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Maintenance5 min

Turn Your Tax Refund Into Lasting Home Improvement

GoBankRates.com estimates that the average tax refund this year will total about 3 000 $. In a survey conducted by that organization, 10 percent of respondents said they plan to splurge on a vacation or luxury item when the refund arrives. But 9 percent plan to use that money for a “major purchase.”

Some homeowners may choose to buy a refrigerator or washer and dryer with that windfall. But an even better investment would be a home-improvement project that may add to the home’s resale value. For example, a siding replacement adds 12 119 $ to a home’s average resale value per Hanley Wood. Building a backyard shed can also boost the value of your home, especially if the prospective buyer has a shed-ready hobby and needs an artist studio or woodworking space.  

“Replacing home siding has consistently ranked as one of the best projects for increasing a home’s value,” says Karen Alves, LP’s Brand Segment Marketing Associate for siding. “When you sell the home, you recoup more of your investment than with comparably priced renovations like window replacement.” 

With potentially 3 000 $ in hand, a homeowner can go beyond a just-the-basics renovation to one that adds significant home value. Here are some idea-starters for how to use a tax refund for a home renovation:

  • In the Northeast and West regions of the U.S., smooth home exteriors are growing in popularity. The same is true in cities with large historic districts, like Charleston, South Carolina and Savannah, Georgia. A tax refund can be a good first step toward turning a rustic home exterior into a stylish smooth one that matches the local surroundings. 
  • Use the tax refund to build a backyard shed that becomes your creative getaway – whether it’s a painting studio, a yoga retreat or a songwriting haven. And don’t forget that famous authors like Virginia Woolf and George Bernard Shaw actually had “writing sheds” where they retreated for inspiration.

When your refund check arrives, resist the impulse to buy those tickets to Tahiti or jewelry store bling. Invest that money into some remodeling projects that make your home more creative and increase the asking price when you sell.

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Renovation5 min

HOW TO USE THE LP® SMARTSIDE® HOME VISUALIZER

Planning to refresh your home's trim and fascia? Hoping to change the exterior entirely with a full re-side project? No matter your plans, choosing siding and trim colors can be difficult. Mentally visualizing how your home will look with a new product is a challenge-and it's even tougher to imagine the amount of change even just updating trim will bring. That's where the LP® SmartSide® Home Visualizer, a siding visualizer tool, comes in. This free tool can help you explore home siding ideas to find the best siding color combinations for your home. Read more to find out how to use the tool-and why LP® SmartSide® Trim & Siding can make all the difference for your home.

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Renovation6 min
Selecting LP® SmartSide® Trim & Siding with Liz Marie Galvan

Re-siding your home is a significant investment and a long-term decision on your home's look. One of the first steps to siding a house is choosing a siding material that fits your needs. Being involved as you review types of siding and cost can give you confidence in your plans and peace of mind that the materials you choose are built to last. Liz Marie Galvan of the Liz Marie Blog shares her journey toward choosing LP® SmartSide® ExpertFinish® Trim & Siding for her upcoming home re-siding project.

Renovation4 min
Checklist for How to Hire a Contractor

In this hiring a contractor checklist you’ll find expert guidance in connecting with the right contractor for your re-side project, including questions to ask and quick tips.

Maintenance5 min
A Deep Dive into the LP® SmartSide® Trim & Siding Limited Warranty

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