How does your 2014 tax return measure up against the averages for Illinois? More than 6 million tax returns are filed in Illinois each year, and 5 out of every 6 end up netting a tax return.
Are you one of those five out of six?
The average tax refund for the 5 million Illinois residents who filed in fiscal year 2011 – the most recent year in which statistics are available at this time – is just a couple of family McDonald’s meals shy of $3,000. Are you getting back at least that $2,957.87 average tax refund, or more this year?
A better question might be, “What are you going to do with it?”
A new TV might be nice, but new TVs are obsolete in a couple of years. I just dragged a couple of huge, wall-sized TV’s out of an apartment the other day, left behind by the renters who bought those, but couldn’t pay their rent. Those monster TVs probably cost those tenants a mint, but you can’t even give them away today. Technology marches on very quickly, and the unnecessary stuff you spend your money on now is just about guaranteed to be worthless three to five years down the road.
Except for a home.
Yes, home prices dipped for a bit the past few years, but in many communities in the U.S., and in the Chicago area, home prices are now rising quickly, and in some cases already back to pre-recession levels, or close to it.
Homes are what is called an appreciating asset. TVs, clothing, cars, and all other “consumer goods” are what are called depreciating assets. Over time, houses go up in value while consumer goods go down in value, often until they are actually worthless.
So what are you going to do with your tax refund this year?
Why not buy a home?
You can use your tax refund to get into a nice Rent to Own home, earn rent credit every month while you rent it, then buy it later at a price you lock in today, before prices go up any further.
If you’re getting a big check from your tax return in 2014, make this the year you do something to make that money grow, instead of blowing it on stuff that will be worthless a few short years down the road.
Call today and let us find you a great Rent to Own home for your family!
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We have a lot of Rent to Own homes available now. Call or text 630-697-4500 or email Adam @ MyHappyHomeSolutions.com for more info, or visit our website at MyHappyHomeSolutions.com to watch video tours and get more info.
Please note that not all available rent to own homes are shown on our site. Sometimes they are rented before we even have a chance to post them, so get on our mailing list to stay informed about all new properties!
Our primary focus is on homes in the Chicago suburbs, but we have associates who have Rent to Own homes available NATIONWIDE! Whether you're looking for a Rent to Own home in Chicago or Chattanooga, Illinois or Alaska, we can help you find that home! Contact us and let's get you into a nice new home!
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