The Best Exterior Upgrades to Use with Your Tax Return in 2017
Tax season is officially here, and those who got an early start may have already received their return. If Uncle Sam gave you a significant return this year, you might be wondering about the wisest ways to spend your money. While some may use the money to go on vacation or pay down debt, other Phoenix residents choose to increase the value of their home.
Exterior upgrades are one of the best ways to overhaul the look of your home, increase its efficiency, and even help increase its resale value. Whatever your motivation is behind using your tax return on your exterior, these are the best upgrades to consider:
Energy Efficient Replacement Windows
Do you want the double whammy of keeping more money in your wallet while increasing the value of your home? You’re in luck. Energy efficient windows meet all the marks when it comes to getting the most out of your new exterior investment.
First, replacement windows are proven to keep your utility bills low. If you upgrade from outdated single pane glass to triple pane windows, you may see a savings as great as $465 per year.
Not to mention, energy efficient windows have an excellent return on investment. According to the Cost vs. Value Report from Remodeling Magazine for 2017, high quality vinyl windows offer a return of roughly 75%. This is especially good news for Phoenix homeowners looking to put their homes on the market this upcoming spring.
High Quality Vinyl Siding
The next exterior upgrade to consider is with new vinyl siding. If your curb appeal is less than impressive or you’re simply itching for a new look, new vinyl siding is an excellent investment for this year’s tax return. Similarly to new windows, vinyl siding also gives homeowners a healthy return on investment of roughly 65%.
Don’t forget that while new vinyl siding is beautiful, it also serves as a protective barrier for your home. If you’re living with outdated or poor quality siding, you might be exposing your home to risks such as mold and mildew growth—which can be considerably expensive to fix.
If there aren’t many major renovations on your home’s exterior to tackle this year, consider overhauling your landscaping. This is a quick way to give your home a fresh look, and you may even have some tax return money left over after this project.
Some of Phoenix’s most popular landscaping plants including Blue Myrtle Cactus. Argentine Hedgehog Cactus, Beavertail Prickly Pear, Banana Yucca, Dawn’s Aloe, Candelilla, and more.
From the look of your landscaping to the tip of your roof, consider using your tax return to make dramatic home improvements this year—resulting in increased home value and potentially lower energy bills.