Each year, an estimated 114.4 million Americans qualify for a tax refund, receiving an average of $2,913 back from Uncle Sam. It turns out that tax day isn’t so bad when you’re the one receiving a hefty paycheck. But even if you receive a tax refund, you’re not in the clear quite yet. Responsibly spending a tax return is what separates financially savvy Americans from everyone else.

Impractical Use of Tax Returns

Of all the people receiving tax refunds, 35 percent intend to spend all or part of them. Unfortunately, the money is often spent on impractical items such as:

• New technology: While purchasing the latest phone, tablet, or laptop is fun, technology upgrades are generally gimmicky, siphoning your hard-earned money before the life of your current electronics expires.
• Big vacations: Remember, the pleasure is only temporary, and vacations that cost more than the tax refunds themselves result in financial net-losses for families.
• New car: Dealerships are aggressively encouraging Americans to spend their tax refunds on new cars, but the deals aren’t as great as they sound. The value of any car depreciates quickly, negating the investment.

Your Home Is Your Biggest Asset

As you consider how to spend your tax refund, it’s vital to remember that your home is your biggest asset. Protecting and improving its value are some of the wisest ways to spend money.

Homes are susceptible to various kinds of damage, including foundation cracks, bowing walls, and leaky basements. These structural issues impact old and new homes alike, costing an average of $2,000.

These damages are expensive to repair. Instead of taking a reactionary approach, homeowners should be proactive about preventing structural damage. It’s more cost effective to protect the home from damage than to repair it. When planning the ways to spend your tax refund, consider investing in something that matters. Your home is your most valuable asset; making practical improvements to the foundation will increase its value and improve its life.

Intech Anchoring Has the Resources Necessary to Protect Your Home

Because investing in your home is one of the wisest ways to spend your tax refund, it’s crucial to find a partner you can trust. Intech Anchoring specializes in:

• Foundation crack repair: Spending the resources now to repair minor cracks will prevent larger ones in the future. Crack solutions such as epoxy, urethane, carbon fiber, and laminate carbon fiber provide strength to keep the building intact.
• Bowing wall repair: Chance Helical Wall Anchors and Carbon Fiber Wall Reinforcers will support your walls, thereby protecting the long-term value of your home.
• Waterproofing: Intech Anchoring’s waterproofing solutions such as Hydraway Drain, HydraPanel, wall paneling, and encapsulation will prevent future moisture problems.

Intech Anchoring has 20 years of successful experience in wall crack repair. We use only the latest technology and solutions to protect the value of your greatest asset – your home.

To learn more, contact us today at 800-223-7015.