Using Your Tax Refund To Achieve Your Homeownership Goals This Year
Here are a few tips to help with your home purchase or sale this season.
How Buyers Can Use Their Tax Refund
According to American Financing, there are multiple ways your refund check can help you as a homebuyer. A few include:
• Growing your down payment fund
• Paying for your home inspection
• Saving for closing costs
The best way to prepare is to work with a trusted real estate professional to make sure you understand what’s to come in the process.
How Sellers Can Use Their Tax Refund
If you own a home and are planning to sell this spring, your tax refund can help you make sure your home is ready to list. Here are a few ways current homeowners can put their tax refund to good use:
• Making small upgrades – NerdWallet provides a list of great ways to use your tax refund, including tackling small projects to help your home stand out.
• Making repairs – If there’s anything in your house that needs to be fixed, American Financing notes that completing repairs is another great use of that money.
• Buying your next home – Whether you’re selling to move up or downsize, you can use your tax refund to help pay for any costs on the purchase of your next home.
Of course, it’s important to talk with your trusted real estate advisor before taking on any projects.
Your tax refund can help you reach your goals. DM me so we can discuss how you can start on your journey.
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