It’s that time of year when everyone has either filed their 2017 tax returns or will be doing so shortly. According to a recent survey by Credit Karma, 62% of Americans plan to get a refund when they file their taxes this year. Last year, taxpayers received an average of $2,728 back from the government in the form of state and federal refunds.
If you are one of them, congratulations! It’s always nice to get a chunk of extra cash (even though it is really just your own money that you overpaid to the government all of last year).
So what will you do with your tax refund if you’re getting one? You could use it to pay down debt, or put it in savings, but if it’s burning a hole in your pocket and your really want to spend it, at least spend it wisely. A home improvement project with a good return on investment is one way to spend it wisely, and one such project is replacement windows and doors.
Typically, people do major home improvement projects for one of two reasons: for their own enjoyment or to increase their home’s value for resale. Replacement windows allow you to do both and then some!
New windows for your San Diego home may not seem like a project that would increase your enjoyment in your home, but you might be surprised. So many of our customers comment on how much more comfortable their home is after installing replacement windows. They are able to better regulate the indoor temperature, and their home is better insulated from outside noise. They also regularly comment that their new windows just make their home feel newer, more updated, and brighter.
When it comes to increasing your home’s value, replacement windows do that as well. Some experts estimate that you can expect to recoup up to 80% of the purchase price of your new windows when you go to sell your San Diego home. What is more, you will save money on heating and cooling your home by installing energy efficient replacement windows. Not too many other home improvement projects can actually save you money on your monthly bills!
When you use your tax refund on new windows for your San Diego home, you can also save on any financing costs. Many of our customers use some sort of financing to pay for their windows—either a home equity loan, a credit card, or a financing option offered by BM Windows. When you pay cash for your new windows, however, you avoid having to pay any interest associated with those financing options. Even if your tax refund doesn’t cover the entire cost of your new windows, you can use it as a large down payment and avoid at least some of the financing costs.
If you’ve been thinking about installing replacement windows and doors for your San Diego home, now might be the best time to do it! Don’t put it off another year—start enjoying your new windows this summer! Give us a call or contact us through our website to set up your free, in-home consultation.