By Erica Christoffer, Web Producer, REALTOR® Magazine
Tomorrow is Tax Day. For procrastinators who are scrambling to meet the filing deadline — good luck. For those who have long since finished their taxes and are expecting a refund, now is a good time to consider the best use of those dollars.
HouseLogic, the National Association of REALTORS’® consumer Web site, has posted some great tips for investing tax refunds in a home. Their articles outline maintenance, upgrades, and investments at different price points – and how those projects will pay off in the long-run. Here are a few examples:
Projects under $500: Upgrade the bathroom with low-flow showerheads to improve efficiency and save on the water bill.
Projects under $1,000: Replace the front exterior door to cut down on energy costs and improve curb appeal.
Projects under $2,500: Beef-up the attic insulation to lower the heating bill (can also be claimed on 2010 taxes for an energy tax credit up to $1,500).
Consider sharing these timely ideas with your sellers. Just a few low-cost improvements can give a home a leg-up in the market. And be sure to check out the REALTOR® Content Resource, where NAR members can download HouseLogic content for use on Web sites and blogs or in e-newsletters to clients.