The rising cost of living can make saving money a real challenge particularly when it comes to maintaining a home. These 9 tips will help reduce the overall cost of home maintenance over the long hall, thus allowing you to keep more money in your pocket.
1. Lower Your Water Heater Temperature
Water above 120 degrees can be excessive and dangerous for young children. By lowering the temperature to the optimum 120 degrees will save you a few dollars by using less energy.
2. Upgrade Your HVAC System
Old and used HVAC systems can drain your finances and home’s energy while producing little comfort in return. New HVAC systems are more effective and energy-efficient comparatively to an older unit.
3. Install An Alarm System
Installing a high-functioning alarm system in your home can immediately save you 10 – 20% on your homeowner’s insurance policy.
4. Save With Solar
Solar panels have been considered an expensive investment, but thankfully there are many government subsidies to assist in installing solar panels. Many Americans have saved as much as $183 per month on their energy bills due to solar panel installations.
5. Deduct Your Mortgage Interest and Property Taxes
If you have deductions in excess of the standard deduction, you will want to include these expenses.
6. Replace Old Windows
Replacing old windows with energy-efficient panels can lower your utility bill by as much as 40% per month while also increasing your home’s appeal.
7. Save With A New Roof
As with windows, investing in a new roof can be expensive but the longtime savings can outweigh the initial investment by preventing costly damage from leaks and outdated insulation. Invest in quality work as you will want the new roof to last a considerable time.
8. Cut Out Cable
Many Americans have been saving $100+ per month by completely cutting out their cable and switching to subscriptions such as Netflix or Amazon Prime Video. Most local stations offer free regional programmings, such as the weather and news, and can be viewed by using modern digital antennas. Most of these antennas will support 1080p HDTV within a 30-mile range.
9. Automate Your Thermostat
Installing an automated thermostat is a great way to save money on your monthly energy bill. Adjusting your thermostat to automatically turn on and off while you’re out of the home can save you on energy costs.