Can You Claim Tax Refund On Remodeling? | Here Are 5 Reasons Why It Is Worth Paying Attention To

Funding a home remodeling project that you’ve been putting off is a great way to use your extra money.

Here are the benefits of remodeling.

1. Gain more living space

A house that’s too cramped can be a bummer for everyone.

Why not look into ways that you can remodel your space to give you and your family room to do the things you enjoy to together or room to entertain.

For example, think about your kitchen. Do you have enough storage space? Would an island make preparing meals much easier?

If you’ve always wished you had a kitchen big enough to host your extended family for holiday meals, remodeling the space can be worth every penny you spend – not only in the satisfaction and happiness you feel but in an increased selling value, too.

2. De-clutter

It’s difficult to have a place for everything and put everything in its place when you don’t have enough space!

A bathroom that has plenty of room to store extra towels, linens, and bubble bath can ease the stress that you didn’t even know you were carrying.

Adding a walk-in closet to your bedroom can give you a place to put the stacks of clothes that didn’t have a home before.

Building in some much-needed storage is a great use of your tax refund and one that will serve you well for many years to come.

3. Improved functionality

Making changes that make your home more livable will not only make things easier for you; it will also prove to be a good selling point when the time comes that you’re ready to move on.

Choose one area of your home that you’re continually frustrated with and talk to a contractor about how you can make it flow better or become more usable.

4. It’s easier and less costly than moving

Before you decide to stick a sign in the front yard and start looking for a new home, take the time to evaluate what it is you don’t like about your current home.

Are the things you don’t like issues that could be remedied with some structural changes? You’ll find that making adjustments – even major ones – is still less expensive than the costs and stress of buying a new home.

5. Add value to your home

There are a number of improvements that you can make to your home that will raise the value and give you a significant return on your investment. Remodeling the bathroom and the kitchen are always good choices, as well as finishing your basement and making it livable space.

What will you remodel this year?

Have you thought about what area of your home could use some work?

Whether it’s your bathroom, kitchen, or a bedroom, it’s a smart idea to use your refund for an investment in your home that will offer a great return.

Keep in mind that even though a full remodeling project may cost more than the amount of your tax refund, it can be a good boost to get the ball rolling.

Talk to your contractor about your options today.

For help remodeling your home, contact your local experts VKB Kitchen and Bath.