It’s tax season, which also means that it’s tax refund season. According to the IRS, 83% of tax returns receive a refund, which means many Americans have cash on hand. Not everyone spends their refund wisely, and most Americans do spend it on something.
As we’ll discuss in a bit, one of the best uses of your refund is in making upgrades to your home—especially since increasing the value of your home helps you get more when it’s time to sell.
In this blog, we’ll talk about why investing in a new air conditioner to replace an older system might make sense for some homeowners.
#1. Investing this money in your home just makes sense
Most investors and financial planners are against using a tax refund for personal purchases, vacations, or—and this should come as no surprise—gambling money. Generally, these are good ways to get the least out of your refund, or to lose it completely.
Instead, most financial planners advocate for investing, saving, or using your tax refund on upgrades to your home that will permanently add value.
And while you can use your refund to put in some new kitchen countertops, replacing your decades-old air conditioner with a new system will also pique potential buyer interest, either now or years from now. Let’s discuss why.
#2. A new air conditioner has value
A new air conditioner, professionally installed by the experts at Reimer, adds value to your home. Many homeowners are wary of moving into a home with aging HVAC systems that they know they’ll have to replace.
In a hot market, any homes with newer HVAC systems are going to have an advantage, and those sellers are going to be able to maximize their value and return on investment.
There are few places in your home where your tax refund will have exactly the same impact. That’s particularly true if you’re not planning on selling your home right away.
#3. Live comfortably before you sell
Even if you’re not planning on selling your home in this year, or even in the next few years, a new air conditioner is something you can enjoy in the meantime. You can benefit from the increased comfort, better reliability, and superior energy-efficiency of your new air conditioner for years before selling your home.
With Reimer, finding the right air conditioner for your home is an easy process. When you call us, we’ll schedule a free in-home estimate with you. We’ll take measurements and match the right system to your home. Your peace of mind (and, really, the peace of mind of future buyers) is that the system is installed right by true professionals.