen shows where people have a choice between buying a new home or an older one. The older home almost always can be purchased for significantly less, and even with a renovation budget included, it will be a better buy in the long run.

Either way, we’d love to help you make that decision!  Contact Advantage Real Estate and let us know what we can do!