8 Ways to Use Your Tax Refund to Improve Your Home
If you are expecting a significant tax return this year, it can be a great opportunity to make improvements to your home that you may have wanted to do but did not have the capital for at the time. Whether you would like to add market value to your home, reduce your energy costs, or simply improve your comfort, there are plenty of ways your tax return can help.
A tax refund also gives you the opportunity to take advantage of manufacturers’ rebates for HVAC systems, large appliances, and other products, without tying up money you may need while you wait for the rebate check to arrive.
1. Upgrade Your HVAC System
A new, high-performance HVAC system can significantly reduce your long-term energy costs while improving your comfort and making your home easier to sell in the future. Today’s models also offer great optional features that make them more convenient to use, such as WiFi thermostats, zoning controls, and more.
2. Replace Your Water Heater
If your water heater is older or not as efficient, a tax return may be a great excuse to upgrade it. With the extra money, you can upgrade to a more efficient model or even a tankless water heater, reducing your energy costs in the future.
3. Remodel Your Bathroom
Is your bathroom tired and outdated? Update to modern fixtures, flooring, and lighting to give it a whole new look. Bathrooms and kitchen renovations offer the best returns on your investment, and they can make life easier and more comfortable.
4. Remodel Your Kitchen
A minor remodel of your kitchen, such as replacing sinks, faucets, appliances, lighting, and flooring, can add significant value to your home. Large renovations tend to offer lower returns.
5. Seal & Insulate
Winters in South Jersey can be harsh, and that winter chill can lead to high heating costs. With a decent tax return, you can make your home easier and less expensive to heat by adding insulation and sealing any air gaps.
6. Replace Your Fuel Tank
If you heat with oil, like many in South Jersey, a large tax return may present you with the perfect opportunity to upgrade an old, dilapidated fuel tank or install a larger one.
7. Add a Backup Generator
Do storms knock your power out frequently? A backup generator can keep your family warm and safe during an extended power outage, keeping your HVAC system, refrigerator, and things like emergency radios operating. A tax refund can make the initial investment easier to justify.
8. Install a Water Treatment System
If you have hard water, acidic water, or simply poor-tasting water, a water conditioning system can help. With the right conditioning system, you can protect your plumbing from mineral damage and corrosion, improve the taste of your water, and eliminate contaminants like lead, arsenic, bacteria, and parasites.
Home Comfort Services in Medford, NJ
At Harriett’s Energy Solutions, we can help you with all these projects and more! We offer a wide range of home comfort services, including heating and air conditioning services, plumbing services, energy efficiency services, generator installations, fuel tank installations, and more. Since 1929, we have been serving homeowners throughout the Medford and surrounding South Jersey area, and we feature experienced, certified professionals who are eager to help with all your home comfort needs!
Contact us today at 609-451-0914 to schedule an appointment or request an estimate!