If you’re considering upgrading your home, focus on upgrades that enhance your house AND your wallet. Being strategic can save you money in the long run – even if it costs a little bit more upfront. Do your research and make smart choices that will reduce your utility bills or prevent costly repairs down the line. In doing so, you’re investing in both your living space and your financial future.
Budget-Friendly Upgrades by Category: Power Up Your Savings!
So where will your money go the farthest? There are some specific categories to examine where people generally get the best return for their money.
Energy Efficiency
Swapping out old appliances for newer energy-efficient models can add up to hundreds of dollars of savings – on your electric bill alone. That doesn’t even include the rebates that some utility companies offer or any tax credits you might be eligible for. An energy-efficient refrigerator for instance can use up to 50% less energy and is more likely to last longer. You can also feel good about the environmental benefits.
When choosing your appliances, look for Energy Star labels so that you know the appliances meet the EPA standards. Compare the energy use ratings, and do your research to be sure the quality is acceptable. Don’t waste money on extra features you won’t use – they may look exciting but can be a money pit.
Water Conservation
Similar to energy-efficient appliances, there are upgrades you can make that will reduce your water bills. One is to upgrade your showerheads and faucets. Choosing a low-flow model doesn’t reduce your water pressure but does reduce your water usage by up to 50%, so get that rain shower you’ve been dreaming of, and reduce your utility bills to cover the cost at the same time!
For faucets, consider a faucet aerator, which mixes air into the water stream, maintaining pressure while reducing the actual water used. You can also upgrade to a high-efficiency toilet with a low-flush or dual-flush feature. Having the option to use less water depending on your needs can really help you save money.
While you’re making these upgrades, have a professional plumber come out to check for and repair any leaks. Not only is the leak itself increasing your water bills, but leaks can cause water damage or mold, which can be really pricy to handle, and can even affect your health.
Bright Lights
Replacing some lightbulbs? Invest in LED lightbulbs if you can. They can last 25 times longer, and use significantly less energy. Additionally, now LED bulbs have both warm and cool options, so your house doesn’t need to feel clinically bright just to save some money.
Windows To Your Savings
If you’re looking at some bigger projects, consider replacing your windows. They generally last 15 to 20 years, so if you’re reaching the time when you need to tackle them, invest in double-paned, energy-efficient windows with low-emissivity coatings. If you’re not replacing windows right now, it’s still worth it to take the time to make sure they’re properly caulked and weather-stripped. Doing so prevents heat or cool air from leaving your house, letting your heating or A/C units work a little less.