Got a Tax Refund? These 6 Home Improvements Will Level Up Your Living (and Help Sell Your House)

Let’s all put down the calculators, file the receipts, and celebrate the fact that tax season is over!

For many of us, that means a nice refund check has already landed or is on its way. (Fun fact: The IRS issued 237.8 million refunds in 2022.)

If you’re in the refund crowd, you might wonder what to do with that shiny sum. While you could blow it on a bunch of stuff that ends up in next year’s spring-cleaning piles, we’re proposing something a bit more lasting.

We asked designers and real estate agents for advice on the best home improvement projects to tackle with your tax return money. Here are their Top 6 picks for ways to reinvest those funds into your home for a more functional, comfortable, and ready-to-sell space.

1. Upgrade old appliances

New appliances offer improved efficiency.

Appliances from a few decades ago are unattractive and can actually be the secret energy vampires elevating your monthly bills. (And worn appliances are a massive turnoff for future buyers.) Additionally, new appliances are way more efficient at cooking, refrigerating, and cleaning, so you’re looking at a truly valuable improvement project.

2. Update your kitchen

Adding a wall or painting those tired cabinets can be a useful way to use your tax refund.

(Getty Images)

Much like upgrading appliances, updating your out-of-date kitchen can be a surprisingly lucrative investment to make with your tax-return dollars.

“Manageable kitchen updates are a wonderful way to use your tax refund,” says Nelson. “Think smaller improvements like new paint, an updated pantry door, new large-scale lighting over the island, or a dramatic light fixture over your table.”

3. Splurge on a new mattress

A brand new, comfy mattress might not add much monetary value to your home, but the personal value of a great rest is priceless.

4. Invest in your outdoor space

Whether you need a new grill or want to revamp those worn-down garden beds, investing in your home’s outdoor living space will bring you lots of joy as we head into the warmer months. And it might even boost your home’s overall curb appeal when you’re ready to sell.

Adding landscaping, new furniture, and outdoor toys, like hot tubs, can make your space perfect for you and set a relaxing tone.

Another pro tip? Extend the use of your outdoor area by investing in a fire pit to use in the spring and fall.

5. Make your home smarter

Bolster your home’s appeal with smart devices.

No, we aren’t proposing you send your house to college. But you can make your home smarter by adding in some of the latest gadgets with control capabilities for your abode’s security, heating and cooling, and electric systems.

6. Modernize the details

If you recently purchased an older home, you might have noticed some of its characteristics haven’t aged well with the times.

A few outdated biggies are texturized, popcorn ceilings and spindly stair rails.

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