GoBankRates.com estimates that the average tax refund this year will total about $3,000. In a survey conducted by that organization, 10 percent of respondents said they plan to splurge on a vacation or luxury item when the refund arrives. But 9 percent plan to use that money for a “major purchase.”
Some homeowners may choose to buy a refrigerator or washer and dryer with that windfall. But an even better investment would be a home-improvement project that may add to the home’s resale value. For example, a siding replacement adds $12,119 to a home’s average resale value per Hanley Wood. Building a backyard shed can also boost the value of your home, especially if the prospective buyer has a shed-ready hobby and needs an artist studio or woodworking space.
“Replacing home siding has consistently ranked as one of the best projects for increasing a home’s value,” says Karen Alves, LP’s Brand Segment Marketing Associate for siding. “When you sell the home, you recoup more of your investment than with comparably priced renovations like window replacement.”
With potentially $3,000 in hand, a homeowner can go beyond a just-the-basics renovation to one that adds significant home value. Here are some idea-starters for how to use a tax refund for a home renovation:
When your refund check arrives, resist the impulse to buy those tickets to Tahiti or jewelry store bling. Invest that money into some remodeling projects that make your home more creative and increase the asking price when you sell.
If you’re choosing new siding to go with your brick, selecting the best siding color combinations can be a challenge. It’s easy to feel overwhelmed with the many colors and textures available. To help you achieve stunning siding brick combinations, we’ll take you through the process starting with step one: selecting the best siding material for your home.Continue Reading
We’re halfway through 2020, and what better time to see how the exterior trends forecasted earlier this year are holding up? In this blog we’ll examine top siding trends and trending exterior house colors, and catch up with well-known designer Liz Marie Galvan on her insights around the home trends that are on the rise and here to stay.
Summer is almost here. And while more time in the sun brings heightened attention to UV protection and safety in high temperatures, homeowners should also think about the potential effects summer may have on different types of siding. If you’ve ever wondered what the best siding is for hot climates, we’re here to shine a light on hot weather siding myths and learn what is the right siding for warm weather.
Tudor-style architecture looks like it was created from the pages of a romantic storybook, intertwining medieval charm with a quaint English country manor. While the design is reminiscent of the English Tudor period of 1485–1603, the style didn’t appear in the U.S. until the late 19th century.