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5 $500 Investments You Need to Make Into Your House to Save BIG!
The average tax refund fluctuates, but in recent years it’s come in around $2,700. That’s a nice chunk of change to receive from the IRS. Not everyone is so lucky, of course, but even if you only get back $500, there are many great ways to spend your tax refund on your home.
Why invest your tax refund in your home instead of, say, a tropical vacation? Because your home is probably your biggest investment, so it pays to take care of it — literally. Even relatively small investments such as energy audits or low-flow showerheads can yield surprisingly big returns. Consider these five projects under $500.
1. Go with the low flow If you’re tired of watching money go down the drain, invest in the latest low-flow showerheads. Old showerheads (pre-1992) can pump out 5 gallons of water per minute. Newer showerheads, while more efficient, still use 2.5 gallons per minute. But the latest low-flow showerheads use up to 50% less water than even the newer showerheads, yet technological innovations make it seem as if you’re bathing under the same amount of water.
The latest low-flow showerheads run between $50 and $200 apiece, but the payback can be quick. Swapping out old ... more
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