If you’re due a tax refund this year, you may want to consider investing some of it into your home. Keeping your home up to date will contribute to its longevity, heighten your enjoyment and help you sell your home if you ever decide to.
Even smaller investments can improve your home’s value and make it more livable. Here’s 5 home improvements that add value to your home under $3,000.
- New Front Door.. A new front door can enhance curb appeal ans improve security. According to Remodeling magazine’s Remodeling 2014 Cost vs. Value Report, a $1,162 steel entry door replacement project returns 96.6 percent of your investment.
- Garage Door Replacement. The appearance and condition of your garage door plays a big role in your home’s appearance. According to the Cost vs. Value Report, an uninsulated, 16-by-7-foot garage door costing $1,534 will increase your home’s resale value by $1,283, a return of 83.7 percent. .
- Weatherized Windows. Insulation, caulk and door seals reduce household energy consumption by almost 35 percent in the typical weatherized home. And, replacing old windows with Energy Star-qualified windows can reduce household energy bills by 7 to 15 percent.
- Fresh Coat of Paint. If you’re selling your house sometime soon, opt for neutral colors that have more universal appeal. Even if you’re staying put, a fresh coat of paint can update your space for a fraction of the cost of a total remodel.
- New Appliances. New kitchen appliances are a sure bet when it comes to increasing home value. Refrigerator, stove, microwave and dishwasher. Make sure to go with energy star appliances for maximum savings.
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