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$1000 Projects: Invest your Tax Refund into your home
Getting money back from the IRS is a silver linipaying taxes, but why invest a tax refund in your home instead of, say, a weekend getaway? Because your home is probably your biggest asset, so it pays to take care of it-literally. Even modest investments such as a new washing machine or exterior door can yield surprisingly big returns.
The average tax refund changes from year to year, but lately it's totaled around $3,000. That's a tidy windfall. Not everyone is so lucky, of course, but even if you only get back half that amount, there are many great ways to invest a tax refund in your home. Consider these five projects that cost around $1,000.
1. It all comes out in the wash
It might not sound sexy, but equipping your laundry room with a new washing machine will pay off immediately on your utility bills. Today's high-efficiency washers use less water per load than standard top-loaders, so you save on your water and water-heating bills. Replacing a washer made before 2000 with an Energy Star model can save a typical homeowner as much as $135 annually.
A high-efficiency top-loader costs between $700 and $900. A stylish and even more efficient ... more

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