Owning a home is one of the most expensive ventures of a person’s life. The cost of the home upon purchase is only a fraction of the total expense of owning a home long term. Maintenance can be very costly.
Luckily, there are plenty of easy opportunities to cut down on the cost of owning a home that will not break the bank even further. Check out this quick overview of a few of the most effective ways to save money for new and future homeowners.
Energy efficient appliances
Not only are energy efficient appliances better for the homeowner’s energy bills, but they are also easier on the environment. Typically, these energy efficient appliances use minimal resources to function. They conserve water as well as energy.
Time has also proven that energy efficient appliances are more durable. They last longer and function better. Concerning maintenance, energy efficient appliances are not very difficult to repair. In most cases, owners can order parts and perform repair work themselves.
Windows and doors
When purchasing an older home, it is important to inspect the seals around windows and doors meticulously. Air leaks and small openings are one of the most common sources of energy waste.
If a prospective homeowner is building or purchasing a new structure, then it behooves them to invest in energy efficient windows and doors. Over time, these upgrades will easily pay for themselves in savings.
Use nature for cover
Efficiency does not simply reside within the structure of the home, but outside as well. Large, full trees are a great way to provide shelter from the hot sun during the summer.
Planting a few trees in the yard will also help to provide cleaner air for the surrounding community, as trees are one of the best sources of oxygen on the planet.
Install a digital thermostat
Digital thermostats are far more efficient at maintaining one central temperature in space. The do not cost much more than a conventional thermostat, and they are well worth the investment.
Maintaining a consistent temperature in the home could lower energy bills considerably. Over time, homeowners have the opportunity to save hundreds or thousands, depending on the length of ownership.
Blankets and bubble wrap
It may sound a bit silly, but blankets and bubble wrap can save a homeowner hundreds over the course of a year. There are form-fitted blankets available to place over the water heating unit in the home to further insulate the contents. Of course, if the home is new, it would be better to invest in a smaller water unit that will provide just as much warm water for a fraction of the cost.
Bubble wrap can be used as extra insulation for old windows in the attic or basement of a home. Though these areas may not be as commonly populated, they do still pull energy from the home.