MANUFACTURED HOMES • February 25, 2016

Turn your tax refund into a smooth move

Turn your tax refund into a smooth move Image

Drops of sweat form at the temples. Pulses skip a beat. As April 15th nears, many taxpayers are scrambling to file their federal state and tax returns. But if you’re one of the nearly 80% of Americans who will receive a refund of hundreds—or even thousands—of dollars, you’re doing a happy dance.

Now, the question is, what’s the best way to spend it? You might be tempted to splurge on a vacation. Congratulations, you deserve it! Others will buy a new car or SUV, which can be a necessity. But if you’re honest with yourself, you’ll admit that neither one of those expenditures is a wise investment. So, what is?

Why not improve your lifestyle while making a smart financial decision? If you’re already a homeowner, consider the long-awaited kitchen or bathroom remodel. People buying a house look first at kitchens and baths, according to the Joint Center for Housing Studies at Harvard University. So while these rooms can be the most costly to redo, they’re more likely to pay off in higher resale value.

Live better, sooner

Another common-sense idea for spending tax refunds is placing a down payment on a new home. For apartment dwellers, home ownership could be a dream come true. Manufactured home communities offer ownership starting well below most stick-built homes.

Companies like UMH Properties, Inc. help their customers find the homes and features that fit their budgets. Some of their communities offer three-bedroom, two-bathroom manufactured homes for a cost similar to a one-bedroom apartment. And now may be the best time to buy. Interest rates are near all-time lows, but appear to be inching higher.

At UMH Properties, Inc., prices vary depending on size as well as customizable features and finishes. Home prices also vary by location, but all models and price points include backyards that encourage outdoor activities. Residents are welcome to pursue their interests, leisure activities and DIY projects. Many UMH communities feature shared amenities such as swimming pools, tennis courts and playgrounds within steps of individual homes. And all UMH sites provide on-site management and around-the-clock maintenance services.An investment of this year’s refund in a new home can reap even more benefits down the road in the form of tax deductions. The Mortgage Interest Deduction alone led to $68.5 billion in mortgage interest deductions (MID) in just 2012, according to the Congressional Research Service (CRS). That saved American homeowners an average of about $1,900 each.

So before you hit the “Buy” button on that set of custom aluminum wheels or 85-inch smart TV, consider the alternatives. UMH Properties, Inc. has been building high-quality, affordable lifestyle communities since 1968. Visit to find the perfect UMH community near you. Or call 800-504-0670 for more information.