Best Investment of Homebuyer Tax Credit

The Senate recently voted to extend the $8,000 federal homebuyer tax credit aimed at stimulating sales to September 30, 2010 (it was originally going to end on June 30). So now it looks like an estimated 180,000 home purchasers who were already in the sales pipeline could benefit from the tax credit. [Update: The extension now appears dead in the Senate, after a June 25 vote on it, but the credit still applies to deals closed by June 30].

So what would these lucky new homeowners do with this lucrative windfall -- here are some suggestions for projects to improve the home: