Top 5 Projects Under a $1,000 To Get The Most Out of Your Tax Refund

home_imgYour tax refund is on its way and you think you are going to put it to good use by updating and replacing an area of your house. Here are the top 5 projects under $1,000 to help you get the most out of your tax refund!

Replace Your Water Heater

One of the best ways to put your tax dollars to good use is to replace your water heater and save a little on the heating bill all year-long. Whether your current water heater is gas or electric, if it is old (most professionals suggest that the life expectancy is about 8 to 12 years) it is a good idea to replace your water heater. The cost of replacement water heater will depend on the size and the type of unit you select, but on average is approximately $1,000.

Interior Painting

Giving your home a face lift by repainting the interior walls is another way to stretch your tax refund dollars! If you do the work yourself (DIY) then you can get away with just the cost of the paint and supplies such as drop-cloths to protect against drips and maybe a ladder (if you don’t have one), brushes, rollers, paint and tape to prep the finishes.

However, not everyone has a “painter’s gene” in which case you will probably want to hire a painting professional or contractor.

Update the Bathroom

Although you may think it is impossible to update the bathroom for $1,000 or less, the truth is you can achieve a luxurious feeling in your bathroom without going over budget. The key to stretching those dollars is to add small splashes of high-end finishes. For example, using glass tiles as an accent in the shower, at the vanity or in the flooring is a great way to add luxury at a fraction of the cost of using glass tile throughout the space.

Don’t forget to check old flooring, dated lighting and update old plumbing fixtures. The key here with a limited budget, is to do one job at a time. Painting old vanity cabinetry is another low-cost way to freshen up the bathroom.

Replace Your Doors

How can you breathe new life in your home’s appearance, save on the heating and cooling bill and still stay on budget? You can do it all if you simply replace your doors! When it comes to door replacement, there are so many different things to consider, such as door composition (wood, composite, metal, hollow core, solid core), configuration (single or double door), glass panels to allow natural light to filter through and door hardware. A door professional can help you make the decision for your home, a decision that is perfect for your home and your budget.

Landscaping

There must be a reason why tax refund season is in spring! If the idea of a gorgeous yard with fragrant blooms is for you, then you should consider a landscaping project. The fact is that you don’t have to drain the bank to afford beautiful landscaping for your yard. For under $1,000 you can create an outdoor oasis!

Replacing mulch or gravel and adding foliage will give a tired and dull landscape, new life. If you don’t have a designated patio or sitting area, you can create one with brick pavers or stone. Water features are always a good idea when it comes to landscaping. Not a lot of planting space? No worries! You can still have a thriving garden with the proper use of containers and special area plants.

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