Are you gearing up for that tax return and thinking of what to do with it that will benefit your family to the fullest? Here are a few tips that can help you maximize your return.
- Fix your credit- If you have a credit card bill or might be behind on some other bill, this is the best time to use your return to pay that off and raise your credit score. This will benefit you when it’s time to find a new home. (Ask your lender which option is best for you.)
- Upgrades- Do you hate that outdated light fixture in your living room or the cabinets in your kitchen? Use your return to make the much-needed updates to your home. Even better, if/when it’s time to sell your home, those upgrades will add to your home value and equity. Keep all your receipts because it can be counted against any capital gains! Win-Win! (Advise your CPA for best options, of course.)
- Down Payment- Are you tired of renting and ready to put your money into your dream home? Use that refund as a down payment on the perfect home you have been waiting for!
Whether you’re thinking of buying or selling, we can help you use that refund to maximize your return. Call Ring the Bell Realty today!