“While some people may choose a spontaneous purchase with their refund dollars, smart homeowners choose to pay down their debt or invest in a project with solid payback,” says Roger Murphy, president of Hy-Lite, a U.S. Block Windows Company. “Using refund dollars to enhance your living experience in the kitchen or bath pays off every day. Whether it’s purchasing a much-needed appliance, fixing plumbing issues or replacing an old window, these are enhancements you’ll enjoy continually throughout the year.”
Nationally, when it comes to renovation ROI, curb appeal still wins. Here are the top five projects with the greatest ROI in the report’s “midrange” cost category:
Manufactured Stone Veneer (97.1 percent ROI)
Entry Door Replacement (Steel) (91.3 percent ROI)
Deck Addition (Wood) (82.8 percent ROI)
Minor Kitchen Remodel (81.1 percent ROI)
Siding Replacement (76.7 percent ROI)
Before you go on that shopping spree with your check from Uncle Sam, think about how you might spend it on your home instead. You’ll be the beneficiary in the long-run!
DFW Property Management manages rental homes across 85+ cities in the Dallas-Fort Worth metroplex. Get a free rental analysis to see what your property could earn with professional management.
