Tax season—a time of year just about everyone dreads. Even if you don’t owe money to the government, it can be hassle to get organized and actually file your taxes before that April 15 deadline (or, as is the case this year, April 18).
But for many homeowners, tax time can be something to celebrate since homeownership holds many financial benefits. While home is where we make memories, build our futures, and feel comfortable and secure, it also allows homeowners to take advantage of various tax deductions.
So if you are one of those lucky homeowners who expects a return upon filing your taxes, the big question becomes, “What to do with this money?” Sure, you can be responsible and put it into a savings or retirement account. Or you can take that much-deserved vacation or go on that long-awaited shopping spree. But another option is to be both responsible AND gain some personal satisfaction—put it into your home, likely your biggest investment.
The National Association of Realtors®’ consumer website HouseLogic has put together some ideas on how to invest that refund back into your home, no matter the situation. For example, new homeowners without much equity in their place could consider putting the money toward their mortgage. Making extra payments could shave several thousand dollars off in the long run.=
Homeowners a little further into their mortgage may want to tackle some improvement projects that make them both happier and recoup costs should they ever want to sell. Check NAR’s 2015 Remodeling Impact Report to see what projects make homeowners happiest and which ones bring back the most money upon resale).
And if homeowners are looking to put their place on the market soon, perhaps the right move is putting that refund cash toward staging your home for potential buyers. After all, 49 percent of Realtors® say that most buyers are positively affected by home staging, according to NAR’s 2015 Profile of Home Staging. Getting an expert to show you how to put your home’s best foot forward is a good idea, especially if you’re looking to sell quickly.
Check out HouseLogic’s ideas for improving on your biggest financial asset—your home—here. And happy Tax Day!
My name is Stephanie Albright and I specialize in helping buyers and sellers invest in real estate in South Florida, Treasure Coast and the Palm Beaches. I have 15 years of experience in the real estate industry which allows me to bring tools and solutions that exceed the expectations of my clients. I currently hold real estate licenses in Florida and Tennessee.
I am pleased to say that I educate myself on an ongoing basis to learn everything new about my business. The real estate business changes quickly, so I’m dedicated to being an expert in my field. I have designations such as, Short Sale Foreclosure Resource, (SFR) and I’m a graduate of the Graduate Realtor Institute (GRI). I’ve also been an Exit franchise owner and managing broker. I take my business very serious, so I’m able to share my knowledge with my valued clients.
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-792-3948 now.
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"Tue, May 17, 2016
Just wanted to take a moment to recommend an outstanding real estate agent. About a year ago my wife and I looked into buying a new house. We looked at exit realty's website and the next morning we received a call from Joseph Schneider. He is a true professional with an outstanding personality he will instantly make you feel welcome as if you're working with a longtime friend. My wife had unusual requests for the property and Joseph listened and found the property meeting all our needs. He is patient and knowledgeable I would recommend him to all. We purchased our new home in August and since then Joseph has remained in contact, just checking in from time to time. You can look but I doubt you will find a better agent !"